Bailouts, Buy-Ins, and Ballyhoo
The bailout strategy now being pursued by Treasury under the recently authorized Troubled Asset Relief Plan, if "strategy" it can be called, remains obscure and erratic at best. All the while markets remain jittery and credit remains tight, as the underlying source of our present financial jittersâcontinued decline in the housing market and still mounting foreclosuresâgoes unaddressed. This piece proposes an interesting and novel approach to solving the financial problem. If it works out, it would eventually minimize the cost to the government.
Volume (Year): 52 (2009)
Issue (Month): 2 (March)
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