Three titans of economics join Bloomberg to weigh in on the Paulson Plan.
Arthur Levitt suggest that the plan is a bold and essential move to alleviate risk and support confidence while William Poole disagrees and remains skeptical on all counts and believes that it is unwise for the government to muck about in market mechanisms and further doesn't understand how these grand ideas will work.
Jeremy Siegel essentially agrees with Levitt though is cold on the short seller pause.
Ara Hovnanian, CEO of homebuilder Hovnanian, joins Bloomberg to discuss the state of the new home market and his outlook for the future.
Hovnanian suggests that any turn in the very challenging environment is too early to call and renews his call for more federal aid for his industry.
