robertreich.blogspot.com - 1/24/2009
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America has embraced Lemon Socialism. The federal government -- that is, you and I and every other taxpayer -- has taken ownership of giant home mortgagors Fannie and Freddie, which are by now basket cases. We've also put hundreds of millions into Wall Street banks, which are still flowing red ...
wizbangblog.com - 1/25/2009
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Open Thread for Night Owls, Early Birds & Expats
Daily Kos —
... Simon Johnson, former chief economist at the International Monetary Fund and a senior fellow at the Peterson Institute for International Economics. The depth of the troubles, analysts say, indicates that nations may need to spend more than the billions of dollars already planned on stimulus packages to jump-start their economies, and that a global recovery could take longer, perhaps pushing into 2010. Robert Reich, who was the 22nd U.S. Labor Secretary, points out at his blog: The federal government -- that is, you and I and ...
The Joker Takes Over American Financial Policy
Open Left - Front Page —
... However, there is something we have overlooked in the argument over spending $250 billion to purchase toxic assets: we have already spent $2.4 trillion purchasing toxic assets. While it is still a bad idea to spend another $250 billion doing this, it would actually only increase the price tag by 10%: ...
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More Lemon Socialism -- And Why The Limits on Wall Street Pay Are For Show
tpmcafe.talkingpointsmemo.com 2/7/2009 — Wall Street and its allies are in a tizzy over the Obama administration's proposed $500,000 limit on executive pay, saying it will threaten their ability to attract and retain executive talent. I do not mean to deprecate Wall Street executives when I ...
TARP
balloon-juice.com 2/15/2009 — Surprise good news in the TARP bill that President Obama just signed. I could get used to this.
A provision buried deep inside the $787 billion economic stimulus bill would impose restrictions on executive bonuses at financial institutions that ...
TARP: What Did We Get For Our Money?
tpmmuckraker.talkingpointsmemo.com 1/17/2009 — Remember how, back when Congress was negotiating with the Bush administration over the terms of the bailout, one of the major sticking points was Rep. Barney Frank's insistence that taxpayers receive equity in the companies we were saving, so that we ...
Bankers say they 'get it' on bailout
swamppolitics.com 2/11/2009 — by Frank James
Vikram Pandit, Citigroup's chief executive officer, is really, really sorry his company was going to buy that French-made private jet and it won't happen again.
Pandit told lawmakers at a House hearing today:
Mr. Chairman, the world is changing very fast and we need to ...
Bankers: Take your TARP money back - Mar. 27, 2009
money.cnn.com 3/30/2009 — NEW YORK (CNN) -- There's a growing sense among some bankers that Troubled Asset Relief Program known as "TARP" has become toxic. As a result, they want to bail out of the bank bailout program."It should be called 'TRAP,' not TARP," said Brian ...
TARP Watchdog: Treasury Overpaid For TARP Investments
money.cnn.com 2/5/2009 — WASHINGTON -(Dow Jones)- The three government watchdogs overseeing the $700 billion financial rescue package continued to criticize the Treasury Department's implementation of the plan, suggesting a lack of a strategic vision and raising the concern ...
Adventures in Lobbying
openleft.com 1/26/2009 — When I offered in a blog thread to go lobby on TARP oversight and reform while I was in DC, little did I know that I was going to be asked to write about it on Open Left. It's a challenge to rise to the standards set by all the wonderful writers ...
After Kashkari, Who Runs TARP?
tpmdc.talkingpointsmemo.com 2/5/2009 — Amidst all the debate over the stimulus package, Tom Daschle's limos, and when the White House puppies will arrive, it's worth keeping an eye on TARP, the Troubled Assets Relief Program that was supposed to get us out of this mess in the first place. ...
Executive pay caps that survived in the stimulus
dailykos.com 2/15/2009 — 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 ...
Obama orders Guantanamo shut —
Reuters: Politics 1/23/2009
WASHINGTON (Reuters) - President Barack Obama ordered the closing of Guantanamo prison on Thursday and named veteran troubleshooters for the Middle East and Afghanistan as he moved swiftly to repair America's tarnished image abroad.
Obama talks the economy, stimulus —
First Read 1/23/2009
From NBC's John Yang and Athena JonesAt the beginning of his meeting this morning with bipartisan congressional leaders, President Obama acknowledged the differences with Republicans on the stimulus package. But he said he's confident it will generate ...
Clinton pledges to cut red tape —
First Read 1/23/2009
From NBC’s Libby Leist On day two of her new role as America's top diplomat, Secretary of State Clinton again displayed her first-rate political skills in front of hundreds of USAID staff this afternoon at the Ronald Reagan building.
Clinton ...
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