You don't have to look very hard to discover someone lamenting the lack of a coherent blueprint for dealing with financial crises. Hank Paulson has publicly called for a legible road map that would allow policy makers to systematically and individually interpret all sorts of diverse financial troubles to assess the appropriate policy response. It's become almost the mantra of pundits discussing the difficult negotiations and diverse outcomes of the failures of Bear Stearns, the government sponsored mortgage companies and Lehman Brothers. But it's dead wrong....MORE
Tuesday, September 16, 2008
DealBreaker on Record as Calling for "Incoherent and Unpredictable Policy Responses to Financial Meltdowns"
Posted by climateer at 1:46 PM