In an article on Bloomberg.com we explore one of the key definitions of the current administrations mantras. Don’t let the public in on any secrets. Bloomberg asked the Fed to “disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.”
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However it [...]

Financial institution around the country have received there hand-out, why not the American Homeowner. After all it is the homeowner that goes out and uses the banks, the credit cards, buys the cars, and generally makes the economy work. If he/she does not receive a bailout how will it all work.
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The larger question is, [...]

American Express became a bank, in order to stabilize funding from the government.
So American Express (NYSE:AXP 22.76 on 11/11/2008) had to eliminate 7000 jobs, due to the difficult times. �
The Fed had announced the $700 billion bailout package for banks on 10/1/2008.  American Express needs help, but how can this apply?
Magic!
Lets say that American Express [...]

We posted an article a few days ago, AIG already spent $61 billion of the $85 billion, and correctly predicted that they would need more money soon.
Who knows what types of crazy parties they could be planning with the next installment.
The new allowance is $37.8 billion. That is QUITE the party.
The story is posted [...]

When I first heard that the Federal Reserve was planning a new program to help encourage business loans, I was wondering … weren’t we told the bailout last week would fix our credit problems?
You may think, “Of course, they are planning on how to use the $700 billion’.  You would be wrong.
The new program is [...]

Is the government running out of money? Currently the Fed holds US Treasury Securities of $476.6 billion. That is compared to $791 billion 13 months ago.
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In an effort to increase liquidity the federal government is already making money available to the banks, so then what’s the bailout bill all about. Below you will see how [...]

Sunday night the federal government helped Goldman Sachs and Morgan Stanley turn themselves into bank holding companies. This will help protect them from the faith of Bear Sterns and Lehman Brothers. It will also help them buy up smaller/ troubled retail banks on Main Street, of which there are many. Giving them “access to a [...]

Interesting article on what was going on inside the government on Friday as the rest of us were seeing the stocks begin to risk again.
Essentially the Fed chairman, Ben S. Bernanke, is still quite concerned about the health of the financial system (to put it mildly).
Before everyone is convinced to toss their money back in [...]

Diamond and Kashyap on the Recent Financial Upheavals, by Steven D. Levitt, is an article published on September 18, 2008 at 10:04am at the New York Times website.�
Steven is as confused as everyone else is about what is going on in the current financial world.  He asked some colleagues to help explain things.
Some great basic [...]