[aposiopetic]

One alternative to the Paulson plan would be to provide secured loans to troubled institutions as a way to allow them to recapitalize. The collateral against the loans would be bank assets (presumably impaired assets) but the transaction would be similar to a "repurchase agreement." In this transaction, otherwise known as a "repo," the borrower is required to repurchase the securities, with interest, in the future in order to retire the loan.

Thanks for posting this.

[yazoo]

An important element in the Chilean recovery was their move from a socialized economy to a free market. Milton Friedman was the economist who helped them put together the free market model.

[Cacique]

btt

[DmBarch]

This is a reprint of O’Grady’s 9/29 Column in the Wall Street Journal. She is their regular commentator on Latin America and one of the WSJ’s best writers.

[fightinJAG]

This was a very good (and surprising) article. It should be widely read.

[x1stcav]

Uh, didn’t they first (ca. 1973) go out and kill tens of thousands of leftists in their midst?

Hell, any country would prosper after that.

[listenhillary]

Bump