…economic interest to slash taxes (benefiting its residents) and then await a federal bailout (paid for by all citizens). This incentive towards irresponsibility is particularly strong in the less populous…
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Hot Stock Tip
…dividend payment to the U.S. Treasury next month. While Freddie isn’t allowed to pay off the $71.3 billion of bailout money it received beginning five years ago, the latest payment…
TARP Bottom Line
…the sale on Thursday of the government’s last 54.9 million shares of Ally Financial … the Treasury declared the bailouts done.” For some years now, I have been writing that…
The Challenges of the Greek Crisis
…the International Monetary Fund returned to Athens for talks with the Greek government about a new bailout. This pause allows an accounting of the many challenges that the events in…
Why Healthcare Premiums are increasing Faster than Healthcare Costs
…one last bailout on its way out the door,” Sen. Ben Sasse (R-Neb.)” You can see; – Why United Healthcare pulled out of the PPACA Exchange early as it did…
Tax Justice Network Taxcast, March 2017: Brexit and Tax Havens; Losses to Tax Avoidance
…Epstein, of the University of Massachusetts, Amherst. The bailout enabled finance to make profits far beyond what was justified based on the risk banks took on prior to the bailout….
Student Loan Debt Forgiveness
…the bankers and the financial industry whole. Estimates for what the financial bailout cost are all over the map. As much as $7.7 trillion in undisclosed loans. Many (most?) were…
Two Banks in Trouble, Some History, and Four Opinions
…learned, can trigger systemic runs. The Answer to the Silicon Valley Bank Bailout: Federal Reserve Banking, Center for Economic and Policy Research (cepr.net), Dean Backer. Word from the grapevine is…
The “Wayback Machine” and Rescuing Problem Banks
…would merely restore the enhanced oversight of those banks whose problems, as we have learned, can trigger systemic runs. The Answer to the Silicon Valley Bank Bailout: Federal Reserve Banking,…
Insurance, the Next Financial Crisis
…of the risk of the government-sponsored and -guaranteed secondary mortgage market institutions Fannie Mae and Freddie Mac getting stuck with this bad mortgage paper. That could require a taxpayer bailout,…
