…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,…

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…

…manage it….That was, after all, the “right thing to do” as they had been taught by their parents and grandparents. But then the bailouts with taxpayer money started. The “too…

UPDATE: It gets even stranger. The bankrupt-since-October-2008 Lehman Brothers is going to pay $50,000,000 in bonuses for this year. (h/t alea’s Twitter feed) It appears all of the “gosh, we…