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Why Paul Krugman, James Galbraith, Simon Johnson and John Hussman are right and Brad Delong, Tim Geithner and Lawrence Summers are clueless eunuchs. The issue is Treasury Secretary Geithner's solution to the banking crisis revealed this morning, which by the way falls entirely on you. Bank bondholders like Bill Gross are not even being asked to carry their own tampons.
The mother of all bailouts is really the mother of all uncloggings.
My argument with Brad Delong's thesis is simple.
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