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Where are your TARP funds going? And they are yours, you know. Those $700 billion will be financed [...]
A great graph by EconomPicData shows just how much of the cash dolled out by Hank Paulson will actually remain in the system. The bottom line? From the $125 billion handed out to-date to the largest 9 banking institutions a mere $17 billion will go towards recapitalizing the system. The rest? Yup – bonuses and [...]
We can now enter a new acronym into our lexicon: TALF. And what is TALF? The Federal Reserve and the Treasury announced on November 25th that a Term Asset-backed securities Loan Facility will be created to provide liquidity for purchasers of ABS?s (Asset-Backed Securities, which include mortgage-backed securities). Asset-backed securities also include student loans and [...]
A guest post from Frank Shump. Frank is a veteran from the financial services industry, and currently authors a blog called Thefinancecastle.com, which documents his thoughts on money matters and his adventures in self employment.
Thus far, all indications seem to lead us to believe that the Federal Reserve can solve economic problems by throwing massive [...]
A guest post from Frank Shump. Frank is a veteran from the financial services industry, and currently authors a blog called Thefinancecastle.com, which documents his thoughts on money matters and his adventures in self employment.
From its inception, the primary focus of the $700 billion bailout package was on businesses or, more importantly, banks and financial [...]
I’m glad Hank Paulson is standing firm on his $700 billion bailout that he’s burdened us with. In his speech today he said that the bailout doesn’t protect every bank from failing. Phew, now I feel better that the $700 billion is not just the first round of drinks, but rather the entire bar [...]
A guest post by new Blownmortgage.com contributor, MG Dungan. MG has gone from Wharton to Wall St. to real estate to Blown Mortgage. And we’re excited. I hope you are too.
After last week, and last weekend in particular, we can?t help but wonder who?s next.
Although possibly a ploy to gain passage of the Paulson Bailout Plan, [...]
This guest post is from: Constantine von Hoffman, a veteran business journalist and writes the blog CollateralDamage.biz, a humorous look at marketing, business and his dog. If you’d like to submit a guest post drop me an email.
Every news story about the bailout makes it sound as if Friday is some sort of do-or-die deadline. It’s not. It [...]
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