Nobody is happy about
the terms of
the Citi group bailout, which appears to be a simple handover of cash with no strings attached at all. When we give a company $7 billion more than it's actually worth because it's "too big to fail," that shouldn't be
giving anymore—that should be
buying.
Mark Thoma has your link roundup, with more commentary from
Matt Yglesias,
Paul Krugman,
Kevin Drum, and
Marginal Revolution. The word of the day, you'll find, is "ugh."
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