Apparently Hank Paulson doesn’t want to do intervention into the mortgage/foreclosure business because that won’t get “maximum bang for the buck.”
That’s quite possibly true, but I think it’s a confused objection. We’re in a situation where we need a lot of bang. That means a lot of bucks. But only so much buck can be expended in the most bang-for-the-buck possible way. That means you need to do some stuff that isn’t the biggest bang for the buck stuff available.
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