Wednesday, October 01, 2008

So Happy to Buy Toxic Assets

I'm so glad that we're going to be buying up all of these empty condos and "efficiently" built homes in prime locations because this was such a good idea in the first place. There are of course thousands of fixed-income retirees and well-heeled people working in theme parks and fast food restaurants who are just jumping at the chance to pay the asking price for these places. If there's no room in one of these condos, they might look into living in one of the huge water-guzzling homes set out in the middle of a desert. The government should get preferred shares from the banks for what we chip in...

Miami Condos

Polluted waters become developers' dollars --

Pricy Las Vegas homes quickly lose their luster - Los Angeles Times

Who's running this place? Eight alternatives to a $700Bn giveaway:

Ten Steps To Recovery -

Lessons from Another Crisis: Why Providing Debt Relief for Households is Not a Good Idea - Brookings Institution

Edward Leamer - Alternative

Lucian Bebchuk - A Plan for Addressing the Financial Crisis by Lucian Bebchuk

Andy Xie - alternative

Wilbur Ross - Alternative

James K. Galbraith, "A Bailout We Don't Need"

Avinash Persaud: Paulson's bail-out plan places too much burden on taxpayers instead of creditors | Comment is free |