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Letter: Another Take on "Why Paulson is Wrong"

  • Allen H Barton
Published/Copyright: September 25, 2008
The Economists' Voice
From the journal The Economists' Voice Volume 5 Issue 5

Paulson proposes a top-down solution to the financial crisis by government purchase of bad loans from the lenders to "clean" their balance sheets. But, Barton suggests, a bottom-up solution would be a subsidy to borrowers to ensure full payments, restoring the value of the "toxic assets," thereby cleaning up.

Published Online: 2008-9-25

©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston

Articles in the same Issue

  1. Column
  2. Investment Banking Regulation After Bear Stearns
  3. Why Paulson is Wrong
  4. Dr. StrangeLoan: or How I Learned to Stop Worrying and Love the Financial Collapse
  5. Questioning the Treasury's $700 Billion Blank Check: An Open Letter to Secretary Paulson
  6. Auction Design Critical for Rescue Plan
  7. A Better Plan for Addressing the Financial Crisis
  8. Please Think This Over
  9. Good Bailouts and Bad
  10. We Aren't Done Yet: Comments on the Financial Crisis and Bailout
  11. Quashing the Financial Firestorm
  12. Pitfalls of the Paulson Plan
  13. Letter
  14. Letter: Another Take on "Why Paulson is Wrong"
  15. Letter: How to Drink the Sub-Prime Kool-Aid
  16. Letter: Republican Opposition to Debt Reduction in Financial Crises--The Great Depression and Today
  17. Letter: The Dangers of Forgetting Moral Hazard
  18. Letter: The Bailout and What Next
https://doi.org/10.2202/1553-3832.1410

Articles in the same Issue

  1. Column
  2. Investment Banking Regulation After Bear Stearns
  3. Why Paulson is Wrong
  4. Dr. StrangeLoan: or How I Learned to Stop Worrying and Love the Financial Collapse
  5. Questioning the Treasury's $700 Billion Blank Check: An Open Letter to Secretary Paulson
  6. Auction Design Critical for Rescue Plan
  7. A Better Plan for Addressing the Financial Crisis
  8. Please Think This Over
  9. Good Bailouts and Bad
  10. We Aren't Done Yet: Comments on the Financial Crisis and Bailout
  11. Quashing the Financial Firestorm
  12. Pitfalls of the Paulson Plan
  13. Letter
  14. Letter: Another Take on "Why Paulson is Wrong"
  15. Letter: How to Drink the Sub-Prime Kool-Aid
  16. Letter: Republican Opposition to Debt Reduction in Financial Crises--The Great Depression and Today
  17. Letter: The Dangers of Forgetting Moral Hazard
  18. Letter: The Bailout and What Next
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