The PPIP Reading List
I can't exactly explain why I am so fascinated by the Treasury's PPIP plan, but I am. I was also fascinated by the RTC back in the day but had no involvement with it. I love the idea that one man's toxic asset can be another man's (or woman's) gold.
Yesterday, I asked everyone for their opinions on this plan and I got a bunch in the comments. We also heard from JLM, who called it "Dr Tim's Excellent Elixir". I promised that I would publish links to posts everyone liked and I got a ton of them.
So here are some highly recommended posts from the AVC community. Just in time for your Sunday morning reading pleasure.
Umair Calls It A "Financial Coup D'Etat
Simon Johnson, former chief economist of the IMF, wrote the post that inspired Umair
Brooks Jordan Says It's Political Problem
Mark Sigal Outlines The Juxtapositions
Whitney Tilson Talks About the ARM Issue
Joe Nocera Says The Plan Could Work
Krugman Thinks It Is "More Of The Same"
Rortybomb on "Looting The FDIC"
Kid Dynamite on "seller financing"
Jeff Sachs on the "perils of price discovery"
I am sure I'll get more links sent to me and I'll try to post them here.