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Sheesh.
My take: I think Paulson's credibility with the financial markets has been exhausted. Now I am not sure what the magic solution was. Maybe some recapitalization of key players plus an Uncle Sam-led home refinancing plan. Or maybe a) suspending mark to market, b) a zero capital gains tax for the next five years, and a corporate income tax holiday.

Wow. What insight. Reduce taxes.
 
But I will give this to Paulson: He does strike me as a guy who is working himself near death to deal with an amazingly tough problem.

- James Pethokoukis
 I can agree with the last--Paulson's giving it his best shot. But through those good old neolib, market-as-God glasses, Paulson's useless.

Capitalism searches out the darkest corners of human potential, and mainlines them.

by geezer in Paris (risico at wanadoo(flypoop)fr) on Wed Nov 19th, 2008 at 11:13:04 AM EST
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