Aig

Six month economic policy status update

We’re less than two weeks away from the six month mark of the Obama Administration. Here is a summary I would give to someone who had missed the past six months. I think the groupings are particularly important.

Intro to TARP: Banks have two problems

The big banks (and some large non-banks like AIG, Fannie Mae, and Freddie Mac) have two problems, not one:

1. They don’t have enough capital.
2. They have on their balance sheet downside risk that is creating…

Statement by Treasury Secretary Hank Paulson

The President will speak at 10:45 AM. I’ll send his remarks soon after he has spoken. Here’s what Secretary Paulson said shortly after 10 AM this morning.

Last night, Federal Reserve Chairman Ben Bernanke, SEC Chairman Chris…

A messy end to a bad farm bill

Now let’s look at last week’s farm bill procedural snafu.

Last Wednesday we thought the farm bill veto would be straightforward:

• Congress passes the farm bill conference report and sends it to the President. There are…