Profile cover photo
Profile photo
The Baseline Scenario
199 followers -
Commentary on the global economy
Commentary on the global economy

199 followers
About
Posts

Post has attachment
My latest Atlantic column is out. This one is on how we should think about the AIG bailout and the government's "successful" sale of its majority stake. In short, of all the bailouts, AIG was the "good" one: shareholders were highly diluted, management was fired, and taxpayers got a majority stake. There were also problems, like using AIG as a way to funnel cash to Goldman and its ilk. But the big problem with the government's overall strategy was that it didn't take the same approach with the megabanks, instead extending cheap loans and asking for almost nothing in return.

Welcome to our new Google+ page. As Google+ does not allow auto-generation of content (from the blog and Twitter), we're not sure how we'll be using this page. Suggestions are welcome, if you can figure out how to make them.
Wait while more posts are being loaded