What Experts Are Saying About the Bail Out

Some reactions to the Bush administration proposal for granting unfettered authority to the Treasury Department to buy up to $700 billion in distressed mortgage-related assets from private firms: Dean Baker, Paul Krugman (1, 2, 3), CalculatedRisk, Douglas Elmendorf, Ed Paisley, Henry Blodget, Yves Smith, Mish, Willem Buiter, Luigi Zingales, William Greider, Sebastian Mallaby, Robert Reich.