16
Oct

And now, plan B

Escrito el 16 octubre 2008 por Francisco López Lubián en Uncategorized

As expected, american government announced in october 13th what we can call plan B in rescue for financial institutions. We have to remember that the bill approved at the begining of october allowed the american treasury secretary to acquire mortgage-related assets either in auctions or direct purchases, and if they are short of capital, to put equity into weakened financial institutions. With this plan B, the government will invest $250 billion in newly created bank stocks.

Is this plan B better than the original plan A? I believe it is.

The problems with plan A (acquiring mortgage-related assets) have been discussed here before. Let

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