Finance for Our Times
By GAIL COLLINS
NYT
How do we feel about the Obama administration’s bank bailout plan?
Tough. The economic crisis is the most important current event there is. But when you see Alan Greenspan on TV announcing that he can’t quite get his head around collateralized debt obligations, there’s a definite temptation to throw in the towel and change the subject.
No, we’re made of stronger stuff. We’re citizens, darn it.
As we’re all supposed to know, the Obama plan revolves around the creation of a public-private investment fund to help the banks sell off their toxic assets.
(More here.)
NYT
How do we feel about the Obama administration’s bank bailout plan?
Tough. The economic crisis is the most important current event there is. But when you see Alan Greenspan on TV announcing that he can’t quite get his head around collateralized debt obligations, there’s a definite temptation to throw in the towel and change the subject.
No, we’re made of stronger stuff. We’re citizens, darn it.
As we’re all supposed to know, the Obama plan revolves around the creation of a public-private investment fund to help the banks sell off their toxic assets.
(More here.)
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