Tags: BAC + Bailout + Banks + C + Geithner + Investment Fund + Treasury
It is taking some time to put the polish onto the 2 trillion dollar Geithner bailout plan. Apparently the problem is how to maneuvre the public outrage when a third round of taxpayer dollars is given to the banks.
The package soon coming to calm the markets is a bank ’stress test’ purportedly designed to assure the public [...]
February 25, 2009 - Economy, Markets, Politics - 0 Comments
Tags: Bank of America + BOA + Cuomo + Lewis Bailout + Thane + Treasury
Oh the tangled web we weave… New York Attorney General Andrew Cuomo is deep into the investigation of the bonus payments passed out at Merrill Lynch just as TARP funds were being handed out and as MER was in front of both a shotgun wedding with Bank of America and a $21 billion pretax operating [...]
February 25, 2009 - Economy, Markets, Politics - 0 Comments
Tags: Bad Bank + China + Deficit spending + Interest Rates + LIBOR + Nationalization + Stimulus + Treasuries
The global financial system is sick and must be healed. The US hatched the virus that is engrossing the financial system. That virus is called securitization with public money. Its genotype is characterized by excessive leverage, synthetic securities to offset risk, and a replacement of fundamental analysis with statistical financial modeling. Its hosts are the solvent, [...]
February 23, 2009 - Economy, Markets, Politics - 0 Comments
Tags: AAA Rating + Debt + Deficit + Geitner + housing + Stimulus + Treasury
Earlier this month SB forecast that the US economy would end up having a 2:1 Debt to GDP ratio with its Debt totaling $15 trillion and its GDP falling to $7 trillion. GDP, it was argued, would contract to half its leveraged high water mark product and not soon recover. The slow recovery was in part due [...]
February 20, 2009 - Economy, Markets - 0 Comments
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