Global Investing

Not everyone a fan of the ‘Paulson plan’ to mop up toxic debt

By Emily Church
September 19, 2008

Wall Street’s cheering the Paulson Plan – a multi-billion-dollar taxpayer-funded effort to contain the credit market crisis. But a backdraft is underway in the blogosphere. Strategist-blogger Barry Ritholtz lays it out here in The Big Picture:

What do you think of the ‘Paulson Doctrine’ ?

By Emily Church
September 17, 2008

Some financial firms, but not all, will be saved. The pattern was set with Bear Stearns in March and repeated with Fannie,  Freddie and AIG this month — but not Lehman Brothers. Information Arbitrage lays it out this morning here.