Simpler than buying the toxic assets

The capital injection in return for stock plan is simpler than the toxic assets buyout option.

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The Global Financial Crisis
How should the US and other governments respond?
Measures to alleviate the immediate symptoms?
Captial Injection in return for stock
Simpler than buying the toxic assets
Does not require the invention of the price discovery mechanism
Avoids moral hazard
Capital injection in return for stock fairer for taxpayers
Corporate objection to state involvement
Political objection to state ownership of banks
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