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2009-03-22 Home Front Economy

Romer: Krugman's Criticism of Toxic Assets Program "Unfair"

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Posted by tipper 2009-03-22 15:02|| || Front Page|| [11 views ] Top

#1 Nothing a toxic asset cleanup can't solve...move along now...more yellow tape instead of red.

Posted by Muggsy Glink 2009-03-22 18:07|| 2009-03-22 18:07|| Front Page Top

#2 Krugman? Who's he? And why is a public official "responding" to this person?

OK, Christina, as an economist I'd love to have you explain to me how the guvamint is gonna price anything on the planet more effectively than the market.

We are trying to help the taxpayer by using the expertise of the market by trying to set the price for these toxic assets

Huh? Let the expertise of the market - in this case as in many others, just of lesser magnitude - find a way to price assets. Howz guvamint gonna help that?

Aside from coordinating and allowing one-off, supervised get-togethers and the like by entirely private entities of the sort that are normally a no-no (collusion and anti-trust, etc.) I've never understood how guvamint has believed they have much of a role here (that goest back to Sept. and the Paulson Panic).

Posted by Verlaine 2009-03-22 19:53|| 2009-03-22 19:53|| Front Page Top

#3 using the expertise of the market by trying to set the price for these toxic assets

Meaningless gobbledegook.

They are toxic assets precisely because the market (absent the government as a buyer) pays a very low price on them.

Posted by phil_b 2009-03-22 20:17|| 2009-03-22 20:17|| Front Page Top

#4 Ms. Romer looks like Wm H. Macy + 100 lbs and a sex change. She is also a blatant liar and Obama shill

Posted by Frank G 2009-03-22 21:15|| 2009-03-22 21:15|| Front Page Top

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