Letter: Another Take on "Why Paulson is Wrong"
Paulson proposes a top-down solution to the financial crisis by government purchase of bad loans from the lenders to "clean" their balance sheets. But, Barton suggests, a bottom-up solution would be a subsidy to borrowers to ensure full payments, restoring the value of the "toxic assets," thereby cleaning up.
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Volume (Year): 5 (2008)
Issue (Month): 5 (September)
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