We’re overdue here to discuss the big announcement this past week about how the government plans to sort out the “toxic assets” that have been preventing new lending and slowing down the economy.
Now, first things first: “toxic assets,” which were first referred to as “troubled assets,” will now be called “legacy assets.”
See? Things [...]
The text of the bailout legislation is below. This comes from a version posted by the L.A. Times that says “discussion draft,” but it has the same file name as the bill posted on the House Speaker’s Web site, so I believe this is the bill that will be considered in the House tomorrow. [Update: [...]
A good number of bills have been introduced this week to distribute blame and respond to the financial crisis triggered by the failure of the government-sponsored home mortgage enterprises.
“Wakerider” legislation – bills that follow the headlines – deserve some skepticism because the time is ripe for political posturing and other silliness, but some of the [...]