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Banks exiting TARP

…the fact that banks are paying back direct bailout funds does not mean that there is no further bank bailout going on. The government now stands as guarantor, an assurance…

Champaign Bottle corks are popping today

Joseph Stilgitz asks tough questions at The Nation: The champagne bottle corks were popping as Treasury Secretary Henry Paulson announced his trillion-dollar bailout for the banks, buying up their toxic…

Roubini and the Bail-in this weekend

…orderly way to close down – rather than bailout – a major and systemically important non bank financial institutions: the embarrassment and losses for the Fed that the bailout of…

Panic, not even at the Disco

…John McCain announced he was suspending his presidential campaign to try to wrestle the bailout to the ground. The message is the same as the one sent by Hank Paulson…