Bailout and Financial Crisis News

From Shahien Nasiripour at the Huffington Post: Obama Foreclosure-Prevention Plan Lagging, New Data Shows Only about a third of the homeowners who have successfully completed the trial period of the Obama administration’s mortgage modification program have been offered permanent relief, according to new federal data obtained by the Huffington Post. The conversion rate — about 33 [...]

by Christopher Flavelle, ProPublica - March 9, 2010 10:41 am EST The Obama administration has paid out $314 billion of the nearly $800 billion American Recovery and Reinvestment Act, according to our weekly breakdown. That figure, which includes $195 billion in spending and an estimated $119 billion in tax cuts, is just shy of 40 [...]

Via Bruce Bartlett, I introduce you to the next Senator from the great state of New York, David Malpass. Dear Friends and Colleagues, As many of you know, I believe strongly in our country’s future, but have been dismayed at the decisions Washington has been making and their impact on New York state. The problems [...]

(This guest post originally appeared on Congressman Boehner’s blog) A new White House blog post marks the beginning of the Obama Administration’s last-ditch, 11th-hour, now-or-never, line-in-the-sand, this-time-we-really-mean-it push for a government takeover of health care by railing against - wait for it - higher insurance premiums. The American people’s health care costs are going up, you say?  [...]

1) Rebecca Wilder: The end game for Europe: wage cutting and the battle for exports: Latvia’s model: drop wages to increase export income. Greece: drop wages to increase export income. France, Germany, Spain, Portugal, etc., etc. It’s impossible that the whole of the Eurozone will drop wages to increase export income. It’s especially bad for [...]

Clive Crook, February 10, 2009: Fiscal stimulus: repent at leisure: The administration was right to press for a big fiscal stimulus, I think, and it is better to have the bill that emerged from Congress than none. (The FT called it ugly but necessary: I couldn’t have put it better myself.) Still, if ever a rushed [...]

(This post previously occurred at The White House blog) The last few days have brought even more evidence that the health care status quo is working out great for the insurance companies – at the same time as it continues to fail American families and businesses. No wonder the insurance companies are spending millions and millions [...]

1) Robin Wigglesworth: Moody’s downgrades Abu Dhabi companies: Moody’s downgraded government groups in oil-rich Abu Dhabi on Thursday, after reviewing state-linked entities following neighbouring Dubai’s $22bn debt restructuring. The troubles at Dubai World, the debt-laden conglomerate owned by Abu Dhabi’s northern neighbour, has rattled financial markets and led many people to question the level of government [...]

There are mixed forces impacting the valuation of municipal bonds. Some are Muni-favorable; they get little respect these days. Some are Muni-bad; they engender fear in bond buyers. One of the bad ones (MAGI) is obscure but poses a risk down the road. Muni-favorable forces include the fact that higher income tax rates [...]

There are mixed forces impacting the valuation of municipal bonds. Some are Muni-favorable; they get little respect these days. Some are Muni-bad; they engender fear in bond buyers. One of the bad ones (MAGI) is obscure but poses a risk down the road. Muni-favorable forces include the fact that higher income tax rates [...]

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