Krugman pans the leaked Geithner plan
Nobel Laureate Paul Krugman says the plan will create the functional equivalent of Texas S&Ls in the 1980s: financial operations with very little capital but lots of government-guaranteed liabilities.
Offering asides, recommended links, blogworthy quotations, and more, In Brief is the Northwest Progressive Institute's microblog of world, national, and local politics.
Krugman pans the leaked Geithner plan
Nobel Laureate Paul Krugman says the plan will create the functional equivalent of Texas S&Ls in the 1980s: financial operations with very little capital but lots of government-guaranteed liabilities.