Commentaries

from Rolfe Winkler:

Evening Links 12-23

December 23, 2009

(Reader note 1: posting will be light through the weekend....taking a few days off)

from Rolfe Winkler:

Lunchtime Links 12-22

December 22, 2009

Furlough alert 1--Yahoo imposes week long shut down (Vascellaro, WSJ)

Furlough alert 2 --City of Chicago to shut down Xmas Eve to save cash (CBS2)

TARP deadbeat list grows to 55 (Applebaum, WaPo) Up from 33 banks + AIG last quarter.

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)

from Rolfe Winkler:

Evening Links 12-7

December 7, 2009

Update from this morning: Neel Kashkari joins PIMCO (Ishmael, Alphaville)

TARP cost estimate falls $200 billion (Somerville, Reuters) Even after this latest reduction, the administration still estimates TARP will cost $141 billion. We may be getting more back than we though, but we're not making money. Remember, the Fed still has north of $1.0 trillion or mortgage-backed securities on its balance sheet, the value of which is not clear.

from Rolfe Winkler:

TARP may pay down debt

November 12, 2009

From Deborah Solomon and Jonathan Weisman at WSJ:

The administration wants to keep some of the unspent [TARP] funds available for emergencies, but is considering setting aside a chunk for debt reduction, according to people familiar with the matter. It is also expected to lower the projected long-term cost of the program -- the amount it expects to lose -- to as little as $200 billion from $341 billion estimated in August.

A death panel for Citi

September 15, 2009

It’s way too soon for the federal government to contemplate reducing its considerable equity stake in Citigroup.

from Rolfe Winkler:

Geithner: Some rescue programs will end, others won’t

September 10, 2009

Tim Geithner testified before the Congressional Oversight Panel for TARP this afternoon. A few interesting comments with respect to Treasury's bailout initiatives:

from Rolfe Winkler:

Bailout “profit” is taxpayers’ loss

September 1, 2009

Charging a bank for an implicit government guarantee to absorb losses? According to the Wall Street Journal, the Federal Reserve and Treasury are demanding that Bank of America pay $500 million to exit a bailout deal that was never actually signed.

Recycle the TARP

September 1, 2009

The U.S. insurance fund for bank deposits is running out of money. At the same time, some of the big institutions that received federal bailouts last fall have repaid more than $70 billion to the Treasury Department, and more checks to the government may be in the mail soon.

Aegon raises money to repay the taxpayer

August 13, 2009

Aegon headquartersLONDON, Aug 13 (Reuters) – As stock markets rally, a chief executive’s thoughts turn to getting the government off the shareholder register.