Earlier today we noted that the Treasury Department had hired staff with the specific attributes needed to carry out its original plan for the bailout — buying banks’ bad assets — only to then decide that it would change its approach by directly injecting capital. That news raised questions as to whether the department has the right people in place for what’s an extremely complex and crucial task.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=172851