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The Money Blogs is the source for Blogs about the latest financial and stock market news with rss feeds

FINTAG COMMENT Fiddling. Now the US has decided to interfere with capitalism by ramming a huge lever into the largest cog of all, the unexpected rears its ugly head. Banks don't want any government bail out money and are trying to hand it back. They are however hampered by the small print of the ... Read more

Lessons From Japan in Stemming a Crisis - NYTimes.com : A reminder from Japan: Don't coddle the banks, act swiftly, and force the banks to write off bad debts. "I thought America had studied Japan’s failures,” said Hirofumi Gomi, a top official at Japan’s Financial Services Agency during ... Read more

From the Washington Examiner , 10/23 : "Measuring the effectiveness of TARP's programs has been an ongoing challenge," the GAO report said, adding that "any changes attributed to TARP could well be changes that would have occurred anyway" -- due to policy intervention ... Read more

Here is an interesting clip from a very outspoken Former Assistant Treasury Secretary on the bailouts, the dollar, and Goldman Sachs. .... Craig Roberts: Bank bailout was a fraud and it won't succeed. Don't not know what sort of stupidity the Treasury Secretary and the Federal Reserve will re ... Read more

Banks are getting TARP money, but they are not using it to ease credit to consumers and businesses, at least to the extent that taxpayers and some members of Congress believed that they should. According to The Wall Street Journal, “the biggest recipients of taxpayer aid made or refinanced 23% les ... Read more

DealBook Column - If Goldman Returns Aid, Will Others? - NYTimes.com : "Goldman Sachs is planning to give back its TARP money soon. Very soon, actually...Goldman’s sudden urgency to return the money stems, in part, from the uproar over A.I.G.’s bonuses last week, and the criticism of Goldma ... Read more

From the WSJ: U.S. Weighs Further Steps for Citi Barely a week after the third rescue of Citigroup Inc., U.S. officials are examining what fresh steps they might need to take to stabilize the bank if its problems mount ... Citi executives said they haven't detected signs of corporate clients or ... Read more

From the NY Times: Geithner Said to Have Prevailed on the Bailout . According to the NY Times, the plan includes: [T]he creation of a joint Treasury and Federal Reserve program, at an initial cost of $250 billion to $500 billion, to encourage investors to acquire soured mortgage-related assets ... Read more

From the WSJ: Bailout Talks Turn to More Equity Stakes The Obama administration's financial-rescue plan is shaping up to include capital injections with tougher terms than the first round and an expansion of an existing Federal Reserve lending facility that could potentially buy up toxic assets ... Read more