Get Some Facts

The Economists' Voice has some timely writing:

Why Paulson is Wrong

Luigi Zingales

There are alternatives to a massive government bailout of the U.S. financial industry, according to Luigi Zingales—they just would be more costly for financiers and cheaper for taxpayers.

Questioning the Treasury's $700 Billion Blank Check: An Open Letter to Secretary Paulson

Aaron S. Edlin

The Treasury wants a blank check for $700 billion, at taxpayer expense; instead a businessman like Buffett should be given the job of making the taxpayers some money out of this mess, according to Aaron Edlin.

Dr. StrangeLoan: or How I Learned to Stop Worrying and Love the Financial Collapse

Aaron S. Edlin

Last week, on Wednesday September 17, 2008, the Bush Administration almost stumbled upon a way to eliminate the U.S. debt and even taxes. Aaron Edlin's ironic take on a world gone mad.

Investment Banking Regulation After Bear Stearns

Dwight M. Jaffee and Mark Perlow

The Bear Stearns bailout created an implicit guarantee that will create a great deal of moral hazard unless we smartly regulate investment banks in a way that doesn't destroy their value; so say Dwight Jaffee and Mark Perlow.

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2 Responses to Get Some Facts

  1. Amos says:

    Important announcement directly from the China Banking Regulatory Commission (CBRC): CBRC Spokesperson’s Statement:

    The CBRC has never, by any means, ordered or told the Chinese commercial banks to stop lending to U.S. financial institutions. We strongly condemn the South China Morning Post for its irresponsible and groundless report, and we reserve the rights to take further actions including pursuing its legal responsibility if necessary.

    Last night’s Reuters report, picked up from the South China Morning Post is wrong. In a report today, Reuters has indirectly retracted their earlier report.

  2. Hayden says:

    So what has the Chrysler bailout done to help the American Automobile Industry?

    Aside from eliminating ALL accountability in Detroit.

    Big Auto couldn’t even get rid of Matt Millen, let alone Wagoner or Lutz who are losing Billions a quarter. Encouraging Wall Street to adopt Detroit’s governance/economic model is worse than doing nothing and letting them fail.

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