Tag: christopher dodd
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Paulson/Dodd Plan: Mankiw Stipulates to the Merits
Greg Mankiw posted the views of a surrogate (his "smart friend") to dis the Paulson/Dodd bailout compromise (buy assets, get warrants/equity as well). His friend addresses the plan on its merits. But when David Leonhardt replied , also addressing the plan's central issues, Mankiw changes tack, arguing that it will screw up the auction process:…
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Bailout: Dems Have the Smart Solution (Again)
Very quickly here because I have to run out the door, you'll have to google for your own links: Senate Banking Committee Chairman Chris Dodd has proposed an alternative to Hank Paulson's "just trust me" blank-check bailout proposal. Simply put: If Treasury (that means you and me) buys $1 worth of trash assets from a…