Posts tagged as:

Ben Bernanke

Stocks Up as Citigroup Says It Is Making Money

March 10, 2009

Is this what the world has been waiting for?  Probably not, at least not enough to change the economy for most of us but today the stock market rallied around the news that Citigroup is making money again. 
Investors were encouraged on multiple fronts: assurances that the financial system was under improvement from U.S. Federal Reserve [...]

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U.S. Buys Another $40 Billion of AIG Stock

November 10, 2008

Well, apparently $123 Billion didn’t do the trick for AIG. Today the Paulson and Bernanke team announced another $40 Billion will be used to purchase AIG stock. The additional $40 Billion will come from the TARP (Troubled Asset Relief Program) fund, the $700 Billion Congress approved for the bailout.
The revised bailout came as [...]

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Printing Presses Working All Weekend – Another $100 Billion for the Banks

March 28, 2008

It was alluded to all day, but at last it is confirmed.  The Fed will open the windows with another $100 billion up for grabs on April 7th, a few days after fool’s day.  And, that’s no April Fool’s joke.
The Federal Reserve announced Friday it will auction an additional $100 billion in April to cash-strapped [...]

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