October 3, 2008

An Alternative Approach to the Bailout: Enable Fast Recapitalization

Lynne Kiesling Fast recapitalization, removing the signaling penalty by having the government require banks to stop giving dividends in the short run … those are the kind of policies that economists have been discussing, fleshing out, and encouraging over the past two weeks. Of course, the challenge to those proposals is that the parties who …

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