online.wsj.com - 2/6/2009
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A clean slate would keep TARP money away from bad banks.
ft.com - 2/10/2009
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ft.com —
Published: February 10 2009 18:06 | Last updated:
February 10 2009 18:06 op EDITOR’S CHOICE Economists’ forum...
- Oct-01 Every week, 50 of the world’s most influential economists discuss Martin Wolf’s articles on FT.com Crook: A package far from tied ...
(more)
FT.com / Columnists / Martin Wolf - Why Obama’s new Tarp ...
blogs.abcnews.com - 2/4/2009
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blogs.abcnews.com —
Later this morning the White House and Treasury
Department will announce new restrictions on executive compensation on...
financial institutions receiving government funds. An Obama administration official tells ABC News that under the new rules, ...
(more)
President Obama to Announce New Boss Salary Restrictions ...
nytimes.com - 2/11/2009
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nytimes.com —
Goldman Sachs and Morgan Stanley have indicated their
companies were hoping to return bailout funds as quickly...
as possible, on worries the government may intrude further in their business. >
(more)
Some Banks Want to Return Government Money
Comments
Blog Reactions
Start New Banks?
Matthew Yglesias —
... Paul Romer has an interesting idea that could avoid many of the problems associated with bailing out existing banks, and the problems associated with nationalizing them—why not take a few hundred billion dollars and use them to start new banks? ...
Start "good" banks
The Reaction —
By Creature Paul Romer, senior fellow at the Stanford Institute for Economic Policy Research, in today's Wall Street Journal: Everyone agrees that the United States urgently needs a few good banks. Turning bad banks into good banks is a difficult and risky way to get them. It's simpler and safer to start entirely new banks. In this context, "good" means a bank with assets and liabilities that are easy to value using market prices. At a good bank, officers, regulators and ...
The Case Against New Banks
Matthew Yglesias —
... I’d been intrigued by the Paul Romer proposal to use taxpayer funds to set up new banks rather than muck around with the old ones, but I think Felix Salmon’s ...
"THE COMMONWEALTH BANK OF THE UNITED STATES"
Angry Bear —
... ] and Prof. Romer [here] (Stanford) have now presented proposals for a National Bank. Prof Buiter notes (see second linked post) that Prof. Stiglitz has given the idea a passing nod of approval. Both Buiter and Stiglitz have previously supported nationalization, so it's interesting to see their ideas moving forward. ...
Related Content
Bailout Overseer To Ask Banks To Track Funds
tpmmuckraker.talkingpointsmemo.com 1/23/2009 — Could we finally be headed for a whole new level of transparency and oversight over the bailout funds?
Neal Barofsky, the inspector general for the TARP program, today sent a letter to Sen. Charles Grassley, the ranking Republican on the Finance ...
Banks are now eager to repay TARP
charlotteobserver.com 3/26/2009 — For relatively strong banks, doing business with the government may be more trouble than it's worth. Banks are publicly declaring their intent to pay back loans from the Troubled Asset Relief Program, or TARP, as quickly as they can. They range from ...
Can Geithner stop banks withdrawing from TARP?
blogs.reuters.com 4/21/2009 — What's more, banks like Goldman and JP Morgan seem to think that repaying TARP funds will give them an artificial advantage over the rest of the big players, especially when it comes to things like executive compensation. ... 7001, SEC 111(g) of the ...
Video: Banks And Your Money
marketnewslive.blogspot.com 2/10/2009 — Nearly 4 months after U.S. banks received a multi-billion dollar bailout from the government Sharyl Attkisson takes a look at just how each of those banks are spending taxpayer money.
The Banks Have Stolen Enough; It's Time to Take Them Over
tpmcafe.talkingpointsmemo.com 1/25/2009 — Hold onto your wallets. The bankers are coming bank for more money. They burned through the $350 billion that we gave them in the first round of the Troubled Asset Relief Program (TARP) and they are worried that even the second $350 billion will not ...
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 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 ...
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. ...
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