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Bailout Report 
Clearinghouse for the latest views and news on the Federal Government's intervention in the economy and financial markets.
Post Frequency: 0.6/day Last Entry: January 24, 2010 at 21:34:09 Recent Entries: 70
By USLaw.com
Go to Bailout Report, find other Bailout blogs, or browse all law blogs.
How Does this Bear Market Compare to Others?
Posted on November 20, 2008Stock market prices have declined more rapidly in this bear market than the previous two major bear markets. In fact, if you believe this bear should be no more severe than all but the Great Depression’s in terms of extent of equity price declines, you may come to the conclusion stocks have achieved a market [...
Live Blogging President-Elect Obama?s Economic Agenda (Press Conference and Sxity Minutes)
Posted on November 17, 2008Speaking at first post-election press conference on November 7th: Stimulus Spending Plan [Need] rescue plan for middle class that invests in immediate efforts to recreate jobs… a fiscal stimulus plan that will jump start economic growth is long overdue… we should get it done...
Did Obama really refer to federal operations as a ?fiscal mess??
Posted on November 17, 2008The Washington Post reported on campaign letters President-elect Obama sent to federal workers prior to the election in a story by Carol D. Leonnig (”Obama Wrote Federal Staffers About His Goals“, November 17, 2008). The story represents the following are quotes from such letters sent to Housing and Urban Development workers signed by Barack Obama: “Because of [...
Get your Piece of the American Dream: Application for TARP Capital Purchase Program
Posted on November 15, 2008Now that insurance companies figured out they can purchase the smallest of regulated bank holding companies to qualify for TARP funds, it’s time for everyone to grab an application to participate in TARP’s Capital Purchase Program. (Of course, the original deadline was 5:00 PM yesterday...
Is Kashkari a Chump?
Posted on November 14, 2008View the entire hearing Peeved that Treasury Secretary Henry Paulson announced a major change in the use of TARP funds in a press conference instead of in front of Congress, Dennis Kucinich and his Domestic Policy Subcommittee of the House Committee on Oversight and Government Reform ripped into Assistant Secretary of the Treasury for Financial [...
Recovery and Repair at the Tipping Point: Liveblogging Paulson Press Conference
Posted on November 12, 2008Q&A 1. Tarp not for state and local governments. 2. How to subsidize mortgage modifications, through copays? 3. Automakers: supportive of manufacturing, but any solution must lead to long-term viablity. Amend 136. 4. Not timetaable on second Tarp tranche...
Streamlined Modification Program (SMP)
Posted on November 11, 2008The Federal Home Loan Agency– regulators of Fannie Mae, Freddie Mac, and federal home loan banks– announced a streamlined loan modification program designed to prevent “preventable foreclosures”. Details of the program which will start December 15th: Goal is to reduce monthly housing payments, including homeowner association fees and taxes, to no more than 38% of gross [...
A Super Subprimse Crisis Around the Corner?
Posted on November 03, 2008If you think the $700 Million Emergency Economic Stabilization Act’s TARP bill is high, former US Comptroller General, David Walker warns we haven’t seen anything yet. For years Walker has been talking of the impending bankruptcy of Social Security, Medicaid, and Medicare to anyone that would listen...
A Bear Case Courtesy of Graham & Dodd
Posted on October 29, 2008The New York Times’ David Leonhard presents the case that the stock market, at current levels, is fairly valued when viewed from the perspective of Graham and Dodd’s classic “security analysis”. Based on a price-to-earnings ratio that uses the last ten years of corporate profits, the S&P index is currently valued at approximately [...
Black Monday: Markets Crash
Posted on October 27, 2008World Markets down more than 5% each of the lst two trading days. Last week of October. US election one week away. The ground is set for a market drop.
Capital Flows and the List Grows
Posted on October 27, 2008Capital Flows: The first $125 Billion round of US taxpayer capital will be transferred to the first nine banking holding companies this week. List Grows: And fifteen regional banks have revealed themselves as recipients of $32.18 Billion from the second round of TARP’s Capital Purchase Program, with another $3...
IMF Expands Loan Limits
Posted on October 26, 2008Stepping in to the bailout action, the International Monetary Fund agreed to lend Iceland $2.1 Billion to help it contend with the collapse of it’s banking system. This is the first time since 1976 that a western country has received assistance and came in response to the collapse of the krona and the government’s need [...
