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All Blogs >> Stark Ravings >> Geithner to Announce New Plans to Save Troubled Banks: Why It Will Fail

Geithner to Announce New Plans to Save Troubled Banks: Why It Will Fail

As Paul Krugman writes, the problem is not lack of confidence but lack of solvency. The new plan, supposedly to be announced Monday, won't do the trick. And, when it doesn't, this administration -- and nation -- will be in even bigger trouble.

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