Summary

Jonathan Carmel explains that the auctions on which the Paulson plan relies are no magic bullet, and the problems of adverse selection that are causing the banks trouble could continue after $700 billion is spent.

Recommended Citation

Carmel, Jonathan (2008) "Pitfalls of the Paulson Plan," The Economists' Voice: Vol. 5 : Iss. 5, Article 14.
DOI: 10.2202/1553-3832.1423
Available at: http://www.bepress.com/ev/vol5/iss5/art14