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Now Long Island, near the Hamptons is on fire – WTF is going on?
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We have another massive wildfire outbreak.. Now it’s Long Island, New York
near the Hamptons… This one defies logic. New
The post Now Long Island, near t...
15 hours ago
The analysis is a little more nuanced than your short description portrays. Here are two interesting quotes:
ReplyDelete"These results do not allow us to conclude that the plan was useless: it could have succeeded in helping the economy through other channels, for instance by stopping investors’ panic."
"We find that the revised Paulson plan is the most expensive for the taxpayers, but it limits the value at risk and the Government ownership of banks."
The latter quote implies trade offs inherent in any policy.
Also, inaction could have made things a lot worse. Look at Iceland for an idea of how bad it could get.
@Sean:
ReplyDeleteIt's all steamer. But giving more money to proven losers smacks of insanity.