Bailout

What Financial Issues Do People Worry The Most About?

What Financial Issues Do People Worry The Most About?

Besieged by the rising cost of energy and food, many consumers are barely able to make ends meet.  Throw in the fact that for many consumers real wages have been stagnant for decades and you have the […]

Obama Jobs Plan Bad Joke For Both Employed and Unemployed

Obama Jobs Plan Bad Joke For Both Employed and Unemployed

The long awaited and hugely hyped Obama “Jobs Solution Speech”, hastily crafted between rounds of golf on the Vineyard, is unlikely to help either the employed or  unemployed. Obama’s calls his new proposals the “American Jobs Act” […]

US Treasury Calls TARP Repayments A “Milestone” While Ignoring The Elephants In The Room

Treasury’s Victory Call On Financial Bailout Premature The Treasury Department’s latest public relations effort to highlight the success of the financial system bailout focuses on the amount of TARP repayments versus total debt outstanding.  In addition, the […]

Geithner Lectures Europe On Fiscal Discipline – This Is Like BP Giving A Seminar On Oil Well Safety

With Europe Facing Meltdown Geithner Offers Advice After recently “saving” the US from economic Armageddon, Treasury Secretary Geithner must feel uniquely qualified to  advise European governments on their looming sovereign debt crisis.   Geithner’s solution to Europe’s out […]

Federal Reserve Super Low Rate Policy Crushes Savers And The Elderly

Federal Reserve Super Low Rate Policy Crushes Savers And The Elderly

Fed Sees Solution In Zero Rates The Federal Reserve recently vowed to keep interest rates “exceptionally low”  for the foreseeable future in an attempt to revive the economy.   Since mid 2006 the Fed has brought the […]

Japan’ Solution To Debt Crisis – Expand Zombie Banking

Japan’s Zombie Banking Taken To New Levels Of Lunacy Japan’s real estate and stock market bubbles burst in the early 1990’s.   Since then, twenty years of non stop Government stimulus programs have failed and left Japan […]

FDIC Considers Borrowing From Treasury As Banking Failures Increase

FDIC Considers Borrowing From Treasury As Banking Failures Increase

FDIC May Request Treasury Loan As Losses Grow The FDIC always takes pride in noting that it is self funding and covers failed bank losses by assessments on FDIC insured member financial institutions. Congress created the Federal […]

Feds Finally Move To Restrict Excessive Bank Compensation And Risk

Bailout Funds Go To Bank Bonuses Banks that lost billions of dollars on speculative  investments and poor loans have routinely been awarding thousands of employees massive bonus payments.  Ironically, the only reason many of these banks are […]

Super Clunkers – How Congress Can Double US Vehicle Sales

Clash for Clunkers Increases Car Sales The much maligned Cash For Clunkers program has three remarkable features that differentiate it from the other wide assortment of endless government stimulus/bailout programs. 1. The Cash For Clunkers program, at […]