Extra Credit, Thursday Edition
How to Conjure Up $500 Billion: I have an op-ed in Friday’s NYT on the political realities surrounding the bank bailout, and the way in which the FDIC is the big winner here.
The Quiet Coup: A long, must-read essay by Simon Johnson tying together a lot of the themes he regularly explores elsewhere into one very coherent whole. Sobering.
The purple panda principle of financial regulation: Randy Quarles gives good quote.
The crisis — and Geithner plan — explained: Another Brad DeLong Q&A.
Liquidity and the Current Proposal by the US Treasury: Some smart thinking from David Merkel.
Reprinted from Portfolio.com