Posts Tagged ‘credit crisis’

More Private Risk Transferred to Public; GE to Issue FDIC Backed Bonds

Monday, March 9, 2009 10:34 1 Comment

Private gains through public risk.
In the latest of public subsidies handed out to private corporations, GE Capital will sell debt this week under the Federal Deposit Insurance Corp.’s (FDIC) Temporary Liquidity Guarantee Program. GE will enjoy a very low cost of borrowing as it issues bonds backed by the full faith and credit of the [...]

This was posted under category: Bailout, GE Tags: , , , , , , , , , , , , , ,

WSJ Article on ChartingStocks.net; Honorable Mention or Finger Pointing?

Friday, February 20, 2009 20:21 12 Comments

[Update: It's official - They're are blaming US for the bank sell off today. I wonder who was to blame for the previous two years?]
Links:
http://online.wsj.com/article
Dow Jones traces today’s pre-market hysteria back to ChartingStocks.net
The following article was posted in todays Wall Street Journal. The author, Donna Kardos, wrote the piece which covered todays slide of Citigroup [...]

This was posted under category: Media Tags: , , , , , , , , , , ,
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