US financial rescue Plans A through G
Thursday, October 16, 2008 at 11:39AM
Skeptic in Sub-prime Mortgage Melt-down
This short essay by Brad DeLong in the Guardian summarizes in very accessible fashion the six strategies that the US government has so far used to try to stabilize the financial system and the real economy. The first five failed, and the sixth has just been put in motion. Brad thinks #6 will work but describes #7 in case it doesn't.
Update on Thursday, November 13, 2008 at 09:47PM by
Skeptic
Plan G is an "enormous government infrastructure building programme." We're hearing calls for that in recent weeks. Because confidence in Plan F is fading?
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