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

The government is tying up capital trying to prop up the gigantic and inefficient "Big Three" car companies that were in some ways the iconic firms of the mid-20th century. These resources are being wasted: they could be used more efficiently and more profitably, and therefore more effecti ... Read more

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

Edmunds.com reports that its statistical analysis of the Cash for Clunkers program finds that the program generated only 125,000 extra new vehicle sales, meaning that the cost to the U.S. government was $24,000 for each of those new cars. ... Read the full post ... Read more

GMAC seeking third round of bailout funds - WSJ - Oct. 28, 2009: "GMAC Financial Services is seeking a third round of bailout funds from the U.S. Treasury Department, according to a report in the Wall Street Journal....the U.S. government could provide an additional $2.8 billion to $5.6 billion to t ... Read more

A recent quote from Richard Russell, 84-year-old doyen of newsletter writers who has been writing the respected Dow Theory Letters for the past 50 years. Russell said: “The whole bailout campaign stinks to high heaven. It was created and run by Wall Street -- FOR Wall Street ... Read the f ... 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

Life insurance companies, normally thought of as bastions of stability, have come under greater scrutiny from concern that their holdings of mortgage-backed securities and aggressive annuity guarantees may put their financial stability at risk. Where can you go to determine the strength of your in ... Read more

Our government paid $173 billion for 80% of AIG, . Our Congresspeople are outraged over $165 million of bonuses. There's a lot more to be outraged over -- like who got the $173 billion. At the top of the list -- surprise, surprise -- is Goldman Sachs, the same place our previous Treasury Secretary H ... Read more

Not to get your Friday off on an irritable start, but did you know that more than $221 million in taxes is overdue from 13 of the 23 largest recipients of Troubled Asset Relief Program (TARP) funds? That's the word from the House Ways and Means Subcommittee on Oversight, which held a hearing ... Read more

Word has probably spread around by now that the Federal Reserve is going to buy everything in America that's not nailed down, throwing another $1,150,000,000,000 lifeline at markets. (Read the full text to see what a trillion looks like.) The Federal Open Market Committee (FOMC) yesterday informed t ... Read more