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Emergency Economic Stabilization Act

Citigroup: Systemic Risk and Moral Hazard

John Harrington | Posted 06.15.2015 | Business
John Harrington

No one needs to remind us of the cataclysmic U.S. economic crisis and resulting great recession beginning in 2008, primarily caused by excessive speculation in housing mortgage financing and the leveraging of exotic financial instruments.

The Phantoms of Economic Stabilization

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

Last September, in arguing against passage of the Emergency Economic Stabilization Act that created TARP, I hedged: Government action is absolutely n...

Pop Goes The Compensation Bubble

Harry Moroz | Posted 05.25.2011 | Politics
Harry Moroz

Doubts about the federal government's ability -- and willingness -- to reign in excessive executive compensation have persisted since October of last year. Now, the tables have turned.

Parsing TARP: Sweetening the Deal

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

The American public was sold on TARP -- the Troubled Assets Relief Program -- based on the idea that the funds would be used to buy up, well, troubled assets.