AIG Turns A Profit For Treasury

December 18, 2012

The U.S. government is no longer an AIG shareholder, and turned a profit on the sale. One more victory as TARP winds down.

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When Bad Things Happen To All Sorts Of People

November 15, 2012

The search for financial crisis scapegoats misfired once again. Sometimes, bad things happen without bad people causing them.

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Restoring Confidence In Europe’s Banks

June 25, 2010

The financial crisis that gripped the world in late 2008 was, most of all, a crisis of confidence. What we knew about the condition of America’s biggest financial institutions was bad enough, but what we didn’t know was terrifying. This is why the “stress tests” that financial regulators publicly performed on 19 of the country’s largest financial firms last year were so helpful. In some cases the news was good, …

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The Longest Year

December 31, 2009

The year that ends tonight has been the longest of my life. For me — and for a lot of other people — it began on Sept. 15, 2008. That was the day Lehman Brothers collapsed, Merrill Lynch and American International Group teetered, and the world looked into an economic abyss. Everything we thought we knew about our financial lives was called into question, from how to determine the value …

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Ben The Boogeyman

December 11, 2009

With unemployment in double digits and elections less than a year away, the search for an economic boogeyman is in high gear on Capitol Hill. Meet Ben Bernanke, chairman of the Federal Reserve. President Obama’s nomination of Bernanke for a second term, together with financial regulatory reform proposals from both the administration and Congress, have given lawmakers a chance to blame the Fed for current conditions and to try to …

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