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The Obama administration is now completely wedded to the idea that there’s nothing fundamentally wrong with the financial system…
Treasury has decided that what we have is nothing but a confidence problem, which it proposes to cure by creating massive moral hazard.
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Despair over financial policy - Paul Krugman Blog - NYTimes.com
Note: I’m waiting for all the right-wing haters to come out and criticize Krugman again as “in the tank” for Obama, et al.
