But the early planning would be important in the push to rush to a deal,
which will be a bad one.


Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901
www.michaelperelman.wordpress.com
-----Original Message-----
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED] On Behalf Of Sabri Oncu
Sent: Wednesday, September 24, 2008 10:23 PM
To: pen-l
Subject: [Pen-l] Naomi Klein question

Micheal:

> She said that the Paulson plan was in the works for 6 months.  Did I
> mishear her or is that true?

Well! If you heard she said that, most likely she said it. Whether
Paulson plan was in the works for 6 months true or false, I don't
know. However, it sounds quite plausible to me.

Here is my take:

We are not the only "smart" guys who can "guess" what may happen in
the near future and, more importantly, Paulson has direct access to
information that we cannot access as easily as he can. So, probably he
also guessed what may had been coming, although he would not had known
every single detail of what was coming. Had any of us known the every
single detail of what was coming?

If we can guess it this good, why can he not?

And if he could, and given where he is, why not a plan ahead of time?

Best,
Sabri
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