Tags: Banks + Deficit + Deficit spending + Economy + investing + Markets
The US economy has bottomed out and begun a recovery from the financial crisis caused by Wall Street and the Mega Banks’ securitization of mortgage loans. Stock markets
around the world are rallying, or more likely just bouncing off their bottom for the short term. But what’s ahead?
April 30, 2009 - Economy, Markets - 0 Comments
You have to give President Obama and most of his administration a solid A for their intelligence and effort in attacking the problems the Bush Administration left behind. The proposed budget is a comprehensive road map to resolve the pressing problems of energy dependence, out of control health care costs, financial instability, educational needs to keep America competent, [...]
April 24, 2009 - Economy - 0 Comments
Tags: Bailout + Geithner + Stress test + TALF + TARP + Too big to fail + Treasury
New Treasury Secretary Geithner proposed subjecting banks to stringent ’stress tests’ to add transparency and re-instill confidence in the US financial system. Accompanying this confidence-building test was a plan for a private public investment program (TALF) to auction
April 21, 2009 - Economy, Markets, Politics - 0 Comments
Tags: Geithner + JP Morgan Chase + JPM + obama + Stress test + Treasury
Recently the CEOs of Goldman Sachs and and JP Morgan Chase informed the government that they want to pay back their TARP money to unshackle their banks from the encroachment of government regulation. Jamie Dimond, CEO of JP Morgan, went on to admonish the Fed that it would not participate in the TALF program to either buy or [...]
April 17, 2009 - Economy, Markets, Politics - 0 Comments
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