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baselinescenario.com - 1/16/2009
The Funding for Recapitalization
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Congress is now debating how to use the second half of the TARP. I suggest that all $350bn should be used for bank (and other regulated financial institution) recapitalization, providing this is done in a comprehensive manner (the details of this argument are now on WSJ.com ). And I suspect ...
cboblog.cbo.gov - 1/16/2009
Troubled Asset Relief Program (TARP) Report
— cboblog.cbo.gov — CBO is required by law to report semiannually on OMB’s assessment of expenditures under the Troubled Assets... Relief Program (TARP). Today, CBO released the first of these reports . (For more on the TARP program, this blog post from October ... (more) Troubled Asset Relief Program (TARP) Report

Comments vote down Economist's View found this 1/16/2009found this
ritholtz.com - 1/13/2009
The Terrible Lessons of TARP
— ritholtz.com — With the government now debating the release of the second half of the TARP funds, perhaps now... is as good a time as any to look at how successfully spent the first $350 Billion dollars were. The evidence is not very favorable. What I can say ... (more) The Terrible Lessons of TARP

Comments vote down Bear Mountain Bull found this 1/13/2009found this
house.gov - 1/10/2009
House Financial Services Committee
— house.gov — Washington, DC - House Financial Services Committee Chairman Barney Frank (D-MA) today introduced H.R. 384, the TARP... Reform and Accountability Act to amend the Troubled Assets Relief Program (TARP) provisions of the Emergency Economic Stabilization ... (more) House Financial Services Committee

Comments vote down BloggingStocks found this 1/10/2009found this

Blog Reactions

TRUTH ON THE MARKET:  More (less) on the costs of stimulus

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Blog Reactions

More (less) on the costs of stimulus
TRUTH ON THE MARKET — This is what I’m talking about in my last post: We can continue to debate the size and nature of the stimulus, of course, but roughly $800bn seems right and the mix of spending and tax cuts currently proposed also makes sense. Yeah, roughly $800,000,000,000, give or take a few zeros.  Y’know, back of the envelope.  Seems about right.  Good enough for government work.  Maybe throw in an extra $100,000,000,000 in case I forgot to carry the one. Can someone point me to the relevant math that supports this conclusion? ...

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