And should this be the strategy for the U.S.?
The former research director of the IMF analyses the bank bailout plan and its alternatives:
Simon Johnson on Bank Bailout Plan
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This blog is a record of my attempt to understand the current economic situation, what got us into it, and what the government and businesses are doing to deal with it. As it is an effort to comprehend and not to advocate, it will not include any op-ed pieces. I'll do my best to provide a balanced picture, but as it follows my own interests, it will follow my own biases in research. Please use this information to make up your own mind.
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