Krugman

Saturday Reads Around the Internets - This Week in the Economic Horror Show

shocknews Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.

 

Libor Manipulating Banks Want Civil Fine Settlement

As expected, it appears those banks manipulating the LIBOR are after a group settlement. In other words, if you're expecting heads to roll and criminal charges, dream on.

What is in The Economic Stimulus Bill of 2009?

Stimulus, stimulus, everywhere the buzz word stimulus, devil in detailsbut where is the devil, you know that creature who screws up the details?

Navigating the politics, the lack of analysis, the specifics and more importantly, the time line of effectiveness is not for the faint of heart. To that end we must start with the latest publicly available legislative text.

The Bill Text

The working title for the bill is, The American Recovery and Reinvestment Plan . The bill is also in a state of flux. The House states the bill will be formally introduced on 01/26/09.