bailout

The Wall Street Journal is reporting that a plan to bail out Greece to the tune of $41 billion is now being formulated by Germany and France. It might seem as if a bailout is inevitable and that the terms of such a bailout are the only…

The Dutch have now also signalled a firming opposition to a bailout of Greece, adding to the chorus of voices in Germany which are categorically against such a move.  While I had previously said some sort of support could be…

I will be away all week, so I will have a number of guest contributions in that time. Here is a great one from John Mauldin, who I frequently publish.  At the bottom is a blurb on how to subscribe to his newsletter.  It is worth…

Part 1 below is background and analysis   Part 2 is where Hendry and Stiglitz talk bailout with the Spanish Ambassador to the UK. Sparks do fly.

The EU is working feverishly to solve the Greek sovereign debt crisis. Yesterday, in an article in the German-language Financial Times Deutschland, CDU/CSU Bundestag Fraktionschef Michael Meister (the equivalent of Nancy Pelosi in America)…

President Obama made a couple of comments in an interview with Bloomberg BusinessWeek that, while potentially true, point yet again to someone out of touch with populist rage in America.  It seems that Obama is still courting big…

In my view, there is little chance the Germans are going to allow the EU to ride to the rescue of the Greeks. All of the bailout chatter does not really consider the domestic political constraints in Germany. First, a bit of quick…

One of the larger problems in the unfolding meltdown in Greece is the fraud apparently perpetrated by past Greek governments to conceal their true levels of debt. This is having a very adverse effect on Greek credit spreads to (German)…

This is a great graphic showing the money and asset flows in the AIG bailout that makes it far easier to understand why people are calling the AIG bailout a backdoor bailout of AIG’s counterparties.  Take a look. Source CHART OF…

I just received this document from an interested reader. It is a request by Congressman Darrell Issa for a subpoena to be issued in order to facilitate the investigation surrounding the AIG cover-up. Apparently, evidence has now surfaced…