It's Not the RTC -- It's a $700 Billion LBO
Treasury's bail-out is broader than the market now sees, and so will be the regulations.
Treasury's bail-out is broader than the market now sees, and so will be the regulations.
Even the most aggressive rescue plan isn't likely to avert recession at this point.
Will credit markets get their bail-out? Will they even want the bail-out they might get?
Now a bill, but still no details. First take: it could have been worse, and it might work.
The historic stock drop was more politically manufactured hysteria than reality.
With the Fed ultra-easy, there's no way the US is going down Japan's deflationary road.
After two weeks of congressional shock and awe, Treasury has no plan.
Irrelevant and inflationary. Markets need real money now, not "soon."
A recipe for speculative attack: even greater Treasury powers, and no short-selling ban.
Interest on reserves could either accelerate or prevent inflation -- it depends on how the Fed handles this powerful new tool.