Pitfalls of the Paulson Plan

Carmel Jonathan

The Economists' Voice, 2008, vol. 5, issue 5, 5

Abstract: Jonathan Carmel explains that the auctions on which the Paulson plan relies are no magic bullet, and the problems of adverse selection that are causing the banks trouble could continue after $700 billion is spent.

Date: 2008
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DOI: 10.2202/1553-3832.1423

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