krugman.blogs.nytimes.com - 10/2/2008
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In the end, the US government will rescue the financial system - not today or tomorrow, maybe not Thursday, but soon, and for the rest of our lives, or anyway until the next crisis.
But, people ask me, where will we get the money? Won't we have to borrow it from the Chinese?
Actually, no.
Ten ...
themoneymeltdown.com - 10/2/2008
economist.com - 9/28/2008
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economist.com —
No government bail-out of the banking system was
ever going to be pretty. This one deserves support
SAVING the world is a thankless task. The only thing beyond dispute in the $700 billion plan of Hank Paulson, the treasury secretary, and Ben ...
(more)
I want your money
corner.nationalreview.com - 9/29/2008
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corner.nationalreview.com —
A number of Republican House members and staff,
along with others who are plugged in, are telling
me that Nancy Pelosi and the Democrats will come back with a new bill that includes all the left-wing stuff that was scrubbed from the bill that was ...
(more)
The End of the U.S. Financial System as We Know It?
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unintended consequences of the TARP
Decline and Fall of Western Civilization —
... load of fresh supply on the market. The pressure on stocks and non government bonds is certain to continue as the Treasury crowding out continues week in and week out. The passage of the bailout bill, if it happens, will be a disaster, adding even more Treasury supply to a market which can’t cope with it. This is something that policy makers either fail to understand, or are ignoring. paul krugman offered a view on financing the TARP last week. (and further here as well on recapitalization.) it could be read as a warning. Think ...
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