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Have Confidence in Confidence
There have been reports that Rep. Paul Kanjorski said that he was told of a massive outflow of funds from U.S. banks to others overseas on September 18 that the Federal Reserve could not control. There is no way to verify that absent a statement from the Fed. However, we do know that during ...
Vote of No Confidence
washingtonpost.com — I'm not an economist, but when Tim Geithner unveils his long-awaited bailout plan and the Dow plunges... nearly 400 points, that's probably not a good sign. (more) Vote of No Confidence
Treasury: Lending Down Among TARP Recipients
washingtonindependent.com — new report out of the Treasury Department Tuesday confirmed what many lawmakers, housing advocates, small businesses and... individual consumers have known all along: That despite hundreds of billions of dollars flowing from Washington to the finance ... (more) Treasury: Lending Down Among TARP Recipients
Executive pay caps that survived in the stimulus
dailykos.com — Cross-posted from Congress Matters . If you've got a Daily Kos account, you've got a Congress Matters... account. Log in with your existing Daily Kos user name and password. Seems some executive pay limits for TARP recipients did survive the ... (more) Executive pay caps that survived in the stimulus
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"Here's the facts, and we don't even talk about these things."
small dead animals — ... If they had not done that, their estimation was that by 2 o'clock that afternoon, $5 trillion dollars would have been drawn out of the money market system of the United States, would have collapsed the entire economy of the United States, and within 24 hours, the world economy would have collapsed." It would have been the end of our economic system and our political system as we know it. Some out there seem to believe this is newly disclosed information. It's not . Nor is the rapid movement of money necessarily evidence of a plot. More here from a UK ...

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