Sunday, January 4, 2009

How to Repair a Broken Financial World

Michael Lewis and David Einhorn
New York Times
January 3, 2009


Mr. Paulson must have had some reason for doing what he did. No doubt he still believes that without all this frantic activity we’d be far worse off than we are now. All we know for sure, however, is that the Treasury’s heroic deal-making has had little effect on what it claims is the problem at hand: the collapse of confidence in the companies atop our financial system.

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