thenation.com - 3/8/2009
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U.S. Economy Joseph E. Stiglitz : Banks have polluted the economy; it's a matter of equity and efficiency that they clean it up. A Better Bailout U.S. Economy Joseph E. Stiglitz : The emerging compromise on the bailout is better than Paulson's original proposal, but falls far short of what needs ...
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Is There A Way To Save The Banks And NOT The Criminal Banksters?
DownWithTyranny! —
... , even if our stupid political class is too afraid of the word. Nobel Prize winning Economist Joseph Stigliz, former chief economist for the World bank, published a proposal in this week's Nation, A Bank Bailout That Works, that makes far more sense-- at least for the American people-- than what the axis of evil has undertaken. ...
Your Abbreviated Pundit Round-up
Daily Kos —
... Depression. As a result, Mr. Obama’s promise that his plan will create or save 3.5 million jobs by the end of 2010 looks underwhelming, to say the least. It’s a credible promise — his economists used solidly mainstream estimates of the impacts of tax and spending policies. But 3.5 million jobs almost two years from now isn’t enough in the face of an economy that has already lost 4.4 million jobs, and is losing 600,000 more each month. Joseph Stiglitz: The news that even Alan Greenspan and Senator Chris Dodd ...
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Another bailout in the works?
politico.com 1/20/2009 — A top Hill staffer predicts Obama could be forced to seek more money even before the President’s Day recess.
How it works
maggiesfarm.anotherdotcom.com 4/22/2009 — From Dr. Sanity:
Bank Bailout to Cost Taxpayers $2 Trillion
money.co.uk 2/20/2009 — The UK Government’s recent bailout of struggling financial giants Royal Bank of Scotland and Lloyds TSB looks set to add between £1 trillion and £1.5 trillion to national debt, figures out today have revealed.
Obama Administration Will Unveil Bank Bailout Plan on Tuesday
blogs.abcnews.com 2/8/2009 — During our interview on "This Week" President Obama's top economics adviser Larry Summers said the Obama administration will unveil its bank bailout plan on Tuesday of this week. Treasury Secretary Tim Geithner had planned to unveil how the remainder ...
The right way to create a good bank and a bad bank
woodwardhall.wordpress.com 2/23/2009 — Policymakers continue to struggle to figure out how to turn a troubled bank into a good bank and a bad bank. Under the good-bank/bad-bank policy, the good bank will operate free from concerns about troubled assets, because these assets will be held ...
$4 Trillion Bank Bailout?
calculatedriskblog.com 1/29/2009 — From CNBC: Bank Bailout Could Cost Up to $4 Trillion: Economists Goldman Sachs estimated that it would take on the order of $4 trillion to buy troubled mortgage and consumer debt. That number could shrink if the program were limited to only certain ...
Simon Johnson On Bank Bailout Plan
npr.org 3/6/2009 — Fresh Air from WHYY , March 3, 2009 Simon Johnson helped shape the International Monetary Fund's response to worldwide financial turmoil as the organization's economic counselor and director of the research department, a position he held from March ...
How to set up a new ‘good bank’
blogs.ft.com 2/22/2009 — My ‘Good Bank’ proposal (see (1), (2), (3), and (4), and related proposals by Joseph Stiglitz, George Soros and Paul Romer) appears to be getting some attention if not yet traction in a number of European capitals and in Washington. ...
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