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Krugman, Don't Throw the Baby Out with the Bathwater Just Yet

Krugman is flat out wrong because he is shortsighted in his assessment of the consequences. Consider what happened when Lehman failed and ask what will happen if the USG nationalizes the banks - mass arteriosclerosis in the financial system would result. And the impact of that on the economy would be disastrous.

Bad Bank, Bad Idea; Good Bank, Good Idea

This is not a reasoned article. Without knowing how the Treasury Secretary is going to induce private equity pools to buy the assets which are toxic to the banks and therefore the country, his plan is impossible to judge. Perhaps the author has open shorts on bank stocks.

The Shifting International Picture

What is the point, given that next month the bar chart could be much different.