One analysis: The Soros Plan 2008-10-01 — ft.com You knew it was coming. We concede, definitely better than the modified Paulson plan that got defeated: Instead of just purchasing troubled assets the bulk of the funds ought to be used to recapitalise the banking system. Funds injected at the equity level are more high-powered than funds used at the balance sheet level by a minimal factor of twelve - effectively giving the government $8,400bn to re-ignite the flow of credit. In practice, the... read more
