Why the Paulson plan is not a rescue in 31 words or less

“The central bank action treats a symptom of the disease, not the disease itself,” said Stephen Lewis, chief economist at Insinger de Beaufort. “It is a palliative. At root, there is no way of imbuing worthless financial claims with value.”

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/19/ccambrose119.xml

 

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