Year: 2008

The end of the series and where I get into the really wishful thinking.

Ever since the meltdown a week or so back, economists and Wall Street analysts have been thinking and talking about a variety of alternatives to the Paulson plan and fortunately for me, these people have been writing all over the internet. I’m sharing some of the ideas I’ve read as links below, because we were all deprived of the opportunity to think about and weigh any options. Again, I don’t doubt that there is a real crisis here. And maybe we need to put some money into a fix. But if something is to be done, it should be in a way that actually provides some reassurances that we won’t be back in the same bind anytime in our lifetimes. And if something is to be done, then Congress and the Administration can speak to us like the tax-paying adults we are to ask for some considered support, and not more fearmongering. So here goes:

OK, this is just funny and we need a breather, but no one with any management skills at all tries to quell a real crisis this way.

More seriously, if I were a Nobel Prize winning economist this is what I would have to say about the Paulson business. As they say, read the whole thing: