Serving the Quantitative Finance Community

 
User avatar
torontosimpleguy
Topic Author
Posts: 0
Joined: July 12th, 2004, 5:51 pm

Banking industry vs. Auto industry

April 1st, 2009, 1:43 pm

QuoteOriginally posted by: fars1d3sAnd public (Congressional) pressure forced then-Treasury Secretary Hank Paulson to abandon the toxic assets plan, and instead employed the recapitalization plan that everyone (Soros) demanded.I was thinking about Paulson after I praised Summers here.On one hand, Paulson is a successful practitioner.On the other hand, his buddy Geithner is still bringing private-public partnership up to now.So, my opinion is that it is still Summers' plan while Paulson was instinctively (but not consistently since he let few banks to fail) working in the same direction.P.S. About Soros: he was in the "nationalization" camp. So, I don't give him a "full" credit here
Last edited by torontosimpleguy on March 31st, 2009, 10:00 pm, edited 1 time in total.