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"Will the Geithner Plan Work?"
Economist's View —
...
How to Tell It’s Working, by Mark Thoma, Room for Debate, NY Times Blogs: A bailout plan must do two things
to be effective. It must remove toxic assets from bank balance sheets, and it
must recapitalize banks in a politically acceptable manner. I believe the
Geithner plan has a chance of doing both of these things, but it’s by no means a
sure bet that it will. ...
Room for Debate
Paul Krugman —
March 24, 2009, 1:38 pm Room for Debate See more opinions and morning-after thoughts, including mine, about the Geithner plan at The Times’s discussion forum, Room for Debate . ...
The Geithner Plan
Conglomerate —
... Second, Paul Krugman has raised all sorts of problems by criticizing the Program (for a nice debate involving Krugman, Simon Johnson, Brad DeLong, and Mark Thoma, see here), but his main point is pretty simple: no matter what the Obama Administration says, the Geithner Plan is a subsidy to banks and private equity investors ( ...
Room For Debate At The NYT
The Baseline Scenario —
... The NYT is ran an online discussion of the new Geithner Plan yesterday. The worry I expressed there is whether the Plan is scalable - i.e., it could work at a modest level, but to really have impact it needs to be huge. And, as it gets larger, I think we’ll see a political backlash. ...
The Geithner Plan: Time Is Not on Our Side
EconoSpeak —
Here is the short version of what Simon Johnson, Paul Krugman, Brad DeLong and Mark Thoma said in their discussion of Geithner’s PPIP: no one thinks it is likely to be adequate, Johnson/DeLong/Thoma express varying degrees of optimism that it can lay the political groundwork for more decisive action down the road, and Krugman fears the Obama administration is using up what remains of its political capital and will be unable to take any further action. ...
“Toxicity” Is A State of Mind
A Fistful Of Euros » A Fistful Of Euros —
You know, one of the things which amazes me about the discourse which surrounds this crisis is the way people seem to trot out all the old formulae, without giving a moments though to what they mean. “In the long run we are all dead” is an obvious case, who really stops for long enough nowadays to think about what Keynes was actually getting at? “Animal Spirits” would be another.
The New York Times are running an interesting forum, called “Room For Debate“. Now Brad DeLong makes the following point (drat, you ...
What do you mean “Fix It?”
macroblog —
... if you somehow feel you might have missed one—but the New York Times' Room for Debate feature is a reasonable place to get a one-stop view of some divergent opinions the plan has elicited. ...
