Paul Krugman's Bailout Dissent - Media Column - Howell Raines - Portfolio.com
An interesting piece from Portfolio that looks at Krugman's prescience in arguing for real nationalization through the treasury's acquisition of equity stakes in struggling institutions. Makes a LOT more sense to me than much of the activity in the last 2 months. It worked in Sweden once before, as well as elsewhere.
10 months ago
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