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The Federal Reserve made $19 billion, or $14 billion more than it would have made on a risk free deployment of its capital, through charging interest and fees to financial institutions and...
Industry analysts estimate that the nation’s banks are holding at least $2 trillion in troubled assets mostly residential and commercial mortgages. According to many, this has choked the entire...
Yesterday JPMorgan Chase (JPM) cut its quarterly dividend by 87%, from $0.38 to $0.05. Chief Executive Jamie Dimon said the cut was a precaution to ensure that the company has financial flexibility...
Tim Geithner blew it big time yesterday. Was he just stupid, or is there some other explanation? The answer to this question is important. If he’s stupid, we are all in for trouble in the...
President Obama may have the FDIC run a "bad bank" that will purchase the toxic assets from bank balance sheets. Sound familiar? But this bad bank doesn't solve the central issue, how to value...
Article | Jan 28, 2009 | Views: 182 | Comments: 0 Tags: obama, tarp, bad bank
The Fed is beginning the first meeting of 2009 and of the Obama Administration with absolutely no flexibility in setting the Fed Funds rate or articulating Federal Reserve policy.
Larry Summers, President elect Obama's top economic advisor said that the remaining funds to be allocated from the $700 billion TARP will not be blindly given to banks, but will be used to get...
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
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...
It looks like the second stimulus check is not coming as expected by millions! Tax rebates are now the preferred option of the Obama adminstration. Is it to win Republican support or good policy?
TARP allows the United States Department of the Treasury to purchase nonliquid, difficult to value assets from banks and other financial institutions. TARP also allow the Treasury to purchase whole...