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Thinking About the Bank Bailout
Thinking About the Bank Bailout
I have been asked the following question: Should those who supported the bailout at the time believe now that it was a mistake? I don’t think so, but I think that there are important lessons we should learn from the past few months that should inform changes going forward. I think the place ...
McCain against the bailout
politico.com — It would have been a different campaign had McCain sounded in September like he does today: I... regret the President’s decision to give away over $17 billion to the domestic automakers. Just last week, the Senate rejected a bailout plan ... (more) McCain against the bailout
Bailout!
politico.com — Mike Allen has the details: President Bush is announcing a $17.4 billion bailout for auto manufacturers, with... the loans contingent on the firms proving that they can become "viable" ongoing firms. Of the total, $13.4 billion will be ... (more) Bailout!
Thinking About Torture (III)
rossdouthat.theatlantic.com — Naturally, the day that I suggested that conservatives have intermixed evasion and silence on the interrogation issue... was the day that National Review published an editorial on the subject - blasting the Levin-McCain report , and offering a more ... (more) Thinking About Torture (III)
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Another Bank Bailout?
The Daily Dish | By Andrew Sullivan — Manzi sums up where we are at: The bailout appears likely to have helped stave off the immediate emergency we faced less than three months ago. It is very unclear how relatively fragile the credit situation is today versus September and October. While interest rate spreads have declined, it may be that Treasury knows of or suspects specific hidden weaknesses like credit default swaps that might put us right back to four-alarm-fire mode any moment. The endless stream of huge bailout requests has come on more quickly than I ...

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The Citigroup Bailout
economistsview.typepad.com 11/24/2008 — It's bailout time. Let's start with Paul Kedrosky: Good Bank, Bad Bank, and F---ed Bank : Apparently Citibank and the U.S. government (i.e., we taxpayers) have reached a deal whereby we will backstop something like $300-billion in screwed assets on ...
$4 Trillion Bank Bailout?
calculatedriskblog.com 1/29/2009 — From CNBC: Bank Bailout Could Cost Up to $4 Trillion: Economists Goldman Sachs estimated that it would take on the order of $4 trillion to buy troubled mortgage and consumer debt. That number could shrink if the program were limited to only certain ...
Commentary: How to rescue the bank bailout
cnn.com 1/27/2009 — Economist Joseph E. Stiglitz says the strategy followed by the architects of the bank bailout was flawed.
The Next Step for the U.S. Bank Bailout
calculatedriskblog.com 1/17/2009 — 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 ...
New Bank Bailout Could Cost $2 Trillion
online.wsj.com 1/29/2009 — Government officials seeking to revamp the U.S. financial bailout have discussed spending another $1 trillion to $2 trillion to help restore banks to health.
Bank of America Blows Bailout on Execs (video)
youtube.com 1/15/2009 — 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...
Thinking as Children, Thinking as Adults
corner.nationalreview.com 11/3/2008 — One of the regular themes of my political writing is one very insulting to liberals: Liberals are often people who, in their thinking, never grew up -- their thinking remained childlike. This is true when it comes to issues of war and peace; and it's ...
With Bailout Money At Stake, It's Hip To Be A Bank
tpmmuckraker.talkingpointsmemo.com 12/28/2008 — Maybe TPMmuckraker will reorganize as a bank to get our hands on some taxpayer money. After all, everyone's doing it. The Project on Government Oversight (POGO), a good-government group, last week sent a letter to Congressional leaders identifying ...
Bailout Goes Down
corner.nationalreview.com 12/12/2008 — It appears that the auto bailout just went down in flames on the Senate floor. GOP leader Mitch McConnell had this to say: The sticking point that we are left with is the question of whether the UAW is willing to agree to a parity pay structure with other manufacturers in this country by a ...
Bank Bailout and Rescue: Bad Bank 2.0 Now in Treasury Plan - Financials * US * News * Story
cnbc.com 2/9/2009 — The Obama Administration's new bank bailout plan is expected to include a new form of "bad bank" that would essentially combine public and private resources to take bad assets from banks' books, sources told CNBC. In addition, funding for the ...