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The Baseline Scenario
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The Baseline Scenario

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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.´╗┐
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Have them in circles
203 people

The Baseline Scenario

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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.´╗┐
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Or even schedule hangouts for questions and/or conversations´╗┐
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Commentary on the global economy
Introduction
The Baseline Scenario is an economics and public policy blog written by Simon Johnson and James Kwak. We also wrote 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, a history and analysis of the political dimensions of the recent financial crisis.