Category: Credit Crisis Bailouts
The analysis published under this category are as follows.
Friday, October 28, 2011
Euro Bailouts - The Good, The Bad & The Ugly / Politics / Credit Crisis Bailouts
By: Axel_Merk
The markets appear euphoric about the ability for European policy makers to deliver on new promises. Low market expectations were met. We, too, have a positive takeaway, but only because of one detail of the grand plan; actually, let's call it a "grand sketch," as many details are still unknown.
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Sunday, October 23, 2011
Europe’s Bank Bailout Bill: $3 Trillion / Politics / Credit Crisis Bailouts
By: Dr_Jeff_Lewis
As the European Union continues to discuss the possibility of a new bailout fund, news is breaking that any European banking bailout may cost as much as 2 trillion Euros, or $3 trillion. The $3 trillion sum, which would be raised through the EFSF, may also be charged to the IMF.
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Friday, September 30, 2011
Leider Mein Liebste; Its Spelt TALF Not TARP: Next ECB Will Print A Trillion Euros / Interest-Rates / Credit Crisis Bailouts
By: Andrew_Butter
Here’s an idea, if the Euro doesn’t exist anymore then the Greeks can pay back their Euro-denominated debts in imaginary money and everyone can live happily ever after?
Meanwhile; trust the Eurocrats to come up with a mind-baffling plan to kick the can down the road. It’s written in Deutchlitz which is what you get when you use a computer to translate a document originally written in German into French and from there you use another computer to translate that into an approximation of English. The words all spell on an English spell-checker but in aggregate anyone who speaks English hasn’t got a clue what they mean. For example, from the ECB Data Warehouse we are provided with:
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Friday, September 30, 2011
The Real Cost of the Credit Crisis Bank Bailouts [So Far] / Stock-Markets / Credit Crisis Bailouts
By: Rob_Kirby
Back on July 21, 2011 – Senator Bernie Sanders [VT] published a paper titled, The Fed Audit, where he made the claim that a GAO [Government Accountability Office] report showed the real cost of the Federal Reserve bailout was 16 Trillion.
Tuesday, September 13, 2011
Zombie Banks Stop Their Blood Feast is the Only Road to Economic Renaissance / Economics / Credit Crisis Bailouts
By: Bill_Bonner
It would be almost laughably easy to bring a real renaissance in the US.
But first you have to understand the real problem. It’s not a lack of stimulus… Or, the inequality of income distribution… Or because the feds didn’t regulate enough. Or that bankers are greedy…or that capitalism won’t work.
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Thursday, September 08, 2011
A Raging Case of Bailout Fatigue / Politics / Credit Crisis Bailouts
By: Doug_Horning
Doug Hornig, Casey Research writes: I’ve used the term outrage fatigue on numerous occasions in this forum as a way of trying to explain why there has been such a muted outcry from the general population as the tally of financial atrocities committed against American citizens has exploded.
August 22 was just another average day with another average headline that could easily have been ripped from some radical economic watchdog website (liberal or conservative, either one): Wall Street Aristocracy Got $1.2 Trillion from Fed.
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Friday, August 19, 2011
U.S. Treasury Hidden Trickery in Mortgage Backed Security Recoveries / Interest-Rates / Credit Crisis Bailouts
By: Aftab_Singh
Right on schedule, the US Treasury received around $11 billion from the proceeds of Mortgage-backed Securities sales last Thursday. Moreover, the US Treasury released an update on the MBS portfolio wind down titled; ‘Taxpayers Recoveries Reach 70 Percent Milestone‘. The title left us thinking; hmmm… sort of… Here, I highlight the hidden confiscation involved with this particular piece of trickery and present the usual daily treasury statement charts.
Tuesday, July 26, 2011
Bernanke Secretly Gives away Sixteen Trillion Dollars / Politics / Credit Crisis Bailouts
By: Richard_Mills
The first ever GAO (Government Accountability Office) audit of the US Federal Reserve was recently carried out due to the Ron Paul/Alan Grayson Amendment to the Dodd-Frank bill passed in 2010. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, while leading the charge for an audit in the Senate, watered down the original language of house bill (HR1207) so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and others, opposed the audit.
