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Written by Simon Johnson
June 15, 2009 at 8:17 am
Writing in the Washington Post this morning, Tim Geithner and Larry Summers outline a five point plan for dealing with the underlying problems in our financial system, entitled A New Financial Foundation.
The authors are not completely clear on what they think caused the current crisis, but you can back out some points from their reasoning – and the implicit view seems quite at odds with reality.
Today’s Foundation, Tomorrow’s Crisis: The Geithner-Summers Proposals « The Baseline Scenario
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