Here are three new video blogs.
1) Bank CEOs Testify before Congress
Eight bank CEOs appeared before Congress on February 11, 2009 to explain how their institutions used the TARP funds they received in 2008. I comment on their testimony and the American taxpayer’s role as primary stakeholder of many of these firms.
2) The Positive Aspects of the Treasury’s New Plan
On February 10, 2009, Treasury Secretary Geithner delivered a speech and released a 7-page fact sheet describing the government’s new moves to address the financial crisis. I detail what I believe are the strengths of the plan.
3) The Negative Aspects of the Treasury’s New Plan
Unfortunately, the new plan has many flaws. I outline a few of the many problems.