Why the price of gas is on its way to $4.00 a gallon (or higher).
European banks stabilize but risks remain, report says
U.S. looks to sell last of its Citi common shares
Worry in Europe sweeps into more secure countries
Debt-crippled Ireland formally applied Sunday for a massive EU-IMF loan
Dow climbs to highest since Lehman, 30-year bond slides on Fed
In the two years following a government takeover, the taxpayers’ tab for Fannie Mae and Freddie Mac stands at about $134 billion
In G.M. turnaround story, Washington played a big part
If the banks are indeed forced to spend tens of billions to buy back securities, they could turn once again to the federal government for help
The Treasury Department expects to incur more “substantial losses” from the separate government seizure of Fannie Mae and Freddie Mac
Sunday marks the two-year anniversary of TARP. Looking back, it’s clear that TARP didn’t live up to expectations.
Barney Frank has come to understand that government intervention in the housing market is a bad idea. When will Obama admit that markets are better than government planning?
No consensus on future of Fannie and Freddie - The Daily Caller
Panelists at Geithner-hosted conference split on how to reform the mortgage giants
After a $9 billion loss last quarter, both sides are saying enough is enough and suggesting that it is time to restructure the mortgage giants
Whispers are abound in Washington that the administration will order Fannie Mae and Freddie Mac to forgive some of the debt of millions of Americans
Ford exceeds expectations - Detroit FREEP
Company beats predictions with $2.6B profit in 2nd quarter; highest gain in 6 years
Unjust Spoils - New America Foundation
Wall Street’s banditry was the proximate cause of the Great Recession, not its underlying cause. Even if the Street is better controlled in the future (and I have my doubts), the structural reason for the Great Recession still haunts America. That reason is America’s surging inequality.
A lost decade? - CNN Money
The risk of a double-dip recession is getting a lot of attention, but even that grim prediction could prove a little too optimistic.
U.S. and Europe: Shaping a new model of economic development - New America Foundation
The Great Recession of 2008-09 has put enormous strain on the social contracts of Western economies. This paper provides an American perspective on how well the social welfare systems of the United States and the European Union countries have performed in cushioning their populations against the economic dislocations associated with the Great Recession and how effective U.S. and European policy has been in softening the severity of the recession and in creating the conditions for future socio-economic progress.
There is a simple explanation for the president’s woes, and those of his predecessor.