Bloomberg continuing its investigations into exactly what transpired when banks were forced to take what became known as the TARP funds, back in November, 2008. The Wall Street Journal had already reported that the Sunday shootout in NY had been assertive. That Paulson and Geithner ...
Not wanting their ledgers to appear too heavily laden with toxic assets to the wrong people - namely investors, banks are holding significant quantities of repossessed homes off the market, feeling they would be unable to sell them and that prices would fall further. This is the claim of a ...
Image by baxiabhishek via Flickr SxSW this year was fantastic, the attendance for interactive ...
Paraphrasing the famous Clinton campaign quote from the 90's seems like a good way to introduce the topic of derivatives and why we should pay attention to them. Listen, with all the focus recently on Obama's stimulus package and his - unfortunate - pandering to stalwarts in the investment business, the ...
Krugman today cites recent Fed Reserve meeting minutes where discussion turns to term. “All participants anticipated that unemployment would remain substantially above its longer-run sustainable rate at the end of 2011, even absent further economic shocks; a few indicated that more than five to six ...
Image by Getty Images via Daylife Volcker this week declared ...
Image by Vidiot via Flickr In a surprising move, Citigroup appointed Richard Parsons to take over as chairman at Citigroup ...
Image by Getty Images via Daylife ...
Image by Getty Images via Daylife As most ...
With the collapse of a relatively meager bailout of GM and Chrysler (compared to what banks and financial service firms were fed), it appears certain that the U.S. economy will suffer devastating losses through the first quarter of 2009. The loss of 1-2/3rds of the ...
View Too Late For The Titanic: U.S. Economy Headed For Collision
Image via Wikipedia Clearly there are a lot of problems with the American economy. The assignment of capital is top ...
Lots of talk this weekend on Meet The Press, etc, about getting tough on automakers, requiring changes to their business plans and organizations, if they want to receive "taxpayer money". Of course, I am wondering why the leniency for the banks and financial service organizations who received 10 times more of ...
Image via Wikipedia I've mentioned a couple of times in passing over the past two months that the ...
Do you think they took commercial flights to DC for the weekend? I don't. And yet, they get $25billion cash, while laying off 50k. Meanwhile, Obama's advisor Axelrod makes snarky comments about automakers traveling to DC on private jets in order to save over 1 million jobs. ...
Image via WikipediaAnother Sunday, another backroom deal to guarantee assets of the wealthy with tax dollars. It must be the U.S. banking system at stake, yet again. No surprises ...
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