https://hotair.com/headlines/archives/2009/03/21/democratic-disarray-krugman-dumps-all-over-geithners-rescue-plan/feedHotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usFri, 10 Apr 2026 17:28:31 -0400<![CDATA[But it’s immediately obvious, if you think about it, that these funds will have skewed incentives. In effect, Treasury will be creating — deliberately! — the functional equivalent of Texas S&#038;Ls in the 1980s: financial operations with very little capital but lots of government-guaranteed liabilities. For the private investors, this is an open invitation to play heads I win, tails the taxpayers lose. So sure, these investors will be ready to pay high prices for toxic waste. After all, the stuff might be worth something; and if it isn’t, that’s someone else’s problem.]]>Sat, 21 Mar 2009 12:00:19 -0400<![CDATA[Allahpundit]]>https://hotair.com/headlines/2009/03/21/democratic-disarray-krugman-dumps-all-over-geithners-rescue-plan-n67858