What the Paulson bailout means: Sink the taxpayer or sink the banks (very nice flow of funds approach even though the idea is now obvious to everyone)
An option to leave the ban on short selling naked
Why do Bernanke and Paulson think that hold-to-maturity prices are higher than current market prices for MBSs?
A good summary of how banks have transferred credit risk
A very good introduction to credit derivatives
What went wrong in six steps (the article is about fixing but summarizes how we ended up here quite well)- for an even simpler four-step version, see Krugman
Academic economists do not like the Paulson plan at all... But is their criticism justified?
Wednesday, September 24, 2008
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