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Is $700 billion enough?
I think President Obama will soon need to ask Congress for more TARP funding, and that such a request will displace his legislative agenda for a while. Let’s do the math. When President Obama took...
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Is $700 billion enough? Part 3: Secretary Geithner says we have more room
Last Friday I posted that I thought the Administration had less than $40 B of room remaining in the TARP. The Wall Street Journal reported today Monday that Treasury says “it has about $134.5 billion...
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Auto loans, part 5: The press forgot to ask about the cost to the taxpayer
As I explained yesterday in part 4 of this series, the President delivered different substantive messages to General Motors and Chrysler. I would like now to focus on one element of that message,...
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Four unpleasant options for TARP funding
Despite Secretary Geithner’s statement to the contrary, I still think the Administration is running out of room within the $700 B Troubled Assets Relief Program (TARP). In my last four posts on TARP...
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