Re: [Pen-l] Wall Street awaits the new RTC

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] Wall Street awaits the new RTC
From: Doug Henwood <dhenwood@xxxxxxxxx>
Date: Mon, 21 Jul 2008 17:35:22 -0400


On Jul 21, 2008, at 5:23 PM, Jim Devine wrote:

why does the Federal government have to worry about the fiscal
deficit? it seems that a bigger deficit could be appropriate in a
severe recession.

Normally not, but since the GSEs' troubles raise questions about the creditworthiness of the USG, deficit spending to save the GSEs is a little problematic.

Doug
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- Re: [Pen-l] Wall Street awaits the new RTC
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- [Pen-l] Wall Street awaits the new RTC
  - From: Marvin Gandall
- Re: [Pen-l] Wall Street awaits the new RTC
  - From: Robert Naiman
- Re: [Pen-l] Wall Street awaits the new RTC
  - From: Marvin Gandall
- Re: [Pen-l] Wall Street awaits the new RTC
  - From: Jim Devine

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Thread context:
- [Pen-l] Wall Street awaits the new RTC, Marvin Gandall Mon 21 Jul 2008, 11:18 GMT
  - Re: [Pen-l] Wall Street awaits the new RTC, Robert Naiman Mon 21 Jul 2008, 11:59 GMT
    - Re: [Pen-l] Wall Street awaits the new RTC, Marvin Gandall Mon 21 Jul 2008, 12:31 GMT
      
      Re: [Pen-l] Wall Street awaits the new RTC, Jim Devine Mon 21 Jul 2008, 21:06 GMT
      
      Re: [Pen-l] Wall Street awaits the new RTC, Doug Henwood Mon 21 Jul 2008, 21:18 GMT
      
      Re: [Pen-l] Wall Street awaits the new RTC, Jim Devine Mon 21 Jul 2008, 21:28 GMT
      
      Re: [Pen-l] Wall Street awaits the new RTC, Doug Henwood Mon 21 Jul 2008, 21:54 GMT
      
      Re: [Pen-l] Wall Street awaits the new RTC, Jim Devine Mon 21 Jul 2008, 23:56 GMT
      
      Re: [Pen-l] Wall Street awaits the new RTC, Marvin Gandall Mon 21 Jul 2008, 23:43 GMT

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