Tag Archives: TARP

  • Blog

    Daily Digest – Apr 17

    by Davos

    Friday, April 17, 2009, 2:52 PM

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    • Treasury Department Issues Emergency Recall Of All US Dollars (Video, Humor, H/T JKibbe)
    • Behind the Curtain 4/9/09
    • CPI Down; Solely Due to Transportation
    • February Monthly TIC Flows Negative Again…
    • Bank Stress Tests, Explained (Video)
    • Is Recovery Just Around the Corner?
    • RPT-FEATURE-Politicians also to blame for crisis, say bankers
    • General Growth Files Biggest U.S. Property Bankruptcy
    • Stage 3 Tsunami Building up Again. SB 1137 Delay and Toxic Mortgages
    • A Good — er, Bad — Connection
    • Tarp-o-Meter, Keeping track of who’s paying back
    • The End of Final-Salary Pensions?
    • Central Banker Fun & Games…
    • Swiss citizens think a large Swiss bank will fail
    • Read More »

  • Blog

    America is Being Looted

    by Chris Martenson

    Tuesday, April 14, 2009, 1:20 PM

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    As cynical as I am, I just can’t keep up.

    That sentence is a paraphrase of a quote by Lily Tomlin that reads, “No matter how cynical you become, it’s never enough to keep up.”

    I have long been a cynic of the bailouts, and, unfortunately, I cannot detect even the slightest sliver of daylight between the prior and current administrations. The reason, I fear, is captured by this quote from Simon Johnson, the former Chief Economist at the IMF and current professor at MIT’s Sloan School of Management:

    The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.

    The unfortunate conclusion here is that our system and processes are fully “captured” by a tangled web of interests that serve themselves over everything else. Your future, my future, and our future is being systematically ruined by a self-interested group of insiders that can no longer distinguish between their good and the common good.

    Here’s the latest string of outrages from this week.

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  • Blog

    Daily Digest – Apr 14

    by Davos

    Tuesday, April 14, 2009, 1:10 PM

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    • Another House Price Round Trip to the 1990s
    • Uncle Jay Explains the News – Soclalism Video
    • Treasury Directs GM to Prepare for BK
    • Baltics: Fitch downgrade and more downgrades to come
    • Protest at the San Francisco Fed
    • California Budget and Economy Examined: 8th Largest Global Economy Still on the Brink.
    • Is TARP Investigator on Collision Course With Treasury on Bank Assets?
    • China Cuts Purchases of Treasuries and Foreign Bonds
    • They shoot real estate agents, don’t they? (H/T Zombie210)
    • Michigan Facing "Economic Katrina" If GM Files for Bankruptcy, Rep. McCotter Says (H/T Christopher Peters)
    • Bear Attack (Video H/T CM)
    • Phone Taxes are Cell He$&
    • Read More »

  • Blog

    Daily Digest – Apr 10

    by Davos

    Friday, April 10, 2009, 3:03 PM

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    • Elizabeth Warren: TARP Congressional Oversight Panel (Really good video)
    • It’s a depression, alright
    • Nothing Changes 1934 vs 2009, Planned Economy or Planned Destruction?
    • Quelle Surprise! Bank Stress Tests Producing Expected Results!
    • Congressional Panel: Fire Managers, Liquidate Banks
    • CRE: Rents Fall 24% in San Francisco, Landmark Foreclosure in Atlanta
    • Mike Mayo: writedowns worse than the Great Depression (Video)
    • Marketing Consumerism in the Boom and Bust Economy: 4 Advertisements Showing the Shift in Consumer Buying Habits: Pizza, Airlines, Real Estate, Toxic Assets, and the Simpsons.
    • Resign Summers (H/T JoeManC, Video)
    • Job cuts needed to stop NY bankruptcy: mayor
    • Geithner’s Stress Test "A Complete Sham," Former Federal Bank Regulator Says
    • Just 53 Percent Say Capitalism Is Preferable To Socialism
    • Pensions Facing a Cash Flow Collapse?

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  • Blog

    Daily Digest – Mar 31

    by Davos

    Tuesday, March 31, 2009, 2:50 PM

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    • Funnies
    • Russia backs return to Gold Standard to solve financial crisis
    • Russia, China cooperate on new currency proposals:
    • OCC 4th Quarter Derivatives Report…
    • Closer Than I Thought?
    • Jim Rogers (Video US Dollar)
    • AIG Employee Bonuses a ‘Missed Opportunity’ (Video)
    • The Quiet Coup
    • No Time For T-Bonds (H/T Suzie)
    • US bank bailout fund down to $135 bln

      Read More »

  • Blog

    Daily Digest – Mar 28

    by Davos

    Saturday, March 28, 2009, 10:51 AM

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    • Jim Rogers: Facts on Geithner
    • Inside California’s Tent Cities (Slide-show)
    • Geithner Plan II
    • Bill Moyers: William Greider (Video, Hat Tip SteveS)
    • Fiasco (Audio) (H/T CB)
    • Week #13, Bank Failure #21?
    • Falling Oil Supply Risks a Price Rise
    • Frontline: $10 Trillion and Counting (Video)
    • U.S. Public Debt 12.7 trillion
    • Wave Goodbye to the Bankrupt Joneses: Deconstructing the American Dream. The Shifting Financial and Societal Goals of a Country Mired in Debt (Many, many charts on page)

