Document Type
Article
Comments
Published in Challenge, vol. 52, no. 2 (March/April 2009).
Abstract
The bailout strategy now being pursued by Treasury under the recently authorized Troubled Asset Relief Plan, if “strategy” it can be called, remains obscure and erratic at best. All the while markets remain jittery and credit remains tight, as the underlying source of our present financial jitters—continued decline in the housing market and still mounting foreclosures—goes unaddressed. This piece proposes an interesting and novel approach to solving the financial problem. If it works out, it would eventually minimize the cost to the government.
Date of Authorship for this Version
4-2009
Keywords
Financial bailouts
Recommended Citation
Hockett, Robert C., "Bailouts, Buy-Ins, and Ballyhoo" (2009). Cornell Law Faculty Publications. 113.
https://scholarship.law.cornell.edu/lsrp_papers/113