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.
Tuesday, September 23, 2008
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