Wall Street's Desperation: Why Congress Will Kill the Bank Rescue

by Benjamin Domenech on 1:52 am March 25, 2009

Reinhart hashes out problems with Geithner’s carrot and stick solution, which on closer examination follows greatly in the stumbling footsteps of Hank Paulson: “What are the right prices for troubled assets? To believe that the solution lies in harnessing the public and private sectors in tandem shows a misunderstanding of these sectors’ incentives.”

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