Letter: Another Take on "Why Paulson is Wrong"

Barton Allen H
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Barton Allen H: University of North Carolina, Chapel Hill

The Economists' Voice, 2008, vol. 5, issue 5, 2

Abstract: Paulson proposes a top-down solution to the financial crisis by government purchase of bad loans from the lenders to "clean" their balance sheets. But, Barton suggests, a bottom-up solution would be a subsidy to borrowers to ensure full payments, restoring the value of the "toxic assets," thereby cleaning up.

Date: 2008
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DOI: 10.2202/1553-3832.1410

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