PNC and Valley National Get on the Dole
Posted on October 25, 2008PNC Finacial Services Group and Valley National Bancorp became the tenth and eleventh banks to sell preferred equity to the US Treasury, the first to volunteer after the original nine major banks were conscripted into the capital infusion program by Secretary Paulson earlier this month...
Corporate Earnings
Posted on October 24, 2008.bigtable { font-size: 10pt; } With nearly half of the companies comprising the S&P Index reporting earnings for the third quarter, we have the first concise snapshot of how the real economy has been effected by the events leading to Paulson’s September 18th whistle call: Actual Earnings -20% Blended -11% Ex-Financials 10% Ex-Energy -22% (With 41% of companies reported...
Not Quite Half a George: Washington Mutual CDS Settlement
Posted on October 23, 2008Buyers of Washington Mutual Credit Default Swaps to receive $0.43 for each dollar of ‘protection’ purchased from sellers (more than the $0.36 indicated in the initial auction). This compares to the $0.08625 paid on the dollar for Lehman Brothers CDS’s of which $5...
Hedge Fund Losses, Layoffs, Closures, and Fee Cuts
Posted on October 23, 2008Hedge funds, like other market participants, are both victim and, to some, creators, of the current market crisis. In September, hedge fund investors redeemed an estimated $43 billion of approximately $1.5 trillion of assets under management (TrimTabs Investment Research)...
Greenspan: I Found a Flaw
Posted on October 23, 2008Did Alan Greenspan let the nation’s economy slip through his legs? Or legacy? Speaking to the House Committee on Oversight and Government Reform, former Fed Chairman Alan Greenspan admitted “I made a mistake” and “found a flaw” in the complex of assumptions with which he governed the nation’s monetary system for 18 and a half years...
Money Market Investor Funding Facility
Posted on October 22, 2008Hoping the third time is a charm, the Fed announced it’s latest assistance program to aid money market funds and add liquidity to short-term funding instruments. JPMorgan Chase will run five special-purpose investment vehicles (”units”) to buy up to $600 billion of certificates of deposit, bank notes and commercial paper with remaining maturities of 90 days [...
Hank ?Butch Cassidy and the Sundance Kid? Paulson Debriefs
Posted on October 22, 2008After two months without a day off, Treasury Secretary Hank Paulson sat for several press interviews this week. Notably with the New York Times and Charlie Rose, both of which focused on whether letting Lehman Brothers fail was a mistake and whether the direct investments in banks was a late response to Europe’s first move [...
Treasury?s Actions: Pros and Cons
Posted on October 15, 2008Tax attorney and former bond trader Hale “Bonddad” Stewart provides a concise explanation of the initiatives Treasury announced this week– the Capital Purchase Program, debt purchases, and load guarantees: Troubled Asset Relief Program (Buying Debt/Loan/Mortgages) Pros It gets the assets off the books...
?Voluntary? Capital Purchase Program: The Small Print
Posted on October 14, 2008Treasury’s preferred equity investments are referred to as the Capital Purchase Program. The standardized terms on which $250 billion will be invested as senior preferred equity in “qualifying U.S. controlled banks, savings associations, and certain bank and savings and loan holding companies engaged only in financial activities”: Minimum subscription amount available to a participating institution [...
Margin Call Monitor: Buy Signals
Posted on October 14, 2008Insider buying has historically been one of the best buy signals. Well, the dark side of exuberant executive enthusiasm is forced insider selling when shares bought on margin plummet. That’s when insider selling could become a buy signal as share prices artificially beaten down by one or several large block trades offer an [...
Eurozone Pitches In
Posted on October 13, 2008Germany: ?100 Billion financial market stabilization fund and authority to guarantee up to ?400 Billion in bank debt. Spain: Up to ?100 Billion of guarantees for new debt issued by commercial banks this year and an unspecified further amount next year...
Treasury "Moving Quickly but Methodically"
Posted on October 13, 2008Chicago-based Investment Consulting Firm Ennis Knupp and Associates becomes the first private sector company to receive part of the $750 Billion Emergency Stabilization Fund in the form of a $2.5 Million one year advisory contract. Ennis Knupp was hired to assist the US Treasury Department evaluate potential asset managers and other vendors as [...
The Czar Speaks: Kashkari's First Press Conference
Posted on October 13, 2008Young Bailout Czar Neel Kashkari held his first press conference this morning. He described Treasury strategy to develop the multiple tools necessary to accomplish it’s mission of restoring capital flows to the US economy, reviewed actions taken to date, and announced next steps...
