Council of Councils
Think Global Health
Online Store
Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
Proposals for Wall Street
More on:
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.
Wyplosz: Why Paulson Is (Maybe) Right (voxeu.org)
Zingales: Why Paulson Is Wrong (voxeu.org)
Calomiris: Matched Preferred Stock Plan
More on: