School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, says the onging debate between Treasury Secretary Timothy Geithner and columnist and Nobel winner Paul Krugman is revealing.
“The Geithner vs. Krugman debate is interesting. At least we can be confident that Krugman hopes Geithner suceeds, unlike others with which the administration has locked horns recently. Krugman’s characterization of the toxic asset purchases as ‘cash for trash’ will, however, be valid if the so-called PPIPs end up overpaying for bank assets.”
Contact Cornelius Hurley, 617-353-5427, email@example.com