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Open Thread II: Treasury Boogaloo

…of monetary and fiscal policy and broad experience in international trade issues. Before the current crisis, he was involved in the bailouts of Mexico, Indonesia, Korea, Brazil and Thailand. He…

Everything Old is New Again

…passed to make the “underfunded” portion a thing of the past (you can stop laughing any time), several large companies run by Captains of Industry—think Roger Smith and GM—complained that…

The National Money Hole, should it go?

This is a very important issue that should be discussed at all econ blogs. It has far reaching ramifications and frankly, I want to know why we did not hear…

FYI: AIG’s new money deal

mmckinl mentioned the new AIG deal. Naked Capitalism has a post by Yves Smith regarding the new and improved AIG plan titled: The looting continues (Bannana republic watch). It reviews…

You Can Lead a Horse’s Arse to Water, but…

You can’t make him think—or own to loan. Krugman notes: [L]ast week Joe Nocera of The Times pointed out a key weakness in the U.S. Treasury’s bank rescue plan: it…

Blind-Reference of the Week

Late to the party, but FelixMatthew Malone (via The Divine Bess) quotes from Andrew Lahde’s good-bye letter, the follow-up to the one in which he noted that he only plays…

Wasting More Money

…a favorable rate, the government may encourage them to expand. In this category, industry analysts point to regional leaders, like KeyCorp of Cleveland; Fifth Third Bancorp of Cincinnati; BB&T of…

Hank Paulson’s Two Choices Explained

Right now, Hank Paulson has two choices. or Right now, he claims to be pushing toward the second, but isn’t getting out of the cab….