Most schizophrenic administration ever?

Yesterday’s news: Arrayed around a long mahogany table in the White House state dining room last week, the CEOs of the most powerful financial institutions in the world offered several explanations for paying high salaries to their employees — and, by extension, to themselves. […] But President...

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...

Quick Prime Time Press Conference Reflection

Before I abandon the internet to fight the homework beast slouching towards my desk to be born, I have a few passing thoughts about President Obama’s presser I want to put out into the open:   President Obama did a great job diffusing the onslaught of Republican revisionism in the past couple of weeks...

Is Obama playing chess with bankers, too?

And who’s winning? Let’s get straight to the point: instead of using TARP/bailout money to make loans and get the economy humming again, Banks are reportedly hoarding money to beef up their balance sheets, using TARP funds to pay out dividends and bonuses, or buying up smaller, sicker...