bailout

Marshall Auerback here. I have a few thoughts about AIG and what it means politically and for American banks. The episode may have already made it much harder to get any support in Congress for bailing out more banks in the future. The…

This video from the Charlie Rose show should give one a fairly complete view of most of the relevant finance and political issues surrounding the AIG situation. (hat tip Calculated Risk) Participants include bank analyst Meredith Whitney…

As I mentioned in my post, "TALF: A bailout if one reads the fine print" the TALF is not a program ONLY for U.S. institutions. It is a vehicle for re-starting the U.S. asset-backed securities credit markets. In fact, the first recipient…

An article in the FT caught our eye that makes plain that the TALF (Term Asset Security Program) is a bailout for the shadow banking system (HT Tom). The bailouts for the banking industry continue unabated despite a change in Administration…

Most ordinary Americans feel a certain sense of rightoues indignation about the helping hand the U.S. banking industry is receiving from government. This sense of aggrievement is only made worse by suggestions that governemnt is not only…

Marshall Auerback here. I have a few words about the Term Asset-Backed Securities Loan Facility - otherwise known as the TALF. Economist Paul Kasriel of Northern Trust confirms my interpretation, namely that we get stuffed holding these…

The details on Obama' new mortgage relief plan are out. The key parts are the following:

About a week ago I reported on an Austrian story that the EU was gearing up for a bailout of any eurozone members which found themselves in difficulty (see my post, "EU planning 200 billion euro package for Eastern Europe". This report is…

Banks do not have enough tangible common equity to make the grade on Tim Geithner's stress tests. That means the government will have to step in and bail them out. I will call this creeping nationalization. Paul Miller of FBR Capital…

Marshall Auerback here. Unlike Ed, I like to call a spade a spade regarding the Obama Administration's economic gurus. The more they screw up, the greater the number and depth of the crises, the greater the responsibility/ power Obama…