Letter: Another Take on "Why Paulson is Wrong"

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.

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Year of publication:	2008
Authors:	Barton, Allen
Published in:	The Economists' Voice. - Berkeley Electronic Press. - Vol. 5.2008, 5, p. 9-9
Publisher:	Berkeley Electronic Press
Subject:	Paulson \| financial crisis \| mortgages \| subsidies

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Extent:	application/pdf
Type of publication:	Article
Notes:	oai:bepress:
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005459245