Hiding Under the TARP

The Treasury Department has been writing checks to banks for a couple weeks now.

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Silver Lining to the Financial Crisis

If anything, the collapse of the nation's financial markets has forced even the staunchest of believers in the Free Market® to consider the possibility that sometimes the "market" doesn't know best.

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The Cost of TARP, Dollars and Opportunity

Stan Collender ponders the bottom line of the Troubled Asset Relief Program (AKA "TARP", AKA "Wall Street Bailout", AKA "financial rescue", AKA "Just Trust Us") and what it means for the next administration inthis week's Fiscal Fitness column.

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Commentary: Bailout Package Signed into Law; Economic Stimulus Still Needed

With the enactment of a $700 billion Wall Street bailout, or "financial rescue" package, prospects for success in stabilizing the nation's financial markets remain uncertain. Certain, however, is that deteriorating economic conditions that continue to put Americans on the unemployment rolls will remain unaffected by the implementation of the Troubled Asset Relief Program (TARP). And despite over $100 billion in tax cuts included in the package, Congress failed to leverage even modest economic stimulus from the resulting jump in the federal budget deficit. If and when Congress returns to work for a lame-duck session after the elections, it should consider what steps to take next to improve the economy and aid those who have fallen victim to it.

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House Approves, Bush Signs Bailout Bill

In a stark reversal of Monday's vote, the House approved the Senate-passed version of a financial market rescue bill.

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Senate Approves Bailout; Cost "Impossible" to Predict

Last night, the Senate approved a financial rescue (or Wall Street bailout) bill, HR 1424, by a 74-25 vote. As we noted yesterday, the package includes not only a provision that grants the Treasury Secretary $700 billion to purchase troubled financial assets, but also a package of tax cuts passed previously by the Senate.

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Senate Attempts to Sweeten Bailout Bill

If Monday's Wall Street bailout bill, which the House failed to pass, was, as House Minority Leader John A.

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Next Move After House Fails to Pass Wall Street Bailout Uncertain

Congressional leaders were left scratching their heads, contemplating what to do next after the House failed, by a vote of 205-228 to approve a $700 billion plan to buy up troubled financial assets that are purportedly threatening the financial markets.

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Updated Wall Street Bailout Plan Details

This post is an updated version of our previous post on a summary of the $700 billion Wall Street bailout plan that the House rejected (205-228) this afternoon.

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