Tuesday, September 23, 2008

The initial mega-bailout (or is it tera-bailout?) proposal by Paulson is NOT good. It's getting a little better. Perhaps I should say it's getting less bad; the big improvement I'm hoping for is the taxpayers getting equity in the companies that are bailed out. (Normally, I oppose the government owning big chunks of the financial industry...)

Update: A long list of bad things about Dodd's alternative proposal.

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