Posts tagged as:

Economic Bailout

The Great American Stress Test

May 6, 2009

It is called the bank stress test, but in truth it is the American stress test.  Some banks reportedly need to raise more capital.  American families need more capital to stay afloat, too.  The real stress test is whether Americans who are feeling the real pinch in this economic crisis are willing to keep the [...]

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The Redemption of Timothy Geithner

March 23, 2009

Today was called the day of reckoning by many of Secretary of Treasury Timothy Geithner’s critics.  And, there have been plenty of critics of late.  Many have been sitting on the sidelines, offering nothing of substance and a lot of critical analysis, waiting for Tim Geithner to fail on all fronts.  In fact, it almost [...]

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AIG Gets More Money!

March 1, 2009

Still too big to fail, AIG is expected to report a $60,000,000,000.00 loss tomorrow morning. So, of course we know that Uncle Sam is on the white horse riding to rescue the Damn-Fools in distress.  We stand beside the notion that if it is too big to fail, it is too big. 
Giving more money to [...]

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Is It Time to Put a Tarp Over TARP?

December 5, 2008

Anyone who believes the current economic bailout, screw the notion of “rescue”, is working must be living in another world. Before going off again on Paulson and his pals, I must say that no one has any idea where our economy would be if Paulson, Bernanke, and Kash’n’Kari had not done what they have [...]

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Moody’s, S&P, Fitch Ratings and the Economic Crisis

November 22, 2008

Many of us have been under the impression that subprime mortgages, issued to those of us who wanted to buy a house and couldn’t afford one, are the cause of the the current economic background.
What part did the trusted ratings companies play? And, was it Wall Street greed that brought on the meltdown.
The best [...]

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Another Weekend Bailout? It’s Citigroup This Time

November 22, 2008

Chances are Citigroup and the Department of Treasury will be working into the wee hours, under cover of darkness and in the shadows, to save the the floundering bank. That’s speculation on my part, but the indicators seem to be there for another weekend retreat and resuscitation.
With the sharp stock-market decline for Citigroup rapidly [...]

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Leaving on a Jet Plane, Returning on a Commercial Flight?

November 21, 2008

Could it be?
ABC breaking news
General Motors to Give Up Two Corporate Jets After Execs Were Blasted on Capitol Hill [12:28 p.m. ET]

Let’s not be cynical although my first train of thought was right down the Cynicism Express. Perhaps, GM, the home of the most seemingly arrogant CEO of the automakers, is giving up not [...]

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Citi Looking Sad, Considering Sale

November 21, 2008

Who would have guessed that Citi would be considering a sell-off… in part or as a whole?
Citigroup Inc. is considering auctioning off parts of the firm or selling the company outright, according to a media report late Thursday.

This report comes following a day when Citigroup saw its shares trading for $4.55. Perhaps, [...]

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Bair Eats Paulson’s Lunch and His Plan A, Plan B…

November 18, 2008

Sheila Bair, Chairwoman of the FDIC, may be the only appointee of the present administration that gives a rat’s ass about anyone who doesn’t suck from the Wall Street teat. We have all seen Henry Paulson hand out early Christmas gifts to the bankers on Wall Street… and insurance companies. But, it has [...]

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AIG Eating Away at Tax Dollars

November 10, 2008

Something is starting to smell like a rotten AIG, and it is AIG. First there was the $85 Billion that the federal government infused into the “too big to fail” insurance company, the one that became too big by selling what amounted to imaginary insurance default swaps. Most Americans were and continue to [...]

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