Current Events

‘Bad Bank’ Funding

‘Bad Bank’ Funding Plan Starts to Get Fleshed Out – WSJ.com WASHINGTON — The Obama administration, filling in some of the blanks in its bank bailout, is considering creating multiple investment funds to purchase the bad loans and other distressed assets that lie at the heart of the financial crisis, according to people familiar with […]

Current Events

A plan?

A-Train asked me today how I see the plan helping people (while avoiding answering my own question to him on how he would try to fix the problems facing our nation today). I see the plan creating jobs by putting people to work building and updating necessary infrastructure and investing in our energy future, instead […]

Current Events

Details, please!

Geithner Sets Out Sweeping Overhaul to Bank Bailout – NYTimes.com WASHINGTON — The White House plan to rescue the nation’s financial system, announced on Tuesday by Timothy F. Geithner, the Treasury secretary, is far bigger than anyone predicted and envisions a far greater government role in markets and banks than at any time since the […]

Current Events Life

Tax time …

Some years, I love tax time … other years, I hate it. Last year, I really hated tax time; because I rented for much of 2007, my income was such that I owed a few hundred dollars when I filed my return; money which I couldn’t afford to pay, and which was deducted from my […]

Current Events

I prefer pancetta to panaceas …

Looks like Paulson has taken at least one stance with which the A-Train shouldn’t have too many problems (if any), and while in many ways I disagree with the Train about how to fix the problem, in this particular situation I think we’re probably both on the same page. Bloomberg.com: Paulson Warns TARP Isn’t ‘Panacea’ […]

Current Events

The aftermath …

Perhaps this plan will make Art a little happier … but I’d like to read the actual text of the bill before I make any judgments. Democrats offer alternative ‘no bailouts act’ – CNN.com WASHINGTON (CNN) — A small group of Democratic House members put together an alternative to the $700 billion financial bailout measure […]