Another day, another bailout, another $800 billion and in the end I’m left scratching my head asking why?, what is the grand plan here?, is there a plan at all?  The full press release from the Fed can be seen below. Let’s take it apart a bit. The Fed is going to lend up to $200 […]

Here is the text of the Fed’s press release for the new lending facilities and expanded use of TARP funds. I will have more to say about this in a separate post. The Federal Reserve Board on Tuesday announced the creation of the Term Asset-Backed Securities Loan Facility (TALF), a facility that will help market […]