The infamous Geithner Plan is not sitting well with me. I hope it works, but something keeps gnawing away at me and prevents me from endorsing it. The problem is that even if the plan works we are still left looking at a financial system littered with undercapitalized banks. Geithner’s Plan doesn’t address this lack […]

Lost in all the huffing and puffing over the Geithner Plan and those bonuses is the simple but certain problem that the regulators faced back when AIG tottered towards failure: the US, unlike most other countries, has no legal framework for dealing with the public winding up of a non-bank financial company at the Federal […]

This debate at the New York Times is worth reading and following. It gives an insight into the way that some top economists are viewing the problems that ail the banking system, and the likelihood of the Geithner plan solving those problems. The participants are Krugman, DeLong, Thoma, and Johnson, all of whom maintain solid […]