Economist Brad DeLong wrote The Geithner Plan FAQ based on some early press releases. It's a reasonable introduction.
NPR has a similar intro as a Q&A with economist Douglas Holtz-Eakin.
The New York Times collects the thoughts of 4 prominent economist bloggers in Will the Geithner Plan Work?. It has thoughts from:
Paul Krugman, economist and Op-Ed columnist
Simon Johnson, economist, M.I.T.
Brad DeLong, economist, U.C. Berkeley
Mark Thoma, economist, University of Oregon
all basically say that it's buying assets at inflated prices and it's based on the idea that prices could go down and then we're screwed. Kevin Drum writes in Valuing the Toxic Waste that maybe they really are undervalued and makes some sense.
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