Tag: Bailouts
Bailout 2.0
I didn’t get a chance to see Geithner’s press conference talking about the plan to stabilize the banks. But I understand that what was presented was an outline of a plan, with details to be provided as they work them out. (Now I see that they unveiled a new website today — still under construction […]
Question…
Much has been made of Obama’s proposal to cap executive pay. So here’s my question: Do taxpayers have a right to say how their money is spent? I keep thinking that if you came to me asking to borrow money because you couldn’t pay your mortgage, and I lend you the money, and then you spend […]
BoA Bailout Funds Update
The WSJ reports that BoA is close to getting its new bailout funding: Reeling from previously undisclosed losses from its Merrill Lynch & Co. acquisition, Bank of America Corp. is expected to receive an emergency capital injection of $15 billion from the Treasury, which will also backstop as much as $120 billion of assets at […]
Ford Says UAW Not to Blame
(via John Cole). Ford Chairman Bill Ford was on Larry King last night and had this to say: KING: What about the UAW in all of this? FORD: Well, the UAW obviously has been our partner through all of this. Have they made mistakes and have we made mistakes? Of course. The UAW has come […]
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