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…and other conditions

Daily Reckoning provides this quote on the original week of the frantic search for legislation regarding the bailout: Take Rep. Brad Sherman (D-California), a bailout critic. During debate over the…

Limiting executive pay after bailouts

rdan Here is a look at the history of limiting paychecks after a bailout…not such a promising outlook for those wanting to do so. Tax History Project Too Much: The…

Greek Deal

…the result of the dramatic agreement is that Greece hasn’t promised further austerity in exchange for a bailout and the rest of Europe hasn’t promised a bailout. They have delayed…

Angry Bair

…preserved. Her valid point is that the crisis caused huge losses, even though the bailout added less than nothing to those losses. She argues that planning future bailouts with profit…

Dear Brad and Mark (et al.)

This is why we don’t believe the bailout will work the way you think it will (i.e., to increase lending): Recently, securities rated AAA have changed hands for roughly 30…

This Makes More Sense–or Does It?

…Note also that, in supporting the AIGFP fiasco/deals, the U.S. can reduce the overall size of the bailout needed while ensuring that domestic entities retain full access to capital markets….