Will Hutton writes in his Observer column that "big public stakes in banks and offer guarantees to the interbank market [...] is a necessary condition for stabilisation [but] it is
Tony Curzon Price (openDemocracy, London):Paul Krugman has a simple model of the crisis that is a pretty useful tool to think about what is happening and what should be
I posted Gideon Rachman's FT column on oD's The World link-watch page on diigo earlier today. Gideon writes:
Investment bankers, the shock- troops of the Reagan-Thatcher
The essence of the de-leveraging crisis
Tony Curzon Price
October 7th 2008
Paul Krugman has a simple model of the crisis that is a pretty useful tool to think about
Sounds like a firm of City lawyers -- Krugman, Blinder & Co. In fact, it is half the panel line-up on this excellent film of the Princeton Economics Department panel
The progressive pressure group Campaign for America's Future - the left counterpart of the centrist Democratic Leadership Council - welcomed the House's rejection of the bailout
My note to Willem Buiter on his praise of the Fortis "nationalisation":
Dear Professor Buiter,
I agree that Fortis shows that the worry - expressed just today by
Yesterday, I (and many others, I imagine) were surprised to discover how polarised American politics really is. Tactical explanations of the vote abound--Mark Thoma points to Bloomberg's report
There's a huge amount of excellent and important commentary on the financial crisis. I have collected together the RSS feeds I'm using in 4 netvibes tabs
Tony Curzon Price (London, oD): Gamekeeper Hank Paulson has asked taxpayers to put up $700bn of risk capital to spend on his erstwhile and future colleagues on Wall Street. He
