The "Paulson Plan" and its implications
Woo, Raymond Weng Pong
Date of Issue2008
S. Rajaratnam School of International Studies
The US government's plan to inject US$ 700 billion into the finacial sector may have improved sentiment among investors and monitoring authorities in Wall Street. However, the "Paulson Plan" will likely provide only short-term benefits without solving the crisis' root causes. It might even create long-term damage to the US' economic and strategic position.
DRNTU::Social sciences::Economic development::United States
RSIS Commentaries ; 106/08