The Heavy Hand of Government: Hank Forces Himself on Wall Street
Posted on October 13, 2008The Treasury is using 1/3 of it’s new authority to purchase preferred equity in the nation’s largest bank holding companies: Goldman Sachs, Morgan Stanley, JP Morgan Chase, Bank of America, Citigroup (C: 15.75 +11.62%), Wells Fargo, Bank of New York Mellon, and State Street...
Treasury ?Moving Quickly but Methodically?
Posted on October 13, 2008Chicago-based Investment Consulting Firm Ennis Knupp and Associates becomes the first private sector company to receive part of the $750 Billion Emergency Stabilization Fund in the form of a $2.5 Million one year advisory contract. Ennis Knupp was hired to assist the US Treasury Department evaluate potential asset managers and other vendors as [...
The Czar Speaks: Kashkari?s First Press Conference
Posted on October 13, 2008Young Bailout Czar Neel Kashkari held his first press conference this morning. He described Treasury strategy to develop the multiple tools necessary to accomplish it’s mission of restoring capital flows to the US economy, reviewed actions taken to date, and announced next steps...
Soros: This is how Tarp ought to work
Posted on October 12, 2008Writing in the Financial Times, George Soros offers the following on “how to capitalise the banks and save finance”. Use Paulson’s new spending authorities to purchase preferred equity in US banks in a manner that provides tag along rights to existing shareholders...
Previous | Next
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COLUMBUS — The Ohio Department of Insurance has issued its secon...
UNICEF report on Gender Equality and Children
According to a report from UNICEF, despite the international commu...
Report on Opening Records for Adult Adoptees
"FOR THE RECORDS: RESTORING A RIGHT TO ADULT ADOPTEES Author: Made...
The Paulson Toxic Mortgage Debt Security Act: The Biggest Government Bailout of All Time
Legislative Proprosal for Treasury Authority to Purchase Mortgage-related Assets
Emergency Economic Stabilization Act of 2008
Bailout Bill HR124
Mitchell Report Summary
Report on Steroid Drug Use in Major League Baseball by Senator George Mitchell
Truth In Lending Act
Consumer Loans and Consumer Credit Protection Act
I have worked for this employer for only three weeks. The employer makes up his own rules as to what he chooses to report for the purpose of property taxes. He tells me to "let them come after us". He defines Entertain
He arrogantly insists, "let them come after us." Well, if you are invo...
I had an account with GEMB/Select Comfort to buy a new bed back in 2005. After paying it off (in 2006), I requested they close the account. In January of 2008, I declared bankruptcy (chapter 7). The creditor was NOT list
if you did pay it off before the bankruptcy and it wasn't listed as a accou...
Can driving accident be cause for termination?
If your state is an at-will state, the company can fire you for any reason or fo...
My father died and left my mother $200,000 (life insurance) My Mother died 2 years later leaving my sister and I with both about $75,000 each. (including house/vehicles/belongings which I never got). We were supposed to
File a police report. Two police reports, one for you and one for your sister. G...
Some elses debt is being reported by a bank to the crecit agencies. They know and have ackowledged it is not mine, yet it is still being listed as mine. it was my son's and no I didn't co-sign. It is adversly
It is easy for the bank and the credit reporting agencies to clear this confusio...
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I have worked for this employer for only three weeks. The employer makes up his own rules as to what he chooses to report for the purpose of property taxes. He tells me to "let them come after us". He defines Entertain
He arrogantly insists, "let them come after us." Well, if you are invo...
I had an account with GEMB/Select Comfort to buy a new bed back in 2005. After paying it off (in 2006), I requested they close the account. In January of 2008, I declared bankruptcy (chapter 7). The creditor was NOT list
if you did pay it off before the bankruptcy and it wasn't listed as a accou...
Can driving accident be cause for termination?
If your state is an at-will state, the company can fire you for any reason or fo...
My father died and left my mother $200,000 (life insurance) My Mother died 2 years later leaving my sister and I with both about $75,000 each. (including house/vehicles/belongings which I never got). We were supposed to
File a police report. Two police reports, one for you and one for your sister. G...
Some elses debt is being reported by a bank to the crecit agencies. They know and have ackowledged it is not mine, yet it is still being listed as mine. it was my son's and no I didn't co-sign. It is adversly
It is easy for the bank and the credit reporting agencies to clear this confusio...
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