Entries tagged "bailouts"
AIG chairman Edward Liddy takes his lumps testifying before Congress.
A measured approach to restrictions on corporate travel and entertainment expenses.
Amid widening dismay over the bailouts, there is a continuing chorus of economists calling for full nationalization of failing financial institutions.
Geithner gave a speech; a consensus formed: Banks are insolvent; nationalization looms. Self-fulfillment rarely works so fast.
Buying up toxic assets from banks will only create more problems.
The German government changes course and takes direct bank stakes. More capital injections are likely.
