Mr. Paulson only has roughly 30 days left in office and somehow he is convinced that he needs to take down the second tranche of TARP funds…
From the
WSJ (emphasis mine):
In the very short-term, the allocated but not yet disbursed TARP balances, in conjunction with the powers of the Federal Reserve and the FDIC, give [...]
The AP reports:
President-elect Barack Obama says the government has been “asleep at the switch” when it comes to overseeing the nation’s financial system.
He says Americans are “feeling frustrated that there’s not a lot of adult supervision.”
A smart but snarky friend points out:
You might appreciate the irony that Citigroup’s [...]
It will be dropping money, lots of money. How much money? Well that all depends on how much it costs to force down interest rates. There have been a lot of articles over the past couple of days regarding this, personally I think this paragraph from the
economist sums it up nicely:
In theory, purchases of [...]
Well, the fed is meeting again shortly, and it appears that they are going to hold the fed funds rate at its current levels. While I’m personally happy they are doing this (I have a floating rate HELOC), I’m not sure this is the best policy given our current ecnomic difficulties.
I am not a fan [...]
