CNBC: Citi to Repay TARP

From Maria Bartiromo at CNBC: Citi Plans to Repay TARP Via Stock Offering: Sources

Citigroup plans to pay back some of the $45 billion in TARP money it received last year by raising capital through a stock offering, CNBC has learned.

An…

Bernanke Calls U.S. Recovery ‘Fragile’

As he seeks re-election for another term as Federal Reserve Chairman, Ben Bernanke has been telling the Economic Club of Washington that the US recovery remains fragile. He pointed out that US employment levels are likely to remain at elevated…

Write-Offs: 12.02.09

$$$ Charlie Gasparino: Bank of America to Repay TARP [CNBC]

$$$ “They are introverts, some are socially awkward, and they don’t seek publicity. They are the type of guys you would see at a Star Wars convention,” said Sang Lee of Aite Group, on…

Write-Offs: 09.01.09

$$$ Wells Fargo to Repay TARP Without Raising New Equity [Bloomberg]

$$$ Captain Morgan: these are your tax dollars at work. [LATimes]

$$$ Survey: Bridgewater Is Biggest, Best Hedge Fund [FINalternatives]

$$$ Sheila Bair goes on the attack [The Deal]

$$$ Tax the stupid [GC]

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Write-Offs: 08.20.09

$$$ SheBair: 2nd most powerful woman in the world. [Forbes]

$$$ Goldman Sachs spent $630,000 lobbying gov’t in 2Q [AP]

$$$ TARP Oversight Panel Hires Former S.E.C. Official [Dealbook]

$$$ Matt Taibbi Tangles With Maria Bartiromo Over Health Care [BI]

$$$ The world’s first cocaine bar [Guardian]

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Write-Offs: 08.19.09

$$$ Derivatives traders turned cabbie sells TV pilot [NYP]

$$$ Citigroup’s Asset Guarantees to Be Audited by TARP [Bloomberg]

$$$ 12 Things You Absolutely Must Know Before Investing Again [clusterstock]

$$$ Paul Singer’s 2nd-Quarter Letter [Dealbook]

$$$ An Artist’s Impression Of A Goldman Sachs Bonus Securitization Offering [zh]

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Place your bets, the recession predictions are in

by divorced one like Bush

Come on, step right up, don’t be afraid. Lay that money down.


3 and 1/8 economist out of 4 say
the dastardly deed is done or ending by next month.

After months of uncertainty, economists are…

Maybe Europe’s "Sclerotic Socialism" Isn’t Such A Bad Economic Model After All

tentcity.jpgIf there’s one thing most American capitalists agree on it’s that Europe’s economy is a disaster.  It never grows, it takes years to fire lazy employees, there’s no entrepreneurialism and innovation, they tax they living hell out of you, etc.

And…

Geithner’s Friends Are MIA After Tirade

timgeithner 24march09 closeup tbiLast Friday Tim Geithner unfurled a slew of four-letter words that were not TARP, TALF or PPIP while blasting the banking regulators charged with executing  Obama’s overhaul of the financial system.

The tirade was odd because Geithner takes pains to present himself as…

Reappoint Ben Bernanke? No Way

bernankemad tbiShould we have re-elected Jimmy Carter in 1980 for his stewardship of the US economy?  Of course not.  Should Ben Bernanke be reappointed as Chairman of the Federal Reserve for his stewardship of the banking and credit systems?  Of course…