Category Archives: U.S. Government

Stabilizing Credit Markets

From TNR: With the revised Paulson plan triumphantly headed to the House for what looks like a better-than-even chance of passing, let’s not forget that enactment of the bill is only the first step in a long journey. Having hopefully … Continue reading

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John McCain Has Plans For The U.S. Treasury

From Bloomberg: McCain repeatedly attacked Obama’s record, saying the Democrat would raise taxes and has never bucked his party’s leadership. “Let’s look at our record,” McCain said. “I’ve fought higher taxes. I’ve fought excess spending. “It’s easy to talk about … Continue reading

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Making The Bailout Work

From Miami: A new Ipsos/McClatchy online poll found that almost six in 10 Americans – 59 percent – lacked confidence in the government’s ability to restore consumer and investor confidence. The rescue plan gives broad, unprecedented powers to Treasury Secretary … Continue reading

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Treasury Implements Bailout

WASHINGTON (Thomson Financial) – The Treasury Department today laid out a process under which it will quickly select financial asset managers to help it evaluate and purchase up to $700 billion worth of illiquid assets, which it hopes will restore … Continue reading

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The FHA Implodes

From the WSJ: A bill passed by the House and now being debated on the Senate floor would expand the FHA portfolio to about 1.5 million mostly high-risk subprime mortgages. So at the very time private lenders and investors are … Continue reading

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Who Deserves Help?

Alan Zibel writes that "bailout" is a dirty word in Washington D.C. But there’s no shortage of politicians who want to "help." The subprime mess has rippled across the economy and hundreds of thousands of home-owners are in danger of … Continue reading

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Key Democrats Want Government To Stabilize Housing Crisis

The WSJ reports that the White House’s free market bias is meeting opposition. Barney Frank (D., Mass.) is the chairman of the House Financial Services Committee. He wants to refinance as many as one million “distressed” homeowners. He wants Uncle … Continue reading

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