Improving the inevitable big bailout

By: Dan Spencer (Diary)  |  September 27th at 11:14 AM  | 

My biggest concern with the proposed $700 billion bailout of the financial system is that it might not solve the credit crunch because it provides less than sufficient means to ensure financial institutions are able to raise capital, nor does it contain enough incentives to convince financial institutions to become more willing to lend. Five University of Chicago’s Graduate School of Business professors, Douglas Diamond, | Read More »