A short and bitter interview with the former Special Inspector General for TARP, Neil Barofsky, who warns that the next round of bailouts would have to exceed $5 Trillion in up front costs for the biggest institutions. Barofsky says he has no idea where the US could come up with that kind of money.
When pressed by Dan Rather who asks "Are you scared?", Barofsky answers, "You should be scared. I'm scared. You can't not be scared. You can't look at what happened in the run up to 2008 and see how it's not going to repeat itself, given what we've done."
Showing posts with label TARP. Show all posts
Showing posts with label TARP. Show all posts
10 June 2011
30 August 2010
26 July 2010
Business/Economic/Housing/Layoff News for July 27, 2010
Oil well just off course of Louisiana hit by barge this morning, 20 foot high oil spew still not capped, booms surrounding spill
US shopping center vacancy rates rose in 2nd qtr
Cap-And-Trade Advocates See Tougher Battle After Elections
Taleb: Government Deficits Could Be the Next 'Black Swan'
Unless women take control of Wall Street and America, 'The End' is near
The Illustrated Guide To Larry Summers' FinReg Hypocrisy And Hallucinations
The Government's Role in the Housing Bubble
Sickness, late pay, faulty equipment & lies . . . what it's like to be one of the non-inmates working for BP cleanup crews
With scores of coastal residents out of work after the spill, BP is hiring inmates to clean up its mess—and getting lucrative tax breaks in the process
Undersea oil plumes linked to BP Oil Volcano
As counties across the USA run defecits, more asphalt roads are returned to gravel
Derek Thompson of The Atlantic - "The Scariest Unemployment Graph I've Seen Yet"
James Howard Kunstler: "What Is It?"
London bankers buying up 1974 book on mechanics of Weimar Republic hyper-inflation
Head of Bush's TARP program for bankers, Neel Kashkari, wants to cut entitlements such as Social Security for the Middle Class
Cities looking at giving away land and cracking down on non-profits as a means to generate more revenue
Rochester schoolboard to give pink slips to 116 teachers
United Technologies to cut another 1500 jobs for remainder of 2010
Pennsylvania state government employee layoffs still coming
Must Read Of The Day - - - Roger Ebert: "BP's Tree Fell On My Lawn"
US shopping center vacancy rates rose in 2nd qtr
Cap-And-Trade Advocates See Tougher Battle After Elections
Taleb: Government Deficits Could Be the Next 'Black Swan'
Unless women take control of Wall Street and America, 'The End' is near
The Illustrated Guide To Larry Summers' FinReg Hypocrisy And Hallucinations
The Government's Role in the Housing Bubble
Sickness, late pay, faulty equipment & lies . . . what it's like to be one of the non-inmates working for BP cleanup crews
With scores of coastal residents out of work after the spill, BP is hiring inmates to clean up its mess—and getting lucrative tax breaks in the process
Undersea oil plumes linked to BP Oil Volcano
As counties across the USA run defecits, more asphalt roads are returned to gravel
Derek Thompson of The Atlantic - "The Scariest Unemployment Graph I've Seen Yet"James Howard Kunstler: "What Is It?"
London bankers buying up 1974 book on mechanics of Weimar Republic hyper-inflation
Head of Bush's TARP program for bankers, Neel Kashkari, wants to cut entitlements such as Social Security for the Middle Class
Cities looking at giving away land and cracking down on non-profits as a means to generate more revenue
Rochester schoolboard to give pink slips to 116 teachers
United Technologies to cut another 1500 jobs for remainder of 2010
Pennsylvania state government employee layoffs still coming
Must Read Of The Day - - - Roger Ebert: "BP's Tree Fell On My Lawn"
09 November 2009
Elizabeth Warren on "Life After Tarp" or "How We've Increased Moral Hazard In The Finance Sector"
Here's hoping that Elizabeth Warren will quit teaching at Harvard and leave her Congressional post for a run at the Presidency.
Subscribe to:
Posts (Atom)