The Economists' Voice has some timely writing:
Luigi Zingales
There are alternatives to a massive government bailout of the U.S. financial industry, according to Luigi Zingales—they just would be more costly for financiers and cheaper for taxpayers.
Questioning the Treasury's $700 Billion Blank Check: An Open Letter to Secretary Paulson
Aaron S. Edlin
The Treasury wants a blank check for $700 billion, at taxpayer expense; instead a businessman like Buffett should be given the job of making the taxpayers some money out of this mess, according to Aaron Edlin.
Dr. StrangeLoan: or How I Learned to Stop Worrying and Love the Financial Collapse
Aaron S. Edlin
Last week, on Wednesday September 17, 2008, the Bush Administration almost stumbled upon a way to eliminate the U.S. debt and even taxes. Aaron Edlin's ironic take on a world gone mad.
Investment Banking Regulation After Bear Stearns
Dwight M. Jaffee and Mark Perlow
The Bear Stearns bailout created an implicit guarantee that will create a great deal of moral hazard unless we smartly regulate investment banks in a way that doesn't destroy their value; so say Dwight Jaffee and Mark Perlow.
Important announcement directly from the China Banking Regulatory Commission (CBRC): CBRC Spokesperson’s Statement:
Last night’s Reuters report, picked up from the South China Morning Post is wrong. In a report today, Reuters has indirectly retracted their earlier report.
So what has the Chrysler bailout done to help the American Automobile Industry?
Aside from eliminating ALL accountability in Detroit.
Big Auto couldn’t even get rid of Matt Millen, let alone Wagoner or Lutz who are losing Billions a quarter. Encouraging Wall Street to adopt Detroit’s governance/economic model is worse than doing nothing and letting them fail.