bailout

General Motors: A Phoenix Rising From the Ashes on the Taxpayers' Dime

Steven Berk
February 06, 2012 20:49

In those scary days of 2009, when the world economy teetered on the precipice, about to tumble into depression, General Motors needed to be saved.  And saved it was by a controversial section (or at least controversial interpretation) of the Troubled Asset Relief Program (TARP).  Quickly...

Of Eurozone Mice and Eurozone Men

Vihar Georgiev
November 06, 2011 13:13

This week was tumultuous for the eurozone, in a string of equally tumultuous weeks that preceded it. The Greek Prime Minister proposed a referendum for the new bailout package for Greece, was promptly scolded by his fellow eurozone leaders at … Continue reading →This week was tumultuous...

Madrick's Uneven Greed

September 06, 2011 20:14

Still can't make up my mind just what to think of Jeffrey Madrick's Age of Greed.  There were times when I found myself thinking that it was one of those books that should be on the pre-inauguration reading list of any new president.  At other times, I thought it old stuff,...

Larry Summers Decides, What the Hell, No Point in Pretending to be a Liberal Any More

August 07, 2011 20:19

Squeeze 'em until the pips squeak: Lawrence H. Summers, President Obama’s former chief economic adviser who has returned to his previous role as a professor at Harvard, said that exacting a toll from creditors could constrain future growth by discouraging future investments. “No one is satisfied...

The Second Greek Bailout: the Details

Vihar Georgiev
July 22, 2011 06:09

The leaders of the eurozone have approved the second bailout of Greece that is supposed to finally overcome the debt crisis in this country. The total official financing will amount to an estimated 109 billion euro. The European Financial Stability … Continue reading →The leaders of the...