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Proposals for Wall Street

by
September 22, 2008

As the graph above indicates, the markets’ perception of the risk of failure increased following the bankruptcy of Lehman Brothers. The Wall Street crisis has demonstrated the need for a systematic solution rather than case-by-case bailouts. Secretary Paulson has responded with a plan to create a $700 billion fund to buy up troubled assets from banks. The articles below discuss the risks involved and propose alternative solutions.

The Paulson Plan
The Dodd Plan
Wyplosz: Why Paulson Is (Maybe) Right (voxeu.org)
Zingales: Why Paulson Is Wrong (voxeu.org)
Calomiris: Matched Preferred Stock Plan
Wolf: Paulson’s Plan

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