All Posts Tagged With: "TARP"

post thumbnail

Feds Have Used the Correction to Increase Their Power and Add to Their Wealth

Noooo… We’re talking about a worthy correction…a real correction…a noble and distinguished correction…a correction that can hold its head up in public.

October 14th, 2009 | Bill Bonner | 0 comments | Continued
post thumbnail

Can Governments and Central Banks Prevent More Credit Writedowns?

Are we changing our tune, then, about what to expect from markets? Not one bit. But the question now is timing. The collapse of 2008 was so severe because of the sudden reduction in leverage in the financial sector. As assets fell in value, the most highly leveraged firms (or lenders who raised money by selling debt) went out of business.

October 12th, 2009 | Dan Denning | 34 comments | Continued
post thumbnail

Aren’t You the Least Bit Suspicious that Goldman is Talking Up the Banks?

Goldman Sachs has raised its rating on large banks to “attractive.” In related news, Neal Barofsky, the special inspector general for the Troubled Asset Relief Program has said that the Feds may have, er, not quite told the truth about the health of the banks receiving TARP funds. He didn’t use the word, lie though. How are these two items related? We’ll explain below.

October 6th, 2009 | Dan Denning | 4 comments | Continued
post thumbnail

For the GSEs the Rest Has Been History

Even though the GSEs enjoyed lower borrowing costs than other corporate borrowers because of their implied U.S. government guarantee, he said, they would face higher borrowing costs if interest rates spiked. If that were to happen, the GSEs would likely be unable to grow their balance sheets or earnings.

May 14th, 2009 | Dan Denning | 1 comment | Continued
post thumbnail

America’s Debt Woes

Mr. Timothy Geithner was the man who was on watch when the ship ran aground. His job, as head of the Federal Reserve Bank of New York, was to keep an eye on Wall Street. Now, he’s come forward with a new $1 trillion plan to get the boat back on the water.

March 30th, 2009 | Bill Bonner | 5 comments | Continued
post thumbnail

Bernanke’s Stunning Plan

“This is a very powerful and aggressive move,” said the chief economist at Bank of New York Mellon Corp., speaking with Bloomberg Television. “One of the reasons I’ve been arguing we won’t have a depression is we’ve got a Fed chairman who understands the problem and is going to come with the right diagnosis and the right medicine.”

March 23rd, 2009 | Bill Bonner | 0 comments | Continued
post thumbnail

A CAP to Replace the TARP

The share market is digesting the ambitious speech Barrack Obama gave to the U.S. Congress. He’s going to cut the U.S deficit in half, increase spending, provide universal health care, improve education, replace oil with alternative energy, introduce a carbon cap and trading scheme…and that’s just before lunch! You have to wonder what kind of Kool Aid the folks in Washington are drinking…

February 26th, 2009 | Dan Denning | 0 comments | Continued
post thumbnail

The Economic Panic of 2009

His whole presidency rests on getting this bailout thing right. If he does, he’ll be a hero. If he doesn’t, the economy will go into a Japan-like slump and he’ll spend his entire time in office dealing with people looking for handouts – zombie banks, comatose corporations, and desperate households.

February 13th, 2009 | Bill Bonner | 4 comments | Continued
Subscribe to the Daily Reckoning

© Copyright The Daily Reckoning Australia & Port Phillip Publishing Pty LTD 2009 All rights reserved.

Port Phillip Publishing Pty Ltd holds an Australian Financial Services License: 323 988. View our Financial Services Guide.

ACN: 117 765 009 ABN: 33 117 765 009

Port Phillip Publishing
Attn: Daily Reckoning Australia
PO Box 899
Braeside
VIC 3195

Tel: 1300 667 481
Fax: (03) 9558 2219

SEO Powered by Platinum SEO from Techblissonline