One of the more perverse features of the bailout/ rescue/ stimulus plan is the fact that ultra-low rates are doing a great deal of damage to senior citizens and those who have been saving responsibly and coninue to attempt to do so.
$C
Treasury Department Takes a Victory Lap
I got this little nugget from Big Brother The Office of Public Affairs in my inbox just now… U.S. Treasury Department Office of Public Affairs FOR IMMEDIATE RELEASE: December 23, 2009 CONTACT: Treasury Public Affairs (202) 622-2960 TREASURY RECEIVES $45 BILLION IN REPAYMENTS FROM WELLS FARGO AND CITIGROUP TARP Repayments Now Total $164 Billion WASHINGTON…
Glass-Steagal Comeback: Maybe a Good Idea…Just Not Now
I don’t have a strong opinion on what a new banking separation rule should look like just yet, but I do feel strongly that now is probably not a great time to ramp something like this up.
Anticlimactic.
Let me get this straight… Citigroup Raising Tens of Billions To Pay Back TARP! The Abu Dhabi Cavalry Rides to the Rescue to Bailout Dubai! Exxon Mobil Announces $41 Billion Buyout of Nat Gas Giant XTO Energy! and the S&P 500 is up (drumroll)….. 7 points. Dow up 32. Wake me up in January, the…
Hot Links: Peregrines Back on Top
Stuff I’m Reading this Morning… Abu Dhabi steps in with a $10 bil Dubai bailout, stocks rally around the world. (Bloomberg) The latest from Tall Paul Volcker, who’s come out of his shell finally. (TBP) Roubini sees the next bubble in the “barbarous metal” that is gold. (Clusterstock) and (LOLFed) 10 Investment Themes for 2010. …
