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Plan B

Author

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  • Zingales Luigi

    (University of Chicago)

Abstract

As Paulson's and the world's confidence in the original rescue plan has waned, Luigi Zingales, a finance professor from the University of Chicago, who early on opposed the Paulson plan, presents Plan B. Plan B is an innovative approach for dealing directly with the foreclosure crises which avoids the costs and moral hazard problems of other proposals, together with a prepackaged bankruptcy/recapitalization proposal inspired by Lucian Bebchuk.

Suggested Citation

  • Zingales Luigi, 2008. "Plan B," The Economists' Voice, De Gruyter, vol. 5(6), pages 1-5, October.
  • Handle: RePEc:bpj:evoice:v:5:y:2008:i:6:n:4
    DOI: 10.2202/1553-3832.1446
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    Cited by:

    1. Zhang, Yan, 2013. "Does loan renegotiation differ by securitization status? A transition probability study," Journal of Financial Intermediation, Elsevier, vol. 22(3), pages 513-527.
    2. Rötheli, Tobias F., 2010. "Causes of the financial crisis: Risk misperception, policy mistakes, and banks' bounded rationality," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(2), pages 119-126, April.

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