Commentaries

from Rolfe Winkler:

America’s debt burden starts to shrink*

December 14, 2009

Last week, when I published data showing that U.S. households were beginning to reduce their debt burden, I commented that the government is more than offsetting this with increased federal and state borrowing. I was wrong.

from Rolfe Winkler:

Lunchtime Links 12-11

December 11, 2009

Jamie gets a deal! (Bloomberg) Prof. Linus Wilson had been estimated that warrants the government got as part of its TARP bailout for JP Morgan were worth $11-$37.  They ended up selling for $10.75. The lower price is most likely because these are not common securities, are illiquid, and therefore worth less than we all thought. Can't really complain. The market spoke. Dimon looks smart for refusing to negotiate bilaterally with Treasury to repurchase them. Treasury was driving too hard a bargain. IIn retrospect, that means the deals on TARP warrants for the likes of AmEx and Goldman ended up going off much better for taxpayers. But Hank Paulson still did far worse negotiating with banks for emergency capital than Warren Buffett. Shame.

from Rolfe Winkler:

Evening Links 12-10

December 11, 2009

Loopholes lurk in bank bill (Paletta/Enrich, WSJ) Companies with connections get to buy exemptions...

from Rolfe Winkler:

Households cut debt, have long way to go

December 10, 2009

U.S. households are slowly repairing their (private) balance sheet. We've a long way to go, but according to the latest Flow of Funds report, we're making progress.

from Rolfe Winkler:

Parsons says Citi can repay TARP

December 9, 2009

I've got a question below...but first the story: "Citi positioned to repay TARP, report" (Eder/Wilchins, Reuters) --

from Rolfe Winkler:

Ireland, ahead of the curve

December 9, 2009

At least one country is making tough choices. From John Murray Brown (FT): Ireland poised for harsh budget

from Rolfe Winkler:

Calling all design feedback!

December 8, 2009

Now that readers have had a few days to see the new Reuters blog format, we want to hear from you. What do you like? What do you hate? Send me an e-mail or leave a comment. I've been asked by the design team to compile feedback so now's your chance. Please don't be shy.

from Rolfe Winkler:

CIT to emerge from bankruptcy

December 8, 2009

CIT expects to exit bankruptcy protection on December 10, having filed for it only 40 days previously on November 1. (Chasan, Reuters)

from Rolfe Winkler:

Lunchtime Links 12-8

December 8, 2009

(Reader note: still working on the bugs....please click "continue reading" to see all the links)