Who Will Bail Out The Bail Out Men?
May 27, 2010
- David Einhorn, of I’ll publicly short Lehman fame, writes in the NYTimes: “At what level of government debt and future commitments does government default go from being unthinkable to inevitable, and how does our government think about that risk?”
- Hedge Fund manager Hugh Hendry breaks lances with Jeff Sachs on the Beeb: “I would recommend you panic. The European banking system is in a crisis.”
- The Lending Merry Go Round, via Greg Mankiw.
In case you missed it, Michael Strong recently wrote about democratically encouraged bankruptcy for profit here.