seekingalpha.com - 1/23/2009
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President Obama is just what the market doctor ordered. Investors in financials ( XLF ) were initially racked with fear at the thought of losing the remaining $350 billion in TARP funds to distressed homeowners and small businesses but I don t think this is a negative for financials at all. I ...
online.wsj.com - 1/29/2009
nakedcapitalism.com - 1/26/2009
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nakedcapitalism.com —
Before we get to the particulars of tonight's
Wall Street Journal story, we need to step back...
a second. Just like the war in Iraq, which had a ton of justifications served up by the Bush Administration, none of which added up (and the most obvious ...
(more)
Quelle Surprise! Big Banks Who Got TARP Funds Reduced ...
tbm.thebigmoney.com - 1/24/2009
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tbm.thebigmoney.com —
Although everybody claims to love the market, nobody
really likes the rough-and-tumble of competition that produces the...
essential "creative destruction" of capitalism. At bottom, this abhorrence of competition and change are the common theme that ...
(more)
America's Fear of Competition
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Obama Policy on Mark-to-Market: A Hint?
A Dash of Insight —
... Various observers have labeled a change in the mark-to-market accounting rules as the biggest immediate action affecting stocks. My RealMoney colleague Jason Schwarz thinks that a change is imminent. New rules could preserve visibility for investors in the individual stocks, while providing relief in the calculation of required regulatory capital. Regular readers know that we share this viewpoint. ...
Obama Policy on Mark-to-Market: A Hint?
Daily Markets —
... , where we focus on how politics and public policy affect stocks. Various observers have labeled a change in the mark-to-market accounting rules as the biggest immediate action affecting stocks. My RealMoney colleague Jason Schwarz thinks that a change is imminent . New rules could preserve visibility for investors in the individual stocks, while providing relief in the calculation of required regulatory capital. Regular readers know that we share this viewpoint. We believe that neither the TARP method of adding capital, nor the quest for private investment, can work until ...
Related: tarp 2
The TARP and the Welfare Queens —
Angry Bear
by cactus The TARP and the Welfare Queens Yves Smith had a post up yesterday entitled Quelle Surprise! Big Banks Who Got TARP Funds Reduced Lending . It's worth a read, but essentially the post is true to its title. Which brings me to a post I wrote back in October, right after TARP came to ...
Letter from TARP IG to Rep. Spencer Bachus (R-AL) —
The Big Picture
Below is a letter from Neil Barofsky, Special Inspector General of the Troubled Asset Relief Program to Rep. Spencer Bachus (R-AL). The TARP IG will be requesting TARP recipients to provide –
· a narrative response outlining [their] use or expected use of TARP funds.
· Copies of ...