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As clear a short explanation of the two ways of looking
at how we got into this financial mess as I've read yet: http://www.nytimes.com/2009/04/03/opinion/03brooks.html In short, if you believe the greed narrative you'll want to nationalize the banks and have government restructure the financial sector. The Krugman plan. If you believe the stupidity narrative you'll want to keep the essential structures and recapitalize whatever's left that is functioning. The Geithner plan. David Brooks does a fantastic job of explaining what Geithner is up to, far, far better than Geithner does himself. Obama oughta find a place in the White House for this conservative. Something along the lines of Clinton's David Gergen. -- Ken Fortenberry |
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