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Here's a roundup of (mostly centrist and liberal) economists commenting on the latest bailout plan:
http://economistsview.typepad.com/economistsview/2009/03/despair-over-financial-policy.html
More criticism from Simon Johnson, the former chief economist of the International Monetary Fund:
http://baselinescenario.com/2009/03/23/breaking-the-bank/
And a possible explanation for why Geithner is sticking so closely to Paulson's original plan:
http://www.talkingpointsmemo.com/archives/2009/03/game_theory_and_the_bailout.php
I don't have a clear opinion on this--I'm just trying to learn like everybody else. But I thought these posts gave a lot to chew on. (And could help shift the karmic balance of the board away from Glenn-Beck-Crazy-Base-Land!
)
http://economistsview.typepad.com/economistsview/2009/03/despair-over-financial-policy.html
More criticism from Simon Johnson, the former chief economist of the International Monetary Fund:
http://baselinescenario.com/2009/03/23/breaking-the-bank/
And a possible explanation for why Geithner is sticking so closely to Paulson's original plan:
http://www.talkingpointsmemo.com/archives/2009/03/game_theory_and_the_bailout.php
I don't have a clear opinion on this--I'm just trying to learn like everybody else. But I thought these posts gave a lot to chew on. (And could help shift the karmic balance of the board away from Glenn-Beck-Crazy-Base-Land!