If ever you needed proof that the game is rigged here it is. From the WSJ: Federal Deposit Insurance Corp. Chairman Sheila Bair said Thursday she would be open to letting banks see some of the profits if they dump problem loans that ultimately recover some value. The comments, made in a conference call with […]
Posts Tagged ‘bank bailout’
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No News Is Good News?
Posted by Tom Lindmark on February 8th, 2009
Lawrence Summers in an interview on Fox News Sunday said that the bank bailout plan won’t be announced until Tuesday. It had been scheduled for a roll out on Monday. “There’s a desire to keep the focus on the stimulus” on Monday, so Treasury Secretary Timothy Geithner will release the plans for how to spend […]
February: The Month When We Deal With All Of Our Problems
Posted by Tom Lindmark on February 1st, 2009
The first two weeks of February should be more than a little interesting. By my count three things are going to come to a head. The fiscal stimulus bill will be passed in some form, TARP ll or some sort of banking bailout bill is going to be proposed and the auto companies have to […]
