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By publicly revealing that they sent requests to a bunch of hedge funds to keep trading records related to the Euro currency, the U.S. government is in effect telling hedge funds not to profit from...
Citigroup, once the largest financial services supermarket in the world, has fallen on extraordinarily tough times and is practically insolvent. That hasn't deterred some of the world's smartest...
And, in case you missed it, here is a very brief summary of what has transpired in the meantime.
The Republican Congressman wants to hang Ben Bernanke out to dry because he believes that the Fed Chief forced BoA Chairman Ken Lewis to go through with a bad deal.
Our government has debased the economy to remove moral hazard for a handful of banking insiders. This type of activity occurs frequently in Third World countries and is met with real rage. Where...
It turns out that not one cent of the $700 billion TARP monies are going to be used for the original plan to purchase troubled assets.
The latest financial rescue package is centered around a direct government investment of $250 billion, half of which will go in 9 major banks.
The stock market's collapse today - pure and simple - is the result of the fact that the Democrats are trying to line Hank Paulson's $700 mm bailout package with their pork barrel. The sad part is...
Article | Sep 22, 2008 | Views: 241 | Comments: 4
Tags: democrats, economy, paulson
The AP has just released the following report. If it is true, it raises one important economic question - how $50 billion in Treasury assets can cover $3 trillion in new liabilities, and is the US...
I've been very skeptical about the financial and very much have believed that we are in the early innings of the real estate / credit-induced mess. But, now Bernanke and Paulson have a Resolution...
Article | Sep 18, 2008 | Views: 192 | Comments: 0
Tags: bernanke, paulson
Americans are ooing and ahhing over Nicolas Sarkozy and his visit to the US yesterday, but they should be looking at the transcript of what he said and responding.
I think he's probably right. The global economy is extremely strong right now.