tpmcafe.talkingpointsmemo.com - 1/18/2009
—
We have a deal. You, US taxpayer, have generously provided to Bank of America the following: one Treasury-FDIC guarantee "against the possibility of unusually large losses" on a pool of assets taken over from Merrill Lynch to the tune of $118bn, and a further Fed back stop if the Treasury-FDIC ...
online.wsj.com - 1/22/2009
—
online.wsj.com —
As Obama's team revises TARP, it faces criticism
of the process for deciding which banks get cash....
Some politicians, including Barney Frank, have used leverage to try to direct millions to their home-state banks.
(more)
Politics Seen in Bank Bailout Decisions
iht.com - 1/16/2009
—
iht.com —
Kenneth Lewis gambled on bold acquisitions to build
Bank of America into the nation's largest bank. But...
the need for fresh government support to grapple with the newly revealed losses at Merrill Lynch, the brokerage firm he snapped up in a rapid-fire ...
(more)
Bank of America to receive additional $20 billion - ...
Comments
Blog Reactions
J Street Under Attack…Will The Other Gaza War Opponents Be Next?
The Hollywood Liberal —
J Street Under Attack…Will The Other Gaza War Opponents Be Next? I haven’t posted about this yet because I thought it not particularly significant. It is not news when, during a war, it suddenly becomes hunting season for doves. Anyway, those who are familiar with my work know that the right… [image] [image] Bank of America Gets Quite a Deal We have a deal. You, US taxpayer, have generously provided to Bank of America the following: one Treasury-FDIC guarantee “against the possibility of unusually large losses” on a pool of assets taken over from Merrill Lynch to the tune of… [image] [image] This entry was posted on Sunday, January 18th, ...
Related Content
Saying No Deal to This New Deal -
inthesetimes.com 12/5/2008 — Views October 3, 2008 Web Only Saying No Deal to This New Deal By David Sirota The marriage of American capitalism and democracy has always been a Pamela Anderson and Tommy Lee affair — stormy and erratic since its hasty wedding. But during the ...
Nationalize Citigroup and Bank of America
portfolio.com 1/15/2009 — Both Citigroup and Bank of America are down more than 20% in early trade today, and I imagine that Hank Paulson and Tim Geithner are starting work on yet another weekend deal of some description, since at this rate it seems that neither institution ...
Bank of America, Literally
truthdig.com 1/16/2009 — The taxpayers’ bank opened a new branch on Thursday: Uncle Sam just threw $20 billion Bank of America’s way. The government is also on the hook for $118 billion more in crap assets. Bank of America chief Ken Lewis calls it the ...
What do you mean by "New Deal"?
meganmcardle.theatlantic.com 2/19/2009 — One more point that's worth making about all of this: discussing fiscal stimulus is not the same as arguing whether FDR prolonged the Great Depression, or shortened it--a very complicated discussion I'm not prepared to have right now. When you ask ...
New Deal
julescrittenden.com 1/5/2009 — It isn't exactly change you can believe in, but here's the deal. Obama has advanced from trying to be like Bush to trying to outdo him. WSJ, $300 billion tax-cut plan:
WASHINGTON -- President-elect Barack Obama and congressional Democrats are ...
A Really Bad Bank: Welfare as We Know It Now
tpmcafe.talkingpointsmemo.com 1/28/2009 — According to press accounts the Obama administration has decided to create a "bad bank" which would buy up much of the bad debt held by the banks. This is almost certainly a really bad idea, unless of course you happen to run a major bank or own lots ...
Bad bank bafflement
krugman.blogs.nytimes.com 1/18/2009 — The idea of setting up a "bad bank" or "aggregator bank" to take over the financial system's troubled assets seems to be gaining steam. So let me go on record as saying that I don't understand the proposal.
It comes back to the original questions ...
A *New* New Deal (video)
youtube.com 11/7/2008 — http://www.ourfuture.org is the home of the Campaign for America's Future.
Newsweek: Obama's America --Who we are now —
msnbc.com: Politics 1/18/2009
We have a new president. And in a way, he has a new nation to lead, one that's changing almost beyond recognition. Jon Meacham looks at the history of immigration in America, and the forces that allowed a man of mixed race to enter the White House in ...