economicsofcontempt.blogspot.com - 3/16/2009
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I'm a structured finance lawyer with a background in economics and, unfortunately, politics. I chose "Economics of Contempt" as a title because a judge once told me after a trial that he would have held a particularly, um, "outspoken" client of mine in contempt, but he was afraid that I'd write ...
bloomberg.com - 3/17/2009
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bloomberg.com —
March 17 (Bloomberg) -- The U.S. risks sending
the world into a depression as its bailouts of
failed companies rob healthy businesses of capital, investor Jim Rogers said. “The U.S. is taking assets from competent people and giving them to ...
(more)
U.S. Bailouts Add to Risk of Depression, Rogers Says ...
interfluidity.powerblogs.com - 3/12/2009
Comments
Blog Reactions
AIG: $105 Billion to Counterparties
The Big Picture —
... Some of this money was properly returned: $43.7 billion paid against lent securities is a perfectly valid transaction. $12.1 billion tied to guaranteed investment contracts paid to US states (California and Virginia in particular) is less clearcut — were these transactions with AIG the Insurer or AIG the hedge fund? ...
Been Caught Stealing
Daily Options Report —
... Some of this money was properly returned: $43.7 billion paid against lent securities is a perfectly valid transaction. $12.1 billion tied to guaranteed investment contracts paid to US states (California and Virginia in particular) is less clearcut — were these transactions with AIG the Insurer or AIG the hedge fund? ...
Related Content
Back to One-Off Bailouts
alephblog.com 9/30/2008 — The House vote rejecting the Bailout bill leaves us where we were before : the Treasury, FDIC, Fed, and all the quasi-financial arms of the government do one-off bailouts as needed. That may be better than the proposed bailout for a number of ...
The Bailout of All Bailouts is a Bad Idea
robertreich.blogspot.com 9/19/2008 — Talk today about the Bailouts of All Bailouts eased market fears and generated a giant rally on the Street, but how realistic is it? On Capitol Hill, Senator Charles Schumer suggested that government inject funds into financial companies in exchange ...
Secretary of Bailouts
online.wsj.com 11/24/2008 — [Review & Outlook] AP Timothy Geithner with Ben Bernanke.
How the Bailouts Should Have Gone
ritholtz.com 9/2/2009 — I did a short interview with Rick Newman of US News on the state of Bailouts. Here is a quick excerpt:
“The ideal bailout is not a bailout of reckless financiers. It’s like the government equivalent of a hospice for dying companies, ...
Bailouts should be no fun
econbrowser.com 1/25/2009 — If everybody wants a bailout, that's a good indication that we're making some mistakes.
Despair inc-Official website
despair.com 7/27/2009 — AIG, Citigroup, Bank of America, JP Morgan GM, Chrysler, & GMAC Fannie Mae & Freddie Mac Several hundred other recipients of taxpayer welfare Disaffected college students WISH this was about them. And in a way it is. Since they're the ones who are ...
The trouble with bailouts
meganmcardle.theatlantic.com 11/13/2008 — As we ponder bailing out auto manufacturers, I can't help but think of this classic from Tom Lehrer: Lots of industries are going to be in trouble over the next few years. Airlines, for example; everyone cuts back on travel when times are hard. ...
More Bailouts… Are You Still Angry?
lazymanandmoney.com 12/12/2008 — Goalhunter Says: December 9th, 2008 at 6:20 am Hey, you got it right about the money just circulating. It’s like your blood, when the blood stops circulating then the organism dies. Even if you have all the blood you need it can’t be static. That’s ...
How to help the auto sector: Looking beyond bailouts
VoxEU.org 2/5/2009 — Johannes Van Biesebroeck , 4 February 2009 This column proposes ending six policies that hamper the US automotive industry. It suggests replacing discretionary environmental policies with a CO2 tax, addressing legacy costs, ending the distinction ...
Bailouts Are A War Against Reality
businessinsider.com 3/6/2009 — metldown_tbi.jpg Why can't the government find the right way to bail out the financial system and the housing market? Historian Tom Woods has a provacative answer: it's a fruitless war against reality. No matter what steps we take, prices will fall to ...
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