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Willem H. Buiter Says 'Good Banks' Are the Cost Effective Way Out of the Financial Crisis

Economist's View found this 2/21/2009 on online.wsj.com

WILLEM H. BUITER Treasury Secretary Tim Geithner's bank rescue -- the Financial Stability Plan (FSP) -- has been poorly received by the markets. My proposal last month to create brand new "good banks" with the limited taxpayer resources available is the best solution to the crisis. One reason ...