EPISODE · Sep 26, 2008 · 7 MIN
Paulson's plan was not a true solution to the crisis
from FT Martin Wolf
The US Treasury secretary views the core challenge as illiquidity, not insolvency. By creating a market for toxic assets, he hopes to halt the spiral of falling prices and bankruptcies. But the scheme is neither necessary nor efficient, says Martin Wolf Hosted on Acast. See acast.com/privacy for more information.
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Paulson's plan was not a true solution to the crisis
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