independent.co.uk - 2/11/2009
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Investors and economists condemned President Barack Obama's financial rescue plan yesterday for being light on details and ducking the vital questions still needing resolution before the global banking system can be restored to order. The US stock market plunged as it became clear that the plan ...
economist.com - 2/14/2009
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economist.com —
FOR a man whose bumper stickers promised “Hope
not Fear”, Barack Obama knows how to scare people.
“If we don’t act immediately,” he told the citizens of Elkhart, Indiana on February 9th, “our nation will sink into a crisis that, at some point, we may ...
(more)
The politics of the recession - Gloom offensive
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Geithner Plan Smackdown Wrap
naked capitalism —
... from the impressive thumb's down from the stock market, the comments from economists and financial commentators are withering. From the Financial Times' Martin Wolf: Has Barack Obama’s presidency already failed? From bank expert Chris Whalen of Institutional Risk Analytics (via e-mail): Real disaster. I am very concerned that the Obama Admin is going pear shaped before the snow even melts. Kevin Logan, senior US economist at Kleinwort Benson: They have a plan for a plan but they don't ...
The Geithner plan — what the pundits say
FT Alphaville —
... and the American public was in some ways less troubling. High-handedness was the hallmark of the Bush Administration; it was only the scale and audacity of the TARP that was the stunner… As we, and increasingly others, have said, the Obama economic team is every bit as captive to Wall Street’s interests as the Bushies were. The differences increasingly look stylistic, not substantive. Treasury Secretary Geithner presented today what in essence was a plan to come up with a plan. Kevin Logan, senior US economist at Kleinwort Benson (HT to Yves Smith): They have a plan for a plan ...
THE FINTAG NEWSLETTER @ 11 February 2009
FiNTAG - Hedge Fund News, Views, Opinions and Gossip —
... Fintag says Guess what. Pricing anomolies is what helps some make money and others lose money (UBS usually). This utopia has been argued for years. With companies like SuperDerivatives trying to do something similar, this is old but new news. INVESTORS AND ECONOMISTS RAIL AGAINST OBAMA BAILOUT PLAN independent ...
No Plan
Bear Mountain Bull —
... and so long as you’re dealing with the old practices and so long as you don’t have a clean audit of the books, the chances are that the bank is going to behave in ways which are not constructive, which do not contribute to the growth of the economy, and which leave all kinds of suspicions present in the system about the integrity of the institution and of the regulatory process. And that’s the problem the Treasury Department seems to be determined not to face. — Tony Crescenzi, an analyst at Miller Tabak : It remains extremely uncertain how the Treasury will entice investors ...
Related Content
Obama Announces New High-Speed Rail System
businesspundit.com 4/16/2009 — President Obama today announced a series of new high-speed rail connections. Most will affect the East Coast. The New York Times reports :
President Barack Obama on Thursday highlighted his ambition for the development of high-speed passenger rail lines in at least 10 regions, expressing ...
Which Bailout Plan is Best?
economistsview.typepad.com 3/23/2009 — Which plan is best, the original Paulson plan where the government buys bad
paper directly, the Geithner plan where the government gives investors loans and
absorbs some of the downside risk in order to induce private sector
participation, or ...
What’s Plan B?
baselinescenario.com 3/25/2009 — One of the determinants of how you feel about the Geithner Plan is what you think will happen if it fails. By “fails,” I mean that the buyers’ bids are lower than the sellers’ reserve prices, so the toxic assets don’t actually get sold.
Brad Delong , for ...
More on the bank plan
krugman.blogs.nytimes.com 3/21/2009 — Why was I so quick to condemn the Geithner plan? Because it's not new; it's just another version of an idea that keeps coming up and keeps being refuted. It's basically a thinly disguised version of the same plan Henry Paulson announced way back in ...
Obama and the Bailout
clubforgrowth.org 12/12/2008 — It is now clear that the UAW pulled the plug on the auto bailout. It seems to me that all this really means is that they think GM and perhaps Chrysler can somehow limp along to Jan. 6 or Jan. 20 when they can pass a bailout that does not require them to work for wages and benefits comparable to ...
Obama’s Bear
optionarmageddon.ml-implode.com 3/5/2009 —
I will preface this post by emphasizing that it is NOT Barack Obama’s fault that the market has fallen so much on his watch. The American economy was grossly over-leveraged before he was even elected to the Senate in 2004.
The stock ...
Obama Declares War on Investors, Entrepreneurs, Businesses, and More
kudlowsmoneypolitics.blogspot.com 2/28/2009 — Let me be very clear on the economics of President Obama’s State of the Union speech and his budget. He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds. That is the ...
Christina Romer on YouTube on the Stimulus Plan
economistsview.typepad.com 1/11/2009 —
Paul Krugman is pushing for more:
More on Romer/Bernstein : Still picking over the Romer/Bernstein
official
evaluation of the Obama economic plan. Again, kudos to the team for
producing such a clear, honest assessment. But ...
"So What is the Plan?"
economistsview.typepad.com 2/11/2009 — Paul Krugman says the Treasury's bailout plan is a bit vague:
The Rorschach plan (wonkish, or at least hard to read), by Paul Krugman : An
old joke from my younger days: What do you get when you cross a Godfather with a
deconstructionist? ...
Obama stimulus could reach $1 trillion: report
| U.S.
reuters.com 12/15/2008 — NEW YORK (Reuters) - President-elect Barack Obama's team is considering a plan to boost the recession-hit U.S. economy that could be far larger than previous estimates and might reach $1 trillion over two years, the Wall Street Journal reported on ...
More Gloom, Please —
The Big Money 2/11/2009
In the past week, the stock market reacted erratically to two huge government actions intended to shore up economic confidence. As this five-day chart of the Dow Jones industrial average shows, stocks rallied last Thursday and Friday as a deal ...
Politics this week —
The Economist: Full print edition 2/12/2009
Tim Geithner unveiled a long-awaited rescue plan for America’s financial system. The treasury secretary said banks would get more government cash if they need it, the Federal Reserve would expand its lending programme and private investors ...
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