economistsview.typepad.com - 3/23/2009
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Which plan is best, the original Paulson plan where the government buys bad
paper directly, the Geithner plan where the government gives investors loans and
absorbs some of the downside risk in order to induce private sector
participation, or straight up nationalization?
Last March, before ...
economistsview.typepad.com - 3/24/2009
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economistsview.typepad.com —
Sachi Mukherjee disagrees with my mild support of
the Geithner plan. He's worried that if we let...
this window of opportunity for reform go by without making major changes - and going with the Geithner plan is, he believes, a step in that ...
(more)
Dissent on "Which Plan is Best": Why a Second Best Plan ...
economistsview.typepad.com - 3/24/2009
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economistsview.typepad.com —
The question is, "Will the Geithner plan work?"
There are responses from Paul Krugman, Brad DeLong, Simon...
Johnson, and me: How to Tell It’s Working, by Mark Thoma, Room for Debate, NY Times Blogs : A bailout plan must do two things to be ...
(more)
"Will the Geithner Plan Work?"
Comments
Blog Reactions
Some Positive Comments on the Geithner Toxic Plan
Calculated Risk —
From Mark Thoma at Economist's View: Which Bailout Plan is Best? ... I prefer nationalization because it provides a certainty in terms of what will happen that the other plans do not provide, the Geithner plan in particular, but it also appears to suffer from the political handicap of appearing (to some) to be "socialist," and there are arguments that the Geithner plan provides better economic incentives than nationalization (though not everyone agrees with this assertion). The Geithner plan also has its political problems, problems that will get much worse if ...
Dark musings, 2009-03-24
interfluidity —
I often wish I were Mark Thoma . If I were Mark Thoma, I could be smart and paying attention without being bitter. So I am not wedded to a particular plan, I think they all have good and bad points, and that (with the proper tweaks) each could work. Sure, some seem better than others, but none to me is so off the mark that I am filled with despair because we are following a particular course of action. Unfortunately, I have a darker temperament, a spirit less generous and optimistic than Mark's. I am filled with despair, not because what we are doing cannot "work", but ...
Guest post: Can Geithner's public-private partnership get it done?
naked capitalism —
... not think it will be entirely successful - the writedowns in commercial real estate for one are too many. But, too much time has passed and there is zero opportunity for another solution at this point. The Geithner plan is all that we are going to get for the majority of 2009. So we better hope it works. Sources Has a ‘Katrina Moment’ Arrived? - Frank Rich, NY Times Take the Steering Wheel out of Geithner's Hands - Arianna Huffington Which Bailout Plan is Best? - Mark Thoma ...
Dark musings, 2009-03-24
The Big Picture —
Steve Randy Waldman writes the blog interfluidity. His take is usually away from the mainstream, and always interesting.
His most recent discussion on Bank Nationalization is quite interesting
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I often wish I were Mark Thoma. If I were Mark Thoma, I could be smart and paying attention without being bitter.
So I am not wedded to a particular plan, I think they all have good and bad points, and that (with the proper tweaks) each could work. Sure, some seem better than others, but none — to me — is so off ...
Tuesday links: power plays
Abnormal Returns —
... with the PPIP plan? (WSJ.com)
What are the second-order effects of the PPIP and the various other government plans to support the economy? (finem respice)
The market for mortgage-backed securities is not functioning properly. Can the government really help? (Slate.com, Free exchange)
Making the best of a flawed plan. (Economist’s View, The Balance Sheet) ...
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Financial Stability: Coming Soon —
The Big Money 3/23/2009
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Know hope.
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