Read them at your leisure:
- Paul Krugman isn’t sure what this says, but he’s working on some optimism. He also recycles a joke that I haven’t heard since the annual Deconstruction Wars at a bookgroup I was addicted to:
What do you get when you cross a Godfather with a deconstructionist? Someone who makes you an offer you can’t understand.
- Martin Wolf thinks it’s too little — he’s a fan of Nationalize Here, Nationalize Now.
- Nouriel Roubini is also a fan of Nationalize Here, Nationalize Now, but recognizes that the political optics are not good for this option.
- Brad DeLong really likes and respects Tim Geithner, but does not think that Tim handed in the assignment he was supposed to.
- Felix Salmon unwittingly bolsters my point about not using the market as a bellweather of much, but does (charitably) find Geither’s plan too vague.
I’m obviously with the Nationalize Now crowd. But from a PR perspective we like to call it “Pre-Privatizing” the banks.