Tuesday, July 26, 2011
Greek Debt Bailout Might Succeed, If All Goes According to Plan / Interest-Rates / Credit Crisis Bailouts
By: Victoria_Marklew
With the second bailout agreement for Greece announced on Friday (July 22), the EU has stumbled toward a new level of institutional development. However, Greece still does not have a sustainable funding package in place; and the easing of contagion pressures on other Euro-zone members may be short-lived.
Friday, July 22, 2011
Sarkozy Saves Greece And Launches The F.S.F. / Politics / Credit Crisis Bailouts
By: Andrew_McKillop
In a classic of its type, French president Nicolas Sarkozy, 21 July evening time in Brussels, gave what looked and sounded like an impromptu press conference but supposedly wasn't. In a state of high excitement he explained how almost alone, or at least with German chancellor Angela Merkel they had saved Greece. The figures thrown out by Sarkozy were part of the circus show, for example that Greek debt, in 1 year, had grown by about 100 billion euro or by nearly 40 percent of GNP, to what Sarkozy claimed was 350 billion euro, which is difficult on a GNP he also claimed as 230 bn euro this year. To be sure, 10 or 20 bn euro this way or that counts for little, in such exciting times.
Thursday, July 21, 2011
The Bank of America Settlement: The Latest Travesty in the U.S. Banking System / Politics / Credit Crisis Bailouts
By: Money_Morning
Shah Gilani writes:
If there's one thing the recent Bank of America Corp. (NYSE: BAC) settlement proposal demonstrates, it's this: Calling the easy treatment that big banks have been enjoying in recent court and regulatory actions "a travesty of justice" is like calling the Grand Canyon a ditch.
Thursday, July 14, 2011
Beware, Taxpayers: The Days of U.S. Bank Bailouts Might Not Be Over / Politics / Credit Crisis Bailouts
By: Money_Morning
Kerri Shannon writes: The U.S. government has spent more than $12 trillion to prop up large financial institutions since the 2008 financial meltdown, but more taxpayer money could still be used for U.S. bank bailouts.
A Standard & Poor's report Tuesday said that despite the government's efforts at financial reform through the Dodd-Frank Wall Street Reform and Consumer Protection Act, the U.S. Treasury, U.S. Federal Reserve and Congress could still bail out a "too-big-to-fail" bank if it felt it necessary to contain risk.
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Thursday, January 27, 2011
U.S. Taxpayers Make $12.3 Billion Profit on Citigroup Bailout / Companies / Credit Crisis Bailouts
By: Money_Morning
Don Miller writes:
The U.S. Treasury on Monday will complete the sale of warrants of Citigroup Inc. (NYSE: C), allowing it to realize a $12.3 billion profit from its bailout of the banking giant.
The United States will record a net $312.2 million from the sale of its final 465.1 million warrants to purchase common shares of Citigroup, the Treasury Department said Wednesday. Last year, Treasury sold its 34% stake in Citigroup common shares.
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Thursday, January 13, 2011
Bonus Bonanza for UK’s Top Bankers / Politics / Credit Crisis Bailouts
By: Global_Research
Robert Stevens writes: The five biggest UK banks are set to pay out massive bonuses for 2010. Chief executives at HSBC, Barclays, Royal Bank of Scotland (RBS), Lloyds and Standard Chartered will receive millions in bonuses, as working people endure unprecedented cuts in pay, working conditions and social services imposed by the Conservative/Liberal Democrat government.
Monday, December 13, 2010
The Fed Vastly Expands Moral Hazard, Wrecking the American Economy / Politics / Credit Crisis Bailouts
By: Michael_S_Rozeff
This definition of moral hazard from Wikipedia is quite satisfactory: "Moral Hazard occurs when a party insulated from risk behaves differently than it would behave if it were fully exposed to the risk.
"Moral hazard arises because an individual or institution does not take the full consequences and responsibilities of its actions, and therefore has a tendency to act less carefully than it otherwise would, leaving another party to hold some responsibility for the consequences of those actions. For example, a person with insurance against automobile theft may be less cautious about locking his or her car, because the negative consequences of vehicle theft are (partially) the responsibility of the insurance company."
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