Summary

As Paulson's and the world's confidence in the original rescue plan has waned, Luigi Zingales, a finance professor from the University of Chicago, who early on opposed the Paulson plan, presents Plan B. Plan B is an innovative approach for dealing directly with the foreclosure crises which avoids the costs and moral hazard problems of other proposals, together with a prepackaged bankruptcy/recapitalization proposal inspired by Lucian Bebchuk.

Recommended Citation

Zingales, Luigi (2008) "Plan B," The Economists' Voice: Vol. 5 : Iss. 6, Article 4.
DOI: 10.2202/1553-3832.1446
Available at: http://www.bepress.com/ev/vol5/iss6/art4