Abstract

http://ssrn.com/abstract=1276285
 
 

Footnotes (20)



 


 



Bailouts, Buy-Ins, and Ballyhoo: Forget K Street, Save Main Street, and You Will Save Wall Street - And Paulson - As Well


Robert C. Hockett


Cornell University - Law School

October 1, 2008

Challenge, Vol. 52, 2009
Cornell Legal Studies Research Paper No. 08-029

Abstract:     
I propose here a critical amendment to Treasury Secretary Paulson's proposed "bailout" plan for troubled financial institutions. If we channel the plan through FHA and its recently re-federalized GSE siblings, I argue, we shall neatly avoid all objections currently raised to the plan - those sounding in unconstitutional delegation, moral hazard, and inequity alike. Rather than "rescuing Main Street by rescuing Wall Street" through new Treasury authority, in short, we should employ institutional means already at our disposal by which we shall readily "rescue Wall Street by rescuing Main Street."

Number of Pages in PDF File: 24

Accepted Paper Series





Download This Paper

Date posted: October 2, 2008 ; Last revised: January 11, 2009

Suggested Citation

Hockett, Robert C., Bailouts, Buy-Ins, and Ballyhoo: Forget K Street, Save Main Street, and You Will Save Wall Street - And Paulson - As Well (October 1, 2008). Challenge, Vol. 52, 2009; Cornell Legal Studies Research Paper No. 08-029. Available at SSRN: http://ssrn.com/abstract=1276285

Contact Information

Robert C. Hockett (Contact Author)
Cornell University - Law School ( email )
524 College Ave
Myron Taylor Hall
Ithaca, NY 14853
United States
Feedback to SSRN


Paper statistics
Abstract Views: 1,090
Downloads: 251
Download Rank: 70,792
Footnotes:  20

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.297 seconds