Krugman Does Not Like The Plan
Mon, 03/23/2009 - 12:05
Krugman has come out in an unabashedly negative view of the administration's plan:
http://www.reuters.com/article/GCA-CreditCrisis/idUSTRE52M4SS20090323
What intrigues me is:
Why is the market so enthusiastic about it? I guess it's good for valuations in that the banks are just getting a trillion free dollars, in essence. But I don't think it's good for the economy.
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