{"id":192426,"date":"2009-04-01T17:41:00","date_gmt":"2009-04-01T22:41:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/04\/01\/nobel-laureate-stiglitz-and-black-swan-author-blast-obama-and-geithner\/"},"modified":"2009-04-01T17:41:00","modified_gmt":"2009-04-01T22:41:00","slug":"nobel-laureate-stiglitz-and-black-swan-author-blast-obama-and-geithner","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/04\/01\/nobel-laureate-stiglitz-and-black-swan-author-blast-obama-and-geithner\/","title":{"rendered":"Nobel Laureate Stiglitz and Black Swan Author Blast Obama and Geithner"},"content":{"rendered":"<p>Joseph Stiglitz calls the plan, &#8220;<a href=\"http:\/\/www.nytimes.com\/2009\/04\/01\/opinion\/01stiglitz.html?partner=rss&amp;emc=rss&amp;pagewanted=all\">Obama\u2019s Ersatz Capitalism<\/a>,&#8221; in a <span style=\"font-style: italic;\">New York Times<\/span> OP\/ED, where he runs the numbers and shows that the plan is at least a 50% subsidy to the private buyers, and <span style=\"font-style: italic;\">Black Swan<\/span> author <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=a7DbIc6WLhmU&amp;refer=home\">Nassim Taleb says Geithner\u2019s bank recovery plan will fail<\/a>, and simply socialize losses and privatize gains.<\/p>\n<p>They are both good reads.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Joseph Stiglitz calls the plan, &#8220;Obama\u2019s Ersatz Capitalism,&#8221; in a New York Times OP\/ED, where he runs the numbers and shows that the plan is at least a 50% subsidy to the private buyers, and Black Swan author Nassim Taleb says Geithner\u2019s bank recovery plan will fail, and simply socialize losses and privatize gains. They &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1002,985],"tags":[],"class_list":["post-192426","post","type-post","status-publish","format-standard","hentry","category-finance","category-good-writing","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192426"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192426"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192426\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}