Sunday, October 12, 2008

Paulson ends up channeling the Economists, too

Well, this author has it nailed it down pat
They said a wiser course -- the one the Treasury now seems to have come around to -- was for government to rebuild the badly depleted cash levels on bank balance sheets. That would cushion institutions against future losses, giving them the wherewithal to lend again

That's alright, at least something is getting done.

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