It really isn’t all that it as touted to be. We’ve posted some negative analysis before, but there’s continuing debate and discussion over what the Bush Administration and the Banks cooked up.
In today’s New York Times, Paul Krugman explains the Bush mortgage bailout plan, announced last week by Treasury Secretary Henry Paulson. The plan is, as a Times editorial put it yesterday, “too little, too late and too voluntary.” But from the administration’s point of view these failings aren’t bugs, they’re features. In fact, there’s a growing consensus [...]
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