Clark Center Forum

Anil K Kashyap and Jeremy Stein Op-ed The New York Times – Sept. 23rd, 2008 Henry Paulson, the Treasury secretary, has opened the government checkbook and is poised to spend $700 billion to end the financial crisis. What comes next depends on the precise mission and operating powers he and Congress assign the new Treasury […] 

There are alternatives to a massive government bailout of the U.S. financial industry, according to Luigi Zingales–they just would be more costly for financiers and cheaper for taxpayers. Read more >