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I seem to recall Krugman saying back when this plan was broached that spending the money on toxic assets would have little effect compared to using the money for capital infusions.

Reality-based - the new black?

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt št gmail dotcom) on Tue Nov 18th, 2008 at 04:10:47 AM EST

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