September 22, 2008

Felix Salmon raises questions about the plan to "give Hank Paulson $700 billion, let him buy up mortgage-related toxic waste, and thereby rescue the banks and save the global financial system" and string-cites a sampling of hostile blogosphere reaction (more); Yves Smith at Naked Capitalism rounds up more hostile reaction (also note this great roundup typo, "Robert Knutter" -- the "K" is presumably silent); Volokh conspirators assail it here, here, and here; Becker (with reply from Posner); Michelle Malkin; NYT Opinionator; Calculated Risk at least thinks the problems might be fixable.