Geithner’s Problem In A Nutshell

By: Francis Cianfrocca (Diary)  |  February 10th at 09:08 AM  | 

Yesterday was his boss’s turn. Today’s it’s Tim Geithner’s. There are two crises going on, a financial one and an economic one. Yesterday, Obama went to Indiana (a red state that he flipped and needs to suck up to, so they’ll keep going blue), and then to national television, to talk about the economic situation. His message was that the only way to make the | Read More »

A Response to Reader George Jetson

By: Francis Cianfrocca (Diary)  |  January 10th at 07:52 PM  | 

On another thread, you asked the question, Is there a published analysis of the net cost to taxpayers of the TARP plan? Here’s a preliminary draft of one. This comes from two economists at the University of Chicago, and they find a likely net cost (representing a transfer of value from taxpayers to stakeholders of banks) in the range of a few tens of billions | Read More »