Topic: Troubled Assets Relief Program

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Europe's debt crisis: 5 ways it's been put to good use

Europe’s debt crisis has roiled financial markets and populations. But beyond nationwide strikes and gyrating markets, Europe has put its crisis to good use. Here Jacob Funk Kirkegaard, a research fellow at the Peter G. Peterson Institute for International Economics points out five trends that will ultimately strengthen the European Union and the euro currency.
European debt crisis: Seven basics you need to know

Will this crisis ever be over?! Eurozone nations seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort. Here's what you need to know about the problem and possible ways forward.
Stock market jitters: Eight reasons investors are on edge

Stock markets have been swinging wildly of late. Even though corporate earnings have shown strength over the past year and not all economic indicators have been gloomy, investors are on edge. Uncertainty looms on several fronts – from concerns about the basic health of the economy to doubts about fiscal policies in the United States and Europe. Here's a look at the forces weighing on investors' outlook:
Smoke and mirrors in Obama's budget? Five examples of creative accounting.

President Obama's proposed $3.7 trillion dollar federal government budget works some economic magic, from disappearing programs to mystery funding sources.
Here’s a look at five key head-scratchers in the 2012 budget:
Top 5 overlooked stories of 2010

Here are five 2010 developments that probably didn't get as much attention as they should have, given their potential import to America in the years ahead.

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Romney's former rivals gloss over earlier anti-Romney remarks

One by one — with the exception of holdout Ron Paul — the GOP also-rans have coughed up endorsements of their onetime rival.
Tax VOX
With European elections, is austerity in the US doomed?

It's easy to look at European elections in France, Greece, Spain, Portugal, Italy, and Denmark and see a massive rejection of fiscal austerity. Is that accurate, and what does it mean for proponents of austerity in the US?
Orrin Hatch close call in Utah: Tea party rising?

Sen. Orrin Hatch is favored to win reelection, but first he faces a primary election against tea party favorite Dan Liljenquist. Can Hatch avoid the fate of former Utah Sen. Bob Bennett, ousted in 2010 by the tea party?
Goldman Sachs culture 'toxic'? Letter confirms suspicions about Wall Street.

Polls show that Americans hold a very low opinion of Wall Street, and a damning public letter of resignation from a Goldman Sachs executive could only amplify that perception.
David Dreier to leave Congress: Is California losing its clout?

Some worry that David Dreier's retirement means reduced clout for California on Capitol Hill. But others say an anti-pork atmosphere in Washington means their concerns are overblown.
$132.9 billion: Remember TARP? It still owes you.

$132.9 billion short, the 2008 US bailout of the financial system could continue through 2017. Some of the $132.9 billion TARP money will never be recovered.
The New Economy
Eurozone solution: Save banks, not nations

The eurozone needs an enforcer who can tell lawmakers what they don't want to hear: They have to let some eurozone nations fail and make sure eurozone banks don't. 
Europe's debt crisis: 5 ways it's been put to good use

Europe’s debt crisis has roiled financial markets and populations. But beyond nationwide strikes and gyrating markets, Europe has put its crisis to good use. Here Jacob Funk Kirkegaard, a research fellow at the Peter G. Peterson Institute for International Economics points out five trends that will ultimately strengthen the European Union and the euro currency.
Congress to vote on $1 trillion bill to fund government 9 more months

The House and Senate are set to vote Friday on a huge omnibus bill to fund government for the rest of fiscal 2012. Unemployment insurance and payroll tax cut are still up in the air.
Robert Reich
Three factors that are polarizing the nation

As they have in the past, the nation's prolonged economic problems will realign the major parties, create new coalitions, and yield new solutions
Bank bailout in US offers roadmap for crisis in Europe

Analysis: The bank bailout of 2008-2009 could be a guide for the euro zone – but will it be a good guide? Remember that the US's bank bailout angered many Americans.
Newt Gingrich pushes back against critics

Faced with growing criticism about his many years as a Washington insider, Newt Gingrich has launched a new website "Answering the Attacks." But some across the political spectrum continue to raise questions about his professional and personal record.
The Vote
As Newt Gingrich rises in polls, can he withstand spotlight's glare?

Newt Gingrich's 'poll vault' to the top of the GOP heap means his character and record are coming under greater scrutiny. 'Everybody will dig up everything they can,' he says. 'That's fine. They should.'
Solyndra scandal probe widens as White House orders new review

Faced with a growing scandal over the bankrupt Solyndra solar power company, the Obama administration has ordered an independent review of government loans to energy companies. Republican lawmakers say they'll subpoena internal White House communications on Solyndra.
The New Economy
Iraq war will cost more than World War II

Iraq war, now winding down with US troop exit by December, has cost more than $800 billion so far. But ongoing medical treatment, replacement vehicles, etc., will push costs to $4 trillion or more.
Class warfare? What about the ignorance gap?

Occupy Wall Street protesters point out a ballooning US wage gap. It shouldn't distract us from another great cleavage: the ignorance gap. That’s the difference between those willing to listen and consider and those who refuse to do either. And it plays out in politics with grave consequences.
The Daily Reckoning
The financial world is twisted

The problems get bigger, with no solutions in sight
Occupy Wall Street: Who are targets of 'millionaires march'?

Occupy Wall Street protesters Tuesday marched on the residences of some of the power brokers who they say are responsible, at least in part, for the nation's economic ills.
Robert Reich
'Occupy Wall Street' the Left's Tea Party? Maybe, but...

If Occupy Wall Street coalesces into something like a real movement, the Democratic Party may have more difficulty digesting it than the GOP has had with the Tea Party.
The Circle Bastiat
Federal Reserve: The nation's most profitable bank

Revenues for the nation’s banks were lower for the second consecutive quarter, and Bank of America and others are trading at a fraction of book value. But those numbers don’t include the nation’s central bank–the Fed.
European debt crisis: Seven basics you need to know

Will this crisis ever be over?! Eurozone nations seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort. Here's what you need to know about the problem and possible ways forward.
Stock market jitters: Eight reasons investors are on edge

Stock markets have been swinging wildly of late. Even though corporate earnings have shown strength over the past year and not all economic indicators have been gloomy, investors are on edge. Uncertainty looms on several fronts – from concerns about the basic health of the economy to doubts about fiscal policies in the United States and Europe. Here's a look at the forces weighing on investors' outlook:
Europe's debt crisis: Five ways it's been put to good use

Europe's debt crisis has roiled financial markets and populations. But beyond nationwide strikes and gyrating markets, Europe has put its crisis to good use. Here are five trends that will ultimately strengthen the European Union and the euro currency.
Rating falls, markets plunge, critics rage. But tea party isn't blinking.

Tea party lawmakers say the S&P's downgrade of the US credit rating and the markets' convulsive reaction on Monday is merely confirmation that they had been right all along.
America's big shift right

Why the country's conservative drift, on a wide range of issues, has accelerated.