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Posts Tagged ‘tbtf’

5 Years Later, ‘TBTF’ Elephant In America Remains

Posted by Larry Doyle on February 21st, 2014 12:13 PM |

A slew of minutes and commentary related to Federal Reserve meetings held during the crisis of 2008 are just now being released.

While many of the minutes provide a riveting look at the topics on the table at that point in time, I found the following highlighted in a synopsis at The Street.com to be particularly meaningful. (more…)

Treasury’s Herb Allison Needs a Truth Enema

Posted by Larry Doyle on March 4th, 2010 12:33 PM |

According to testimony this morning from Treasury official Herb Allison, currently charged with overseeing the management of the TARP, there are no financial firms now guaranteed as ‘too big to fail.’

What rock did Herb just crawl out from?

The Wall Street Journal addresses Herb’s ridiculous comment in writing, Treasury Official: ‘No Too Big to Fail Guarantee’ for Big Financial Firms:

There is no U.S. government guarantee to protect the largest financial firms, a Treasury Department official said Thursday, as a congressional watchdog criticized the $45 billion in government aid provided to Citigroup Inc. (more…)






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