Brad DeLong Explains The Geithner Plan
Economist Brad DeLong weighs in with a brilliantly clear explanation of the Geithner Plan. The most interesting part is where he compares the economics of the plan to the costs of hiring hedge fund managers on the standard 2% management fee/20% carry system. You should read the whole thing, but the first two paragraphs alone … Continue reading Brad DeLong Explains The Geithner Plan