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Tag Archives: TARP
Children in the Candy Store
The bad news keeps piling in: $150 billion commitment to a non-bank, AIG GE Capital (which is not a bank) gets FDIC Insurance backup for $139 billion American Express and CIT Group are now banks – I guess everyone is … Continue reading
Posted in Finance
Tagged AIG, American Express, Campbell Harvey, CIT Group, Financial Crisis '08, Ford, GE, GM, TARP, Wachovia, Wells Fargo
2 Comments
Who deserves to be bailed out?
I appeared on Business News Network to discuss: the missteps in implementing TARP, who should be bailed out, alternative plans to regenerate credit and the implications for the real economy. View the clip here.
The Fall of the House of TARP: Time for Plan B
I am not surprised that the Troubled Asset Relief Program (TARP) failed. The paper that I put out on Friday detailed the numerous problems with the TARP. My paper argued that the TARP had at least three major flaws.
Posted in Finance
Tagged Cam Harvey, Campbell Harvey, Equity Injection, Financial Crisis '08, Harvey Proposal, TARP
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