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Dean Baker Explains It All to You

…will we get the banks to honestly describe the assets they throw into the auction? Unless the Fed is planning to buy assets at above market value—that is, to directly…

Bail or re-sell after the bums are kicked out?

…thing the Fed can do is to go the Northern Rock route. Instead of giving more money to troubled banks, it should give less. It should end the Term Auction

…AB P.S. Technically, the auction should have started around $250 billion, corresponding to the administration’s projections back in February. P.P.S. And what’s this about: “To placate some lawmakers (Republicans as…