Word: bankses
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Moreover, the specter of insolvency might be looming for some institutions. That calls for a plan to treat zombie banks, one that does not involve more taxpayer money again. This is why it is imperative that Congress proceeds to pass new insolvency-regime legislation to allow for orderly receivership of...
The primary reason taxpayers are skeptical about government spending is that the government is forever finding money that it should not be spending or should not have spent. The special TARP placeholder is a perfect example. Its existence means the people running the financial arms of the Administration have not...
The apparent lack of need for capital by the banks coupled with the desire for the Administration to find new cost cuts in the budget should make the $250 billion "placeholder" a financial anachronism.
Being rich during a recession can almost be as bad as being poor. The only difference is that the rich have more to lose. RealtyTrak, a research firm that follows mortgage trends, recently reported that the foreclosure rate on homes valued at more than $729,750, also known as the...
The losses from the bonds held by banks may be covered by the TARP capital they have received from the government or the money that they have been asked to raise as a result of the "stress test" process. That leaves the more important issue of what it means when...