      Read More »

  • Blog

    Daily Digest – Feb 11

    by Davos

    Tuesday, February 10, 2009, 11:45 PM

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    • Pink Slips At Wal-Mart HQ
    • UBS to Cut 2,000 Jobs After a Huge Loss
    • SIRIUS Bankruptcy
    • Boomers – your crisis has arrived
    • China Needs U.S. Guarantees for Treasury Bond Holdings, Yu Says (Hat Tip Homosapiens)
    • Russia Companies Asked by Banks to Hold Debt Talks
    • Four Bad Bear Markets, Down 1929-1932; S&P 500 1973-1974; 2000-2002; 2007-2009 (Update)
    • Wholesale Sales (Durable vs. Non-Durable Goods
    • Revolving Credit Free Fall
    • More…

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  • Blog

    Daily Digest – Feb 10

    by Davos

    Monday, February 9, 2009, 2:53 PM

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    • California: Closed for business (Video), Judges back a one-third reduction in state prison population (Hat Tip Propamanda) and Redding City Council votes to lay off Six Cops, 3 Firefighters (Hat Tip GregRoberts)
    • Videos: Nouriel Roubini, Dr. Doom & the Black Swan, Obama
    • Charts:  Lose the News, Same Store Sales, Job Losses in Post WWII Recessions, TARP Review: Taxpayers Paid too Much, Analyst’s Recommendations
    • A Look at 10-Year Market Returns
    • Why Analysts Keep Telling Investors to Buy
    • GM, Chrysler May Face Bankruptcy to Protect U.S. Debt
    • Dealing pain to bank bondholders
    • Bad Bank 2.0 Now in Treasury Plan
    • Market Wrap Week Ending 02/06/09 
    • Rising treasury yields
    • Credit agency downgrades ratings for 22 countries 
    • CBOT Debt Service Estimates (Repost) (Table on page 2)
    • Bank Failures May Reach 1,000 on Bad Loans, RBC Says

    Read More »

  • Blog

    Daily Digest – Feb 7

    by Davos

    Saturday, February 7, 2009, 3:31 PM

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    • US Inflation Could Hit 200%: Dr. Doom (Video in Article)
    • States to Congress: Send money fast
    • Martin Wolf, Dreadful Davos (Video, Charlie Rose)
    • Agreement Reached on Economic Stimulus, Senators Say
    • Japan’s Big-Works Stimulus Is Lesson  (Hat Tip Daring1)
    • the crisis in japan (Hat Tip G Thomson)
    • New jobless claims jump more than expected to 626K (Hat Tip G Thomson and WendyT)
    • Bill Gross (Video in article) Trillions needed from govt.
    • TARP Shortchanged Taxpayers $78 Billion, Panel Says
    • What would trillions be like? (Video, Humor!)
    • Bank Failure #7 (in 2009/Week #5)
    • Treasury’s Geithner To Unveil Financial Plan Monday
    • Changes in I.S. Employment (Cart)
    • Unemployment Rate vs. Broader Total Unemployed (Chart, Repost)
    • Cumulative Job Losses: Getting Worse With Time (Chart)
    • Cumulative Job Losses: Getting Worse With Time (Article)
    • Where does your state rank? (Tabs for Unemployment, Budget Deficit and Foreclosures)
    • CBOT Director’s Blog, Macroeconomic Effects of the Senate Stimulus Legislation Letter
    • the most important chart in the world
    • Uncle Buck back on the examination table…
    • Gold Disconnects from USDollar
    • TARP Recipients Paid $114 Million to Lobby Lawmakers
    • Marc Faber, Gloom, Boom & Doom, Stimulus is going to be a disaster! (Video) 
    • Comedy Central (Cluster…to the poor house economic recovery plan, Humor)

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  • Blog

    Daily Digest – Feb 6

    by Davos

    Friday, February 6, 2009, 1:37 AM

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    • It’s Not Going to Be OK (Hat Tip CM) 
    • Toyota shuts down all but one assembly line (Hat Tip PineCarr & CM)
    • US credit card delinquencies at record high 
    • Bonus Babies: The Big Tarp Recipients and their Booty (Table)
    • Neel Kashkari on the Market Crisis & Asset Relief, FORA.tv
    • Unemployment Chart
    • New jobless claims jump more than expected to 626K (Hat Tip WendyT)
    • New Home Sales and Recessions (Chart)
    • Existing Home Inventory, Monthly (Chart)
    • Citigroup Hides Mystery Meat in Balance Sheet (Hat Tip CM)
    • Lawmaker says SEC hindering House’s Madoff probe (Hat Tip CM) 
    • Depletion and Abundance (Hat Tip Christopher Peters) 
    • Madoff House Hearings (Video)
    • Counties threaten tax revolt against Calif. budget (Hat Tip CM) 
    • Comptroller: Illinois facing a $9 billion deficit (Hat Tip CM)  

      Read More »