KeithHennessey.com

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.

Last Friday I raised the question of how much funding is left in the TARP.  This is now a broader discussion involving Secretary Geithner and the Treasury staff, the General Accounting Office, the Wall Street Journal and ABC News.  I’d like to review the progression of this topic over the past six days and see [...]

President Bush gave a major policy address on the State Floor of the White House this evening.
THE WHITE HOUSE
State Floor
9:01 P.M. EDT
THE PRESIDENT:  Good evening.  This is an extraordinary period for America’s economy.  Over the past few weeks, many Americans have felt anxiety about their finances and their future.  I understand their worry and their [...]

Here’s what President Bush said at 10:45 AM today in the Rose Garden.
This is really important.
Good morning.  I thank Treasury Secretary Hank Paulson, Federal Reserve Chairman Ben Bernanke, and SEC Chairman Chris Cox for joining me today.
This is a pivotal moment for America’s economy.  Problems that originated in the credit markets — and first showed [...]

The President will speak at 10:45 AM.  I’ll send his remarks soon after he has spoken.  Here’s what Secretary Paulson said shortly after 10 AM this morning.
Last night, Federal Reserve Chairman Ben Bernanke, SEC Chairman Chris Cox and I had a lengthy and productive working session with Congressional leaders.  We began a substantive discussion on [...]

On Monday Dr. Edward Lazear, Chairman of the President’s Council of Economic Advisers, released the Economic Report of the President for 2008.
This traditionally is released a week after the President’s Budget.  It describes the state of the U.S. economy, and also discusses in more detail a range of economic policy issues.  As the ERP is [...]

This is part two (of two) of your crash course on problems and solutions in the mortgage markets.  Here’s part one.  There is also a great op-ed on the financial market impacts of these mortgage market problems.  It ran in today’s Financial Times, and was coauthored by two Administration officials:  Treasury Undersecretary for International Affairs [...]