Barry Ritholtz, author of the soon-to-be-published book, “Bailout Nation,” might have summed up the nation’s financial crisis and subsequent government bailout efforts best when he wrote, “Go figure: WWII was a relative bargain.” In a post published yesterday on his blog, The Big Picture, Ritholtz reveals research findings that show the government’s $7.75 trillion in [...]
Author: World War II Was a ‘Relative Bargain’
November 26th, 2008 · No Comments
Tags: · $7.8 trillion, american taxpayers, bailout, bailout nation, barry ritholtz, bianco research, Bloomberg, citigroup, credit markets, economica bailout, financial system, government bailouts, Iraq War, jim bianco, korean war, louisiana purchase, marshall plan, NASA, new deal, race to the moon, Ritholtz, savings and loan bailout, taxpayers, the big picture, Vietnam War, Wall Street, Wall Street Journal, World War II
Congress Makes ‘Lemonade’ of Economic Crisis
September 28th, 2008 · No Comments
The cartoon above depicts how many Americans feel about the $700 billion bipartisan economic rescue legislation making its way through Congress at this time — about to be involuntarily squeezed. Some fear it will leave them picking up the tab for the irresponsible actions of others, while others fear they’ll soon be feeling an even [...]
Tags: · 20 percent of bailout profits, 700 billion, acorn, bipartisan economic rescue legislation, Bush, Bush Administration, economic rescue, economic rescue legislation, Economy, financial system, House, House of Representatives, lemonade, lemons, Members of Congress, political graffiti, President Bush, President George W. Bush, Senate, u.s. economy, Wall Street Journal, White House
Treasury Secretary Addresses Crisis in Markets
September 19th, 2008 · 4 Comments
Offering the basis for what might one day become a reality television show, Treasury Secretary Henry M. Paulson Jr. delivered “Extreme Makeover: Financial Markets Edition,” the name I apply to the statement he delivered in Washington, D.C., this morning: “Last night, Federal Reserve Chairman Ben Bernanke, SEC Chairman Chris Cox and I had a lengthy [...]
Tags: · aig, american international group, Ben Bernanke, chris cox, Congress, Economy, Extreme Makeover, extreme makeover: financial markets edition, fannie mae, Federal Reserve, federal reserve chairman, financial markets, financial security, financial system, freddie mac, illiquid assets, lehman, lehman brothers, money market, mortgage assets, mortgage-backed securities, mutual fund, paulson statement, sec, sec chairman, talk like a pirate day, taxpayers, treasury secretary, treasury secretary paulson
