I wouldn’t put myself in the Larry Kudlow “V” shaped recovery camp, but I will admit to having become somewhat more sanguine about the prospects for a self-sustaining recovery. On balance, the numbers have seemed to paint a picture of at least a healing economy. So when I read this in the WSJ this evening […]
Archive for May 10th, 2010
This Wasn’t The First European Bank Bailout
Posted by Tom Lindmark on May 10th, 2010
If you’re like me, you probably bought into the meme that the $1 trillion that was more or less committed yesterday by European nations to forestall inevitable debt restructurings amounts to their version of TARP. While TARP was originally a program to rescue the US financial system (we’ll ignore the slush fund that it degenerated […]