Congress decides it is worth risking depression
Martin Wolf of the Financial Times , who invariably produces stuff of the highest quality (this one is no exception), here in defence of a weak plan, and the dire […]
Bail-out failure no reason to panick
Not everybody agrees that the bail-out plan was about ‘price discovery’ (as Paul Krugman argued) and it’s failure is a disaster. We don’t agree, but the article makes a few […]
Wise words on the bail-out
Chris Whalen, the co-founder of Institutional Risk Analytics, argues that the Treasury should only pay for the losses on dodgy securities, not buy them up. That seems a good idea […]
Bail-out off to a flying start
That something big was necessary became immediately obvious by the market reaction and the string of bank failures, and subsequent rescues..
Will it work?
The bailout plan seems on track, that’s step one. But another, more fundamental question is, will it work? Opinions differ. Not everybody is enthusiastic, or even optimistic…