baselinescenario.com - 3/25/2009
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One of the determinants of how you feel about the Geithner Plan is what you think will happen if it fails. By “fails,” I mean that the buyers’ bids are lower than the sellers’ reserve prices, so the toxic assets don’t actually get sold.
Brad Delong , for ...
The politics of the recession - Gloom offensive
economist.com 2/14/2009 — FOR a man whose bumper stickers promised “Hope not Fear”, Barack Obama knows how to scare people. “If we don’t act immediately,” he told the citizens of Elkhart, Indiana on February 9th, “our nation will sink into a crisis that, at some point, we may ...
One Trillion A Year?
market-ticker.denninger.net 1/7/2009 —
Change we can believe in? Where? This is Obama's idea of "change": WASHINGTON (AP) - President-elect Barack Obama says the nation probably faces huge deficits for years to come, but heavy spending is needed now to spur ...
"So What is the Plan?"
economistsview.typepad.com 2/11/2009 — Paul Krugman says the Treasury's bailout plan is a bit vague:
The Rorschach plan (wonkish, or at least hard to read), by Paul Krugman : An
old joke from my younger days: What do you get when you cross a Godfather with a
deconstructionist? ...
More on the bank plan
krugman.blogs.nytimes.com 3/21/2009 — Why was I so quick to condemn the Geithner plan? Because it's not new; it's just another version of an idea that keeps coming up and keeps being refuted. It's basically a thinly disguised version of the same plan Henry Paulson announced way back in ...
Replacing Justice Souter
reason.com 5/21/2009 — With Supreme Court Justice David Souter set to retire next month at the end of the Court's current term, President Barack Obama faces one of the most important decisions of his tenure. Reason.com asked a panel of leading legal scholars and ...
Christina Romer on YouTube on the Stimulus Plan
economistsview.typepad.com 1/11/2009 —
Paul Krugman is pushing for more:
More on Romer/Bernstein : Still picking over the Romer/Bernstein
official
evaluation of the Obama economic plan. Again, kudos to the team for
producing such a clear, honest assessment. But ...
Demanding a Resolution
tbm.thebigmoney.com 3/25/2009 — Tim Geithner is getting the hang of this Washington thing. A day after inflaming and subduing critics with a bailout plan that Wall Street ( at least temporarily ) loved, Geithner turned to a classic form of D.C. distraction on Tuesday: wave a ...
The Geithner Plan FAQ
delong.typepad.com 3/22/2009 — Q: What is the Geithner Plan?
A: The Geithner Plan is a trillion-dollar operation by which the U.S. acts as the world's largest hedge fund investor, committing its money to funds to buy up risky and distressed but probably fundamentally ...
Geithner’s Plan: Good in Theory
aleablog.com 3/23/2009 — But unlikely to work in practice.
Subject to the leaked plan being correct, this works like a simple cash-flow CDO, where, to take the FDIC example, funding is non-recourse and equity is held by a joint venture between treasury and private ...
Geithner Plan Gets Adjustment, Silver Lining for Taxpayers?
optionarmageddon.ml-implode.com 5/4/2009 —
Geithner’s plan to rid banks of their toxic assets—the Public-Private Investment Program or “PPIP”—is getting an early face-lift. The plan is still a taxpayer giveaway, but perhaps a slightly smaller one now. ( ...
Populism: Will there be blood? —
The Economist: Full print edition 3/26/2009
The revival of American populism is partly synthetic, but mostly real A WEEK or so ago America was seized by a spasm of fury over the bonuses paid to executives at AIG, a troubled insurance company. Across the country Americans were enraged that ...