The Plan for what, exactly?

From the Treasury Department: To address the challenge of legacy assets, Treasury – in conjunction with the Federal Deposit Insurance Corporation and the Federal Reserve – is announcing the Public-Private Investment Program as part of its efforts to repair balance sheets throughout our financial system and...

Since we didn’t do a podcast this week

You have time to listen to this podcast...

The $5.4 trillion we’ll pay if the stimulus package doesn’t work

A major sticking point with the bailout discussion is cost. Republicans have blared endless about just how much a trillion dollars is — a stack of $100 totaling a trillion could reach Pluto or something, go around the globe at the equator eight zillion times, etc. One facet of the stimulus package...