By L. WILLIAM SEIDMAN and DAVID C. COOKE
As individuals who were intimately involved in the resolution of this
country's last financial crisis, we follow with great interest Treasury
Secretary Henry Paulson's proposal to acquire distressed real-estate assets
from financial institutions.
The current situation threatens our economy more than the savings and loan
and banking crisis of the 1980s and early 1990s. The Treasury secretary
should be congratulated for moving quickly and decisively.
We wou
