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Emergency Economic Stabilization Act

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.

Dow plummets record 777 as financial rescue fails

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — The failure of the bailout package in Congress literally dropped jaws on Wall Street and triggered a historic selloff _ including a t...