Bank Bailouts have it upside down

[Skip to the end] >    >   On Thu, Jan 29, 2009 at 8:52 PM, Russell wrote: >    Bank Bailout Could Cost Up to $4 Trillion: Economists Jan 29 (Reuters) — Goldman Sachs estimated that it would take on the order of $4 trillion to buy troubled mortgage and consumer debt. That number could shrink if the […]

A Quiet Windfall For U.S. Banks

[Skip to the end] A Quiet Windfall for US Banks By Amit R. Paley The financial world was fixated on Capitol Hill as Congress battled over the Bush administration’s request for a $700 billion bailout of the banking industry. In the midst of this late-September drama, the Treasury Department issued a five-sentence notice that attracted […]