September 28, 2008
Full text is here of the Emergency Economic Stabilization Act. It is more than 40 pages long, and full of legalese, but it should be required reading. While I still believe we had no choice but to act, this is...
Nice chart from NYT with the current U.S. banking leader list, post WaMu/JPM:...
Here is a sneak peek at some links from my weekly Weekend Reading column over at TheStreet.com: A (biased but interesting) comparison of all the Paulson plan iterations (Roy Blunt (R.)) Black Swans and Market Timing: How Not To Generate...
You can't go very far without someone telling you how the credit crisis is being sprung on an unsuspecting electorate as some sort Bush Administration election surprise. I'm not sure how it helps McCain, but let's give that a pass...
Here is summary text of the bailout agreement, via Nancy Pelosi's office. Boasting about cutting the Paulson $350-billion is specious, as is crowing about the Democrats requiring reforms. I hate politics. REINVEST, REIMBURSE, REFORM IMPROVING THE FINANCIAL RESCUE LEGISLATION Significant...
According to reports late tonight, negotiators have (re-)reached a tentative deal on the bailout of the financial system. Full story here, but the gist as follows: $700-billion in total $350-billion immediately, with some of that earmarked for the insurance initiative...
