Bailout and Financial Crisis News

Senior Obama administration officials say the nation’s economic recovery could stall if Congress doesn’t pass a climate bill this year. The officials warn that investors are so uncertain about the future cost of emitting greenhouse gases that they are sitting on capital rather than pouring it into “clean” technology, new power plants or energy-intensive manufacturing. The administration [...]

Ratings agencies are pushing for European governments to adopt more stringent fiscal plans, but no one seems to be seriously biting as the threat of real sovereign crisis continues to loom. According to Edward Hugh at Fistful of Euros, the problem isn’t just the new spending states like the UK, France, and Spain engaged in during [...]

(This guest post originally appeared at The Senator’s website) Mr. President, last Thursday, the bankruptcy examiner for Lehman Brothers Holdings Inc. released a 2,200 page report about the demise of the firm which included riveting detail on the firm’s accounting practices.  That report has put in sharp relief what many of us have expected all along:  [...]

Canada’s top finance official visited New York Monday, delivering a triumphant message that flagged the relative health of his nation’s economy and public and private finances. In his remarks, Canada Minister of Finance Jim Flaherty also emphasized what his nation considers prudent financial reform, arguing taxes on capital and on financial transactions are wrong and would [...]

Outlook: The Week Ahead in U.S. News MarketWatch’s Stacey Delo has a preview of what will figure into the business and financial headlines in the coming week. ~~~ Asia’s Week Ahead Bank of Japan’s policy decision is a major highlight next week, along with the release of Reserve Bank of Australia’s policy-meeting minutes. MarketWatch’s Andria Cheng reports. ~~~ Europe’s [...]

Greece may be doing all the right things to revive our economy, but not everyone may want us to succeed. To succeed, the international community needs to address the threat of speculation and ill-regulated markets — a threat that imperils not only Greece but the entire global economy. I see that threat every day as we manage [...]

Can People Please Stop Claiming That Ramesh Ponnuru Is a Reasonable Conservative Now? Outsourced to Matthew Schmitz, who reads Ponnuru and Lowry on the infringement to our liberty that is mass transit so that we do not have to: Rich Lowry and Ramesh Ponnuru have replied to a criticism made by me and others of their attack [...]

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 [...]

The Greek crisis was basically a story that started last year on thanksgiving (when Dubai World defaulted, and everyone started askign who the next wo0uld be to go), and ended last Friday, when Greece floated a bond, and it became glaringly obvious that despite their negative public postures, the leaders of France and Germany had [...]

An eclectic brew of reads today: • One Year Later… (Market Talk) • Lessons NOT to learn from anniversaries (Marketwatch) • 43% have less than $10k for retirement (CNN/Money) • Europe bars Wall Street banks from government bond sales (Guardian) • Why every nation cooks its books (MSN) • Whither securitization? (The Deal) • Slashing the Deficit without Massive Tax Hikes (BusinessWeek) • [...]

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