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calculatedriskblog.com - 1/17/2009
The Next Step for the U.S. Bank Bailout
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From the WSJ: U.S. Plots New Phase in Banking Bailout Officials at the Treasury, Federal Reserve and Federal Deposit Insurance Corp., in consultation with the incoming Obama administration, are discussing a plan to create a government bank that would buy up the bad investments and loans that ...
krugman.blogs.nytimes.com - 1/18/2009
More on the bad bank
— krugman.blogs.nytimes.com — OK, I've been doing more homework on the "bad" or "aggregator" bank idea that seems to be gaining ground. And here's what I think: it's mainly based on a false analogy. What people are thinking about, it's pretty clear, is the Resolution Trust ... (more) More on the bad bank
Comments vote down Eschaton found this 1/18/2009found this
mcclatchydc.com - 1/16/2009
Bank of America to get $20 billion in emergency funds
— mcclatchydc.com — WASHINGTON — With a new round of turmoil gripping the financial markets, the Bush administration late Thursday night rushed $20 billion in emergency funding for Bank of America. (more) Bank of America to get $20 billion in emergency funds

Comments vote down Michelle Malkin found this 1/16/2009found this
Bank of America Blows Bailout on Execs (video)
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youtube.com - 1/15/2009
Bank of America Blows Bailout on Execs (video)
— youtube.com — http://seiu.org/bofa Taxpayers have given Bank of America $25 billion in bailout funds to help jumpstart our economy, but instead the bank has misspent on ex... (more) Bank of America Blows Bailout on Execs (video)

Comments vote down DownWithTyranny! found this 1/15/2009found this

Blog Reactions

The Moderate Voice:  Enough!

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Blog Reactions

Enough!
The Moderate Voice — ... That said, even if you don’t agree that we should be resigned to another Depression, the way that the government is trying to prop up the financial system is ludicrous. I hope that this report is wrong or at least incomplete. If the government is going to buy massive amounts of bad debt, there is only one route: soft nationalization. The banks have messed up so much that without help they will fail, but if the government is going to assume all the risk, it should assume all the rewards as well. There is a so called ...

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