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The Counterpoint to CR’s Argument, as Stated Below

…And if the plan is to buy assets above their value—then why are we expected to buy Beanie Babies? Shouldn’t we be selling them to Treasury Secretary Gramm Fiorina Paulson?…

What is an Asset?

…long run, remember the reason we’re saying that. Because, in pre-Paulson/Bernanke economic theory, actions used to have consequences. Now, they can just cost the taxpayers. And when I add that…

Roubini and the Bail-in this weekend

…in each case). Paulson and Bernanke and Geithner (the troika managing this financial crisis) have all made public statements in the last few month to the necessity of finding an…

Credit is scarce but not capital

…Ben Bernanke and Treasury Secretary Henry Paulson have urged banks and investment firms to raise more capital so that they can lend more and boost the economy. People also may…

Mish and business

…risks anyway.Those were bad business decision for banks. Banks, not taxpayers should pay the price. Paulson is now begging people to do something that may not be in their best…

Post flambe

…any, would have any impact on current economic signals. Meanwhile, Paulson, in his speech before the New York Society of Security Analysts, Inc., said the administration would consider an economic…

Subprime becomes prime time lawsuits?

…“freeze,” the brainchild of Treasury Secretary Henry Paulson. It sounds good: For five years, mortgage lenders will freeze interest rates on a limited number of “teaser” subprime loans. Other homeowners…

WTO GATS and protectionism or nationalism

…seems part of a recent pattern in which Chinese officials issue new regulations aimed at favoring Chinese industries over foreign competitors, despite efforts by Treasury Secretary Henry M. Paulson Jr….