Tag:
Bailout Package
Latest Headlines
Latest Headlines
Controversy over first TARP banks festers
Did government officials lie to us about the health of the first nine banks to receive TARP funds. Apparently so, according to Neil Barofsky, the special inspector general for TARP. He has concluded that "despite multiple statements to the contrary federal officials had concerns about the health o
Deutsche Bank rejects bailout money
Deutsche Bank is trying to do what no other major bank has done thus far: Say no to government funds. The bank has rejected funds from a 500 billion euro bank bailout package approved by the German government in October. The bank obviously wants to avoid the Faustian restrictions imposed on banks
Government to pass on buying troubled securities
Not to gloat, but I have been suggesting for a while that the government might not go forward with its plans to buy up troubled securities--originally the centerpiece of bailout ambitions. The valuation issues were just too tricky. Now comes word that Henry Paulson has announced that the Treasury
The big loser in the credit crunch?
Here's an interesting question: Just how costly will Citigroup's inability to close the Wachovia deal prove ? Bloomberg notes that Citigroup will soon be relegated to the No. 4 position in the banking world, slipping behind the new big three of Bank of America, JPMorgan Chase and Wells Farg
Jamie Dimon speaks at Harvard
Is Jamie Dimon--who benefited greatly from the crisis; he's now seen as the government's go-to guy--trying to ward of more regulation? It's been suggested that a new Sarbanes-Oxley-like set of rules is coming, which is cause for consternation among some. Speaking at Harvard Business School, Dimon
When the financial focus shifts to regulation...
Hopefully the bailout package that passed will stabilize the markets to the point that the world can start discussing the real issue: how to regulate the financial markets and Wall Street. We've
