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talkingpointsmemo.com - 1/19/2009
The Idea That Won't Die
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We seem to be sweeping back around to the original TARP idea -- buying up the banks' 'toxic assets' to allow them to clear the decks and start lending again. It's not completely clear to me whether this is being pushed mainly by the carryover regulators like Sheila Bair who are trying to sell ...
Americans Want Details Before Release of More TARP Funds
gallup.com - 1/15/2009
Americans Want Details Before Release of More TARP Funds
— gallup.com — PRINCETON, NJ -- A majority of Americans (62%) say Congress should block President-elect Obama's request to release the remaining $350 billion in Troubled Asset Relief Program (TARP) funds until more details are provided about how the funds will be ... (more) Americans Want Details Before Release of More TARP ...

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tpmmuckraker.talkingpointsmemo.com - 1/17/2009
TARP: What Did We Get For Our Money?
— tpmmuckraker.talkingpointsmemo.com — 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 ... (more) TARP: What Did We Get For Our Money?

Comments vote down The Hollywood Liberal found this 1/17/2009found this
openleft.com - 1/16/2009
Dodd Will Not Mirror Frank's Bailout Bill
— openleft.com — I just received confirmation from a congressional aide that Senate Banking Chair Chris Dodd will not introduce legislation in the Senate to mirror House Finance Chair Barney Frank's bill, HR 384, to provide increased conditions, transparency and ... (more) Dodd Will Not Mirror Frank's Bailout Bill

Comments vote down MoJo Blog Posts: mojo found this 1/16/2009found this

Blog Reactions

Matthew Yglesias:  The Bonanza

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Blog Reactions

The Bonanza
Matthew Yglesias — Read Josh Marshall and Paul Krugman on the back-from-the-dead idea that what we need is for the government to spend hundreds of billions of dollars buying up “toxic assets” from banks and then setting up a “bad bank” to warehouse the assets and try to sell them off down the road for whatever they’re worth. In terms of how this should work, it’s actually a close cousin to my preferred solution of nationalization. Under nationalization, you take a “too big to fail” bank whose equity value has plummeted because of problems with its balance sheet, wipe out the shareholders, and nationalize the ...

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