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Darwin, renowned for the theory of evolution, was a naturalist, not an economist, and his view of the competitive struggle was different from Smith’s in subtle but profound ways. Growing evidence...
"June 12 (Bloomberg) -- U.S. taxpayers have reaped a 7.5 percent return on the $45 billion used to rescue Citigroup Inc., more than three times as much as if the money had been invested in the...
Interesting article about the fact that AIG - or the US taxpayer - is paying GBP 56 million a year for its logo to be shown prominently on the jerseys of one of the UK leading soccer teams. Very...
Ivy League trained bank executives (and their bashful corporate boards) were thought to be not only smart but also savvy. Politicians (most of which are very rich and successful) were deemed to be...
The $300 billion bailout has been great for banks. Many have taken the TARP money and set is aside for toughter times or for future acquisitions. Many banks admit the public money has been a...
Article | Jan 18, 2009 | Views: 272 | Comments: 0 Tags: obama, bailout, tarp
For some time it looked like Bank of America might fly over the banking crisis and actually prosper by vulture investing in Countrywide and Merrill Lynch. Now, it looks like it is choking on the...
Ever wonder how the Government is able to fund all the bailout and rescue efforts, including President Obama's proposed $800 billion stimulus package? Especially given the fact that the US is the...
Do you think Congress should release the remaining TARP funds, given how ineffectively the first $350 billion was spent? Have your vote at the TARP 2 poll...
There are various pros and cons to the US automakers bailout as I wrote earlier, but for now it looks like they are here to stay. It will be interesting to get your viewpoint as to where the...