Tuesday, September 23, 2008

Mr Paulson and Mr Bernanke Testify Before Senate Banking Committee

Apparently the blackmail doesn't work. What do you expect from a plan that doesn't have accountability? Not to mention 'moral hazard'.

Links:
NY Times: Buyout Plan for Wall Street Is a Hard Sell on Capitol Hill.
The blogs are a blazed with outrage Krugman, CR, Freakonomics, even Tyler is cynical with hanky-panky.

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