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March 23, 2009

The new TARP plan?

We're still evaluating today's Treasury proposal (main financialstability.gov site (note: items scroll down as new ones added, but this program is at the top today)) to create a public-private partnership to purchase toxic assets of failed banks. At least two economists, Dean Baker and Paul Krugman, believe that its incentives still favor investors over taxpayers. Nevertheless, on the New York Times website, the lead story is Markets Leap More Than 6% on Details of Bank Rescue.

Posted by Ed Mierzwinski at March 23, 2009 04:03 PM


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