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blogs.wsj.com - 2/11/2009
Real Time Economics : Economists React: Treasury Announcement Fails to Satisfy
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Economists and others weigh in on the Treasury Department’s latest proposal to prop up the financial system . A major disappointment . The new plan discussed some of the ideas that have been floated in the media over recent days, and delivered some cosmetic re-labelling of existing programs, but ...

Blog Reactions

SCSUScholars:  Vaporware as bank regulatory policy

Weekly Standard Blog:  Geithner Fails to Impress

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Blog Reactions

Vaporware as bank regulatory policy
SCSUScholars — ... will carry a dividend to be specified later and a conversion price set at a modest discount from the prevailing level of the institution’s stock price as of February 9, 2009. Banking institutions with consolidated assets below $100 billion will also be eligible to obtain capital from the CAP after a supervisory review. That appears in some way to be a continuation of the Paulson Plan of recapitalization and then, as Jim Hamilton says, hope for the best. This is not impressing economists. Worse, there's very little in the way of clarity on the ...

Geithner Fails to Impress
Weekly Standard Blog — ... If yesterday marked Geithner's first public test, then the judgment of the Obama vetting team is called into question. The Wall Street Journal helpfully compiles a number of reactions to today's TARP II announcement: ...

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