Bailout and Financial Crisis News

March 13, 2010 We are about to enter the great debate on financial reform. Unlike other stymied political initiatives, this one is likely to pass. The final form is still unknown but the details are being shaped up, and there is where the devil will emerge. The Obama administration will not cure the [...]

Ben Armbruster writes: Think Progress: Sen. Tom Udall Calls Reid’s Promise To ‘Take A Look At The Filibuster’ A ‘Warning Shot’ To Republicans: Motivated by unprecedented GOP obstruction this year in the U.S. Senate, Sen. Tom Udall (D-NM) recently announced a proposal to revamp the Senate’s filibuster rules at the start of the next Congress. Citing [...]

This week we do some review on a very important topic, the velocity of money. If we don’t understand the basics, it is hard to make sense of the hash that our world economy is in, much less understand where we are headed. But before we jump into that, I want to let my Conversations subscribers [...]

The Implications of Velocity March 12, 2010 By John Mauldin The Velocity of Money Our Little Island World GDP = (P) x (T) P=MV A Slowdown in Velocity Dallas and Thoughts on the Economy This week we do some review on a very important topic, the velocity of money. If we don’t understand the basics, it is hard to make sense of the hash [...]

The Obama administration is considering a Maryland regulator awarded “Consumer Advocate of the Year” and a Massachusetts economics professor known for his Social Security expertise to join Janet Yellen as nominees to the Federal Reserve Board. Yellen, president of the Federal Reserve Bank of San Francisco, is on the administration’s short list to replace Federal Reserve [...]

Former Federal Reserve Vice Chairman Alan Blinder said Friday he fears Congress will fail to act to revamp the financial regulatory system, calling it a “tragedy.” “An astounding fact to me is we are still here in March 2010 and we’ve done nothing in the way of financial reform,” Blinder said in a speech at the [...]

During the financial crisis, GM and Chrysler were bailed out but faced strict re-tooling in order to make both companies financially viable. But what about GMAC, the auto financial giant? Guess we forgot about that one, and now we could be on the hook for $6.3 billion thanks to a lack of an exit plan. ———————————————- AP: The [...]

Good Evening: U.S. stocks continued their recent advance today, and the benchmark S&P 500 has now posted positive closes in eight of the previous nine trading sessions. Though the rally is most likely attributable to price momentum and rising risk appetites, more than a few will credit today’s levitation in share prices to [...]

1) Ryan Avent: Fiscal policy: The “treading water” stimulus: HERE is some food for thought, via Tyler Cowen: “This note shows that the aggregate fiscal expenditure stimulus in the United States, properly adjusted for the declining fiscal expenditure of the fifty states, was close to zero in 2009. While the Federal government stimulus prevented a net [...]

The Majority Leader: Senator Harry Reid Pledges Filibuster Reform: “The filibuster has been abused. I believe that the Senate should be different than the House and will continue to be different than the House,” Reid said. “But we’re going to take a look at the filibuster. Next Congress, we’re going to take a look at it. [...]

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