Random Links XXVII

Financial Crisis:

http://www.housingwire.com/2008/12/22/the-blame-game-redux/

India Bank Regulation:

http://www.nytimes.com/2008/12/20/business/20nocera.html

Bank Recapitalization Debated:

http://www.economist.com/finance/displayStory.cfm?story_id=12813430

http://www.economist.com/blogs/freeexchange/greenspan_roundtable/

Chinese Downfall:

http://www.nakedcapitalism.com/2008/12/guest-post-how-can-no-one-see-imminent_23.html

http://blogs.telegraph.co.uk/ambrose_evans-pritchard/blog/2009/01/15/will_china_lead_the_world_into_depression

Asymmetric Information, Ratings, & Guarantees:

http://economistsview.typepad.com/economistsview/2008/12/the-value-of-re.html

http://economistsview.typepad.com/economistsview/2008/11/the-need-for-re.html

http://brontecapital.blogspot.com/2008/11/brad-delong-question-and-how-to-design_24.html

http://economistsview.typepad.com/economistsview/2008/11/how-to-design-a.html

http://falkenblog.blogspot.com/2009/01/taking-things-for-granted.html

http://blogs.ft.com/wolfforum/2008/10/recapitalising-the-banks-is-not-enough/

http://www.portfolio.com/views/blogs/market-movers/2009/01/06/the-problem-of-regaining-trust

Thoma (first couple links, above) brings up an important point:  even after we put down insolvent banks, it will likely take some time before credit begins flowing normally once again.  During that time, government assistance to solvent banks might be necessary IOT get the latter lending again.

Laissez-Faire Recovery:

http://www.nytimes.com/2009/02/20/opinion/20krugman.html

Japan Downfall, Illustrated:

http://www.newsneconomics.com/2009/02/japan-is-taking-beating.html

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