Posts Tagged ‘ TARP ’

Citigroup to Repay TARP But Still on Government Dole

Dec 15th, 2009 | By | Category: Featured, Macro Economics
So Shooters, today’s big news: Citigroup to pay back $20 billion in TARP to government. Why stop so soon the magic IV drip known as TARP funding (which had just been so graciously extended by Treasury)? Well, it’s not because the company is back in good health. They just want ...read more

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Posted in Featured, Macro Economics | 6 comments


The Bailout Was a Wealth Transfer Scheme

Dec 7th, 2009 | By | Category: Featured, Macro Economics
The Emergency Economic Stabilization Act of 2008 created the $700 billion bailout (plus $100 billion in add-ons) Troubled Assets Relief Program (TARP), a wealth transfer scheme so brazen as to leave one breathless. Another Fed bubble had popped; losses in the real estate mortgage meltdown were real; they had already ...read more

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Posted in Featured, Macro Economics | 14 comments


Americans as Immigrant Workers in America

Nov 18th, 2008 | By | Category: Featured, Macro Economics
I often mention that I live in Pittsburgh. Well, the truth is that I live in a leafy suburb of Pittsburgh. I grew up in the Steel City. But when I got married I moved to the suburbs to be near my wife. Life in the Leafy Suburbs There is a problem ...read more

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Posted in Featured, Macro Economics | No Comments »