Elsewhere on The Exxchange: Ben Bernanke | Bailout | Federal Reserve | Henry Paulson | SEC | FDIC | TARP |
Prices rose 7.5 percent and stock markets surged, as U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke announced plans to halt the credit-market seizure. Output disruptions from hurricanes in the U.S. and attacks in Nigeria have constrained supplies of crud...
There is just one way to make the US government’s policy towards the banks work. That is for the Congress to vote another $1.5 trillion worth of additional TARP money for the banks - $1 trillion to buy the remaining toxic assets off their balance sheets, and $0.5 trillion worth of additional ca...
Thu, Apr 16 | from naked capitalism