Random Thoughts About International Finance and the Global Economy
Monday, September 22, 2008
Kayshap and Diamond on Bailouts and Lehman Brothers
Anil Kayshap and Douglas Diamond had a very good guess post at Freakonomics on the rationale behind the bailouts of Fannie and Freddie and AIG, and the decision to let Lehman collapse.
My blog focuses on issues of international finance and the global economy. It is intended for the benefit of my students and any other visitors who might show up at the site.
I am a Professor of Economics at the Pennsylvania State University and a Non-Resident Senior Fellow at the Brookings Institution. I am also a founder and Member of the Board of Directors of the New Economic School
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