(Source: MarketWatch By Kurt Brouwer) – If you thought the $800 billion TARP program was the end of our government’s bailout bonanza for wayward banks, you’re wrong. If you thought the Fed’s secret $1.2 trillion loan program for foreign and [...]
(Source: Howe Street by Mike ‘Mish’ Shedlock) – The Congressional unlimited bankroll guarantee of Fannie Mae at the insistence of the Fed has just cost US taxpayers another huge chunk of money.
BRUSSELS (Source: Wall Street Journal) – A bailout for Greece may be painful, but it will hurt less than bailing out the continent’s banks for a second time, said Angel Gurria Secretary General of the Organisation for Economic Co-operation and [...]
FORTUNE -(Source: CNN Money By Allan Sloan) – Have you ever watched something unfold, knowing that it hasn’t got a prayer of succeeding?
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