Thu Nov 13, 2008 5:46pm GMT |
The US government’s ability to shock has apparently gone out the window. Yesterday, Hammerin’ Hank Paulson recanted on the central purpose of the Troubled Asset Recovery Plan (TARP): using $700bn (actually, up to an unlimited amount of money in theory, since the plan calls for $700bn to be held at any one time) to buy, [Read more...]
Tags: bailout, TARP, toxic debt
Posted in: Equities, Financials, General, Political Risk, US
Mon Sep 22, 2008 2:14pm GMT |
Wow, what a week. Not that markets ended up moving much, mind: as others have noticed, everything in the US closed pretty much where it opened the previous week (see Barry Ritholtz’s post on the subject). But even if those indicators indicate that nothing has changed, it is pretty clear that everything has changed. And [Read more...]
Tags: bailout, bernanke, dollar, Financials, fiscal policy, paulson, stocks, toxic debt, treasury
Posted in: Currencies, Equities, Financials, General, Inflation/Deflation, Political Risk, US