The $700 billion bailout package currently moving through Congress is an improvement from the original Paulson proposal. …
Posted on September 29th, 2008 by
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How big is the $700 billion financial bailout package for the markets? Big enough that a change in perception as to whether it will pass can overshadow a cut in outlook from industrial and financial powerhouse General Electric.
Initially down after GE slashed its quarterly and full-year forecast, Dow Jones futures turned higher in later pre-market […]
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According to some legislators and President Bush, the $700 billion bailout package headed for a House vote this afternoon is less a life raft for Wall Street than a means of keeping Main Street afloat. It’s a nice sentiment, but as Henry and I discuss in
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After a couple weeks of just trying to keep up with developments in the financial crisis, reporters and bloggers are taking halting steps toward describing the mythos of the investment banker.
It’s been a while since Tom Wolfe and Bret Easton Ellis popularized the bespoke-suited arrogance commonly associated with the financial world’s anointed — the easy […]
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For all the economic debate and political wrangling, the $700 bailout package comes down to one word: Confidence.”This is about market confidence and the tools to do the job,” Treasury Secretary Hank Paulson said last week during Congressional h
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Having been laden with the acronym TARP, the Treasury’s Troubled Asset Relief Program sounds like a pretty flimsy rescue operation. Perhaps not since the Committee to Re-Elect the President presaged Richard Nixon’s fall from the presidency have we seen a less confidence-inspiring acronym. A tarp, short for Tarpaulin, is defined by dictionary.com as “a protective […]
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From ClusterStock.com, Sept. 28, 2008: What’s in this massive bailout Congress wasted the whole weekend negotiating? We just wasted our Sunday evening reading all 110 pages to find out. (If you want to do the same, click here.) Key points below:Crea
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There’s nothing like a belle to bring a festive mood to an otherwise gloomy ball, and today that honor belongs to Goldman Sachs, which has drawn attention - and money - from none other than Warren Buffett.
Stock futures are pointing up on news of the uber-investor’s plan to purchase a $5 billion stake in the […]
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