February 3, 2010
NEW YORK (TheStreet) -- A look at what's lying off the books at Fannie Mae(FNM Quote) and Freddie Mac(FRE Quote) provides some clues as to why the mortgage-finance giants recently received a "blank check" from the Treasury Department for future capital needs, and why the Obama administration has delayed announcing restructuring plans.
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January 25, 2010
NEW YORK — The recession pushed shoppers to pick necessities over discretionary items, discounts over luxury. But retailers hope to shift such behavioral changes further in coming months, affecting what consumers will buy, pay and experience at stores.
Everyone talks about ‘value’ these days. But that doesn't mean stores are going to be doing much deep discounting in 2010. The trend will be more regularly scheduled sales and more-attractive starting prices.
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February 2, 2010
Don't look now. But even as the bank bailout is winding down, another huge bailout is starting, this time for the Social Security system.
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February 3, 2010
As it turns out, Senate Democrats may not be able to force healthcare legislation through the chamber on a simple majority vote.
Republicans say they have found a loophole in the budget reconciliation process that could allow them to offer an indefinite number of amendments.
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August 18, 2009
You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.
Cronyism the Chicago Way.
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January 25, 2010
Too Big To Fail is revelatory, though not in the way Andrew Ross Sorkin intended. The book offers startling evidence that Hank Paulson and his deputies colluded with Goldman to create a liquidity crisis at AIG, and to manipulate the government funding a backdoor bailout of AIG's CDO counterparties, most notably Goldman. It's not that Sorkin's sources recounted the truth. Quite the opposite. Rather, they told him stories that were so transparently dishonest that the truth emerges by way of negative implication.
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