Paulson is an idiot

NPR: Bailout Costly For Taxpayers

If the goal is to rescue the banks, the Paulson bailout plan is one of the most expensive ways to go about it.
That's the conclusion of a paper titled "Paulson's Gift" by Luigi Zingales and Peitro Veronesi at the University of Chicago.
They do find one option that would be worse than the current Paulson plan. That would be the plan he originally proposed.

Now, the Citibank bailout includes elements of both plans. Will we get the worst of both worlds?

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