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Back-of-the-Envelope: Making Sense of TARP

…fund treats the position as if it were an in-the-money Call option for which the Fed paid the in-the-money portion; the real returns to the hedge fund of the position…

Spend the billions on F and F a different way?

…this money to keep shareholders happy, why not divide the money by the amount of money all people owe on their mortgages and then grant them a once off government…

Money = Wind, Bush and Fox News?

By: Divorced one like Bush Yes, you read that correctly. The right is reporting there is money to be found in wind. Sacrilege in their church of oil. In an…

Knowledge based funding approach

…From an economic, as well as a cost accounting, perspective how could anyone spend anyone else’s money without rudimentary knowledge of WHAT they could get for the MONEY? What kind…

More money lost to friends?

…of costs they couldn’t justify,” he said in an interview. “Ultimately, the money that was going to KBR was money being taken away from the troops, and I wasn’t going…

Credit is scarce but not capital

Bloomberg carries an article noting that credit was tight but there appeared to be plenty of money for commodities. Here is another piece of the action. Credit is scarce but…

More on Income and saving the rustbelt

This is a continuation of looking at the income of the top 10% of this country. Before we go further, let’s look at what kind of a money machine we…

Tamny on Wicksell’s Monetary Economics

…in a displacement of specie by credit instruments and so-called money substitutes, and there exists, therefore, an important tendency towards a strengthening of the commodity aspect of money and of…