The Radford Free Press – Page 489 – All life is problem solving.

Economics / B. of A., bailouts, banking, Citibank, Federal Reserve Board, Goldman Sachs, JP Morgan Chase, loan losses, regulation, TARP, Wells Fargo /

Banks To Repay TARP Money

June 9, 2009

The Treasury Department has approved the plans of ten banks to repay the TARP money they received as part of last year’s bailout of the banking system. The total cash going back is $68 billion, which can either be lent out again if the need arises or simply be used to reduce the government’s need […]

Economics / bankruptcy, Chrysler, public policy, Supreme Court /

Chrysler Deal Hits a Bump

June 8, 2009

Lawyers. They get everywhere. I read recently that about 2% of our GDP is consumed by the legal system in one way or another. And now Chrysler’s survival has been thrown into doubt by the claims of a few Indiana based pension funds who are asking the bankruptcy court to void the government mediated sale […]

Economics / auto industry, banking, GDP, GM, health care, inflation, interest rates, recovery, unemployment /

Weekend Update: GM, Health Care and GDP

June 7, 2009

After all the chaos of the past few weeks, the ‘green shoots’, bankruptcies, inflation fears, and the onset of the health care reform campaign, this weekend seems rather quiet. That makes it a good time to recap some thoughts relating to the headline events. GM: GM’s bankruptcy is a watershed event for the US. Think […]