…the government directly invest in the stocks of companies; viz., Intel. Even the $20 Billion bailout of Argentina, unsurprisingly, looks like it was mainly to rescue the investment portfolios of…

…first time that the federal government has taken equity in public companies. But in the past, it happened almost exclusively in times of crisis, as in the bailout of U.S….

byMike Kimel Barry Ritholtz points us to a Bloomberg article showing, once again, that when it came to measures to prop up the economy in 2008, some animals are more…

UPDATE NOTE: The following isn’t complete. Many of my notes from the latter part of today’s interview can be found on Twitter, hashtagged #Immelt. At the moment, I both (1)…

From his column in today’s FT: Even this is too simple, once one allows for banking: Ireland’s net debt was a mere 12% of GDP in 2007 In other words,…

Guest post by Steve Roth crossposted at Asymptosis Too Big to Fail? Wall Street and Main Street: How Big Are They People are forever talking about banks that are too…

What Treasury under Geither does, according to the Washington Post: “I think we are known as the front line,” said [Michael] Pedroni, 38, a former International Monetary Fund economist and…

Robert Waldmann is pleased to note that he was right and that Paul Krugman and Joeseph Stiglitz were wrongggg. They claimed that PPIP was a huge giveaway, because purchases of…

One of the things that goes without saying these days is that a recovery doesn’t lift all boats. It doesn’t lift all banks, either. For your consideration, the number and…

Go read: If you’re only reading one post, see FT Alphaville, which incorporates and expands upon… Tom Adams and Yves Smith’s posting at Naked Capitalism discussing the document and the…