bailout

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Dracula, the insurance company

Mar 3, 2009
I felt like I was watching a bad horror movie this morning as Fed Chairman Ben Bernanke testified before Congress. Bernanke said the government...
Posted In: AIG, bailout, TARP

Greed and blindness

Mar 3, 2009
There's an ugly, human thread that runs through all of the collapses and fraud on Wall Street. Two items I read this morning point it out clearly....
Posted In: bailout, Bear Stearns

Burning down the house

Mar 2, 2009
Q: What happens to money when you throw it into a fire? A: The same thing that happens when you give it to AIG. Today's 4th bailout of the...
Posted In: AIG, bailout, TARP

If it quacks like a duck...

Feb 27, 2009
At this economic bloggers conference I'm attending, we had a discussion last night about how no one in charge will say the word "nationalization." ...
Posted In: bailout, bloggers, blogging, blogs, economists, nationalization

Airplane Reading

Feb 26, 2009
I read some interesting stuff on my flight to Kansas City, which I'll get to in a moment. But first, my flight. I don't fly Southwest often, but...
Posted In: Airlines, bailout, Fed

Just take your clients to Putt-Putt

Feb 25, 2009
Now that Northern Bank's been busted for hosting a golf tournament, the other bank lemmings are lining up to do their part. Today, Morgan Stanley...
Posted In: bailout, Banks, TARP

Will there be blood?

Feb 25, 2009
I just read a very compelling interview with respected Harvard historian Niall Ferguson. Here's the interview by the Toronto Globe and Mail, and...
Posted In: bailout, Banks, economists, government spending

Hamsters with loans

Feb 24, 2009
There's a lot of wheel-spinning when it comes to restructured loans. A bank regulator testified to Congress today that more than half of modified...
Posted In: bailout, housing market, lending

The new Manhattan Project

Feb 24, 2009
As we watch the stock market sink to 1997 levels, this article in Wired Magazine should send chills down your spine. It says a formula created by...
Posted In: bailout, Banks

Neighbor vs Neighbor

Feb 20, 2009
One reason I think the housing bailout is raising so much ire is that it pits Americans against each other. A family on one side of the street...
Posted In: bailout, housing market, lending

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