US Bailout bill, TARP, and economists' and journalists' reactions
September 29, 2008 11:00 AM Subscribe
Following the recent preciptious downturn in the US banking sector, a compromise draft bill is going to a vote in Congress today. The text of the bill [110-page pdf]; The Wall Street Journal's summary of the bill; an open-for-comments public analysis of the bill at publicmarkup.org. Some questions answered and unhappy acceptance from economist and NYT columnist Paul Krugman; a strenuous rejection from Nouriel Roubini; via same, an IMF study of 42 banking crises from 1970 through 2007; further criticism from Nomi Prins for Mother Jones.
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