Entries from September 2008

  • Understanding the Treasury’s Bail out plan: If you want to understand the Treasury’s proposal that we give them $700 billion without oversight, accounting or court review and then they um something something with the money, Peter Orszag is your best bet. I’m no financial expert, but I watched his testimony today and was blown away with how easy he is to understand – if you’ve been following this stuff up until now, anyway. Now I get how the plan could possibly work ... READ MORE