Sometimes it helps to zoom way out. Here is a summary I would give to someone who had missed the past six months, including the good, the bad, the non-existent, the uncertain, and the too-soon-to-tell.
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Tag Archives: citigroup
How much bailout money will taxpayers get back?
26 June 2009 
21 Comments
Of the original $700 B of TARP funding, CBO estimates that $439 B of the original $700 B has been spent, $280 B of that will be repaid and $159 B will not be repaid and will be a cost to the taxpayer. When you include the costs of FDIC actions and the bailouts of Fannie Mae and Freddie Mac, the expected cost to the taxpayer rises to about $553 B.
Read moreUnderstanding the GM bankruptcy
1 June 2009 51 Comments
Many of you are new to this blog since I wrote extensively about autos six weeks ago. As background, I coordinated the auto loan process for President Bush last fall as the Director of the White House National Economic Council (the position now held by Dr. Lawrence Summers). I wrote a series of posts on […]
Read moreBasic facts on the General Motors bankruptcy
1 June 2009 29 Comments
In a few hours I will offer my thoughts and reactions to the General Motors bankruptcy filing and the President’s noon announcement. For now, here is what I have been able to figure out from the White House fact sheet and secondary source reporting through CNBC and the Wall Street Journal. I assume that both […]
Read moreIs $700 billion enough? Part 3: Secretary Geithner says we have more room
31 March 2009 8 Comments
The Wall Street Journal reported Monday that Treasury says “it has about $134.5 billion left in its financial-rescue fund.” Secretary Geithner addressed this question Sunday on This Week with George Stephanopolous.
Read more Is $700 billion enough?
27 March 2009 7 Comments
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.
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