9.3.09

Bloomber writer sees Manchurian Candidate

Some good points in this piece by Kevin Hassett over at Bloomberg. A choice excerpt:

He might discourage private capital from entering the financial sector by instructing his Treasury secretary to repeatedly promise a brilliant rescue plan, but never actually have one. Private firms, spooked by the thought of what government might do, would shy away from transactions altogether. If the secretary were smooth and played rope-a-dope long enough, the whole financial sector would be gone before voters could demand action.

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