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Geitner's dividend rate is "to be determined". On a case-by-case basis, presumably.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Feb 10th, 2009 at 04:22:08 PM EST
[ Parent ]
"X% over the most recent 10 year Treasury bond rate"

Done, everyone knows where they stand. "Open and transparent".

It seems like it takes more than a cabinet level post to take the student of Larry Summers away from the Wall Street insider operating assumptions.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue Feb 10th, 2009 at 04:50:35 PM EST
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