The Obama administration says the government may not be able to pay its bills as soon as February if lawmakers do not raise the federal debt ceiling.» Read More
Investors will have to short government bonds at some point despite their current attraction, as the amount of debt issued is "staggering" and inflation risks are down the road, Jim Rogers, CEO of Jim Rogers Holdings, told CNBC Tuesday.
The new financial rescue plan may not work and could even make things worse because it plunges the US further into debt and it is designed by the same people who failed to forecast the crisis and take measures, legendary investor Jim Rogers told CNBC Tuesday.
The Treasury's latest financial-rescue plan is expected to use a variety of methods to take bad assets off of banks' books, including encouraging private firms to buy up the toxic debt, sources told CNBC.
The financial-rescue plan is now expected to include a new form of "bad bank" that would take bad assets off of banks' books. Earlier, CNBC.com reported that the "bad bank" concept had been dropped, but sources said a new version of that plan has emerged instead
The Obama Administration's new bank bailout plan is expected to include a new form of "bad bank" that would essentially combine public and private resources to take bad assets from banks' books.
The Treasury secretary should be careful. This analyst could easily undo his big announcement Tuesday.
Cramer talks TARP, bad banks and rescue plans. Plus, new stock calls.
$700 billion in TARP. Billions more in TALF. The federal government has stabilized the banking system. So why can't you get a car loan?
When I broke the news this morning about GM Vice Chairman Bob Lutz retiring I had mixed emotions. On one hand I thought to myself, "Good for him. If this is what he wants to do, he should do it." On the other hand, I was thinking to myself, "It's too bad he won't be 'in the arena' because this industry needs someone like Bob Lutz."
It's buy the rumor on the stimulus package, the Geithner package, and hopes that mark-to-market will be modified.
Timothy Geithner stood alongside President Obama yesterday. Obama talked about bank compensation limits and Geithner spoke about the need for trust, confidence, and faith in our leaders to get the job done. However, Mr. Geithner is guilty of a double standard.
The suppliers are now talking with the Treasury Department about getting $20.5 Billion in federal aid. These guys are hurting, close to collapsing, and on the verge of blowing a hole through the auto industry.
Treasury Secretary Timothy Geithner is no Hank Paulson when it comes to his personal finances.
Since Geithner is something of a wounded warrior from the tax non-payment controversy, Team Obama’s economic policy is shifting toward a Larry Summers power-center right now.
That is the question this year about Davos. In such troubled economic times, expected participants—from Wall Street To Washington—are dropping like flies.
These two guys got away with murder, but no one seems to care.
The last thing we need is another master of the universe who feels like the rules of the moral code do not apply to him, says Jerry Bowyer.
With rumors swirling over a nationalization of Citigroup and serious questions being raised about the Geithner nomination, the US is in for a tough weekend, says Andrew Busch.
Wall Street and Washington now favor a government-run entity to buy troubled assets from banks and other struggling financial firms.
Team Obama has gotten its way on the Tim Geithner nomination for Treasury Secretary - but the Democrats may rue the day, since Geithner’s lack of character and truth-telling will surely take its toll and sully President Obama’s new era of responsibility.