Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO

Category Archive: Paulson

  1. TARP 1.0 Didn’t Get Lending Going and TARP 2.0 Won’t Be Much Better" rel="bookmark">TARP 1.0 Didn’t Get Lending Going and TARP 2.0 Won’t Be Much Better

    TARP 1.0 didn’t get lend­ing going and TARP 2.0 won’t be much bet­ter. The prob­lem is that TARP 2.0 con­tin­ues to focus on banks as the pri­mary lend­ing insti­tu­tions despite the fact that banks aren’t the pri­mary source of non-real estate credit for con­sumers or busi­nesses. Most non-real estate lend­ing takes place through the “shadow […] [read full story]

    Posted in: BANKS, Bond Insurance, Community Development Financial Institutions Fund, Credit Crisis, economy, Finance, Fiscal Policy, Mutual Funds, Obama, Paulson, Politics, Public Policy, SBA, Timothy Geithner
  2. Why Hasn’t Treasury Worked Out A Program For Resolution of Non-Bank Financial Institutions?

    I don’t under­stand why Trea­sury hasn’t put in place a com­pre­hen­sive plan for the res­o­lu­tion of failed non-bank finan­cial insti­tu­tions. Paul­son and Bernanke said that they were work­ing on a pro­posal after the Bear Stearns col­lapse and that a frame­work for res­o­lu­tion of non-bank finan­cial fail­ures was needed imme­di­ately. But 8 months later the world […] [read full story]

    Posted in: BANKS, Bernanke, Business Environment, Credit Crisis, Economic Statistics, economy, Finance, Paulson, Politics, Regulatory Reform, Willem Buiter
  3. Regulatory Reform is Needed Now To Prevent The Next Bubble and Crisis

    Like a pet ger­bil run­ning end­lessly on a cir­cu­lar wheel, Gov­ern­ment lead­ers are putting all of us on the eco­nomic tread­mill of ser­ial fail­ure. Calls for an imme­di­ate inves­ti­ga­tion into what went wrong and why are going largely unheeded as gov­ern­ment lead­ers claim that a witch hunt is the last thing we need now. Well, I […] [read full story]

    Posted in: Bernanke, Bush Administration, Chris Cox, Credit Crisis, economy, FDR, Finance, Fiscal Policy, McCain, Obama, Paulson, SEC
  4. Sorry, big Federal spending doesn’t restore confidence. Five common sense confidence builders.

    Last Fri­day evening I was a guest on FOX Busi­ness and was asked if I thought whether the Paul­son Plan (which had just been approved by the House of Rep­re­sen­ta­tives) would improve con­fi­dence. The answer is an uncon­di­tional NO. Con­fi­dence is an expres­sion of trust in the integrity and wis­dom of our sys­tem and its […] [read full story]

    Posted in: Accounting, Confidence, Criminal Law, Finance, FOX BUSINESS NETWORK, Paulson
  5. Money Supply And Economic Data Weekly Watch – Reprint of A New York Times Economix Blog Post

    Octo­ber 4, 2008, 6:02 pm Will Paulson’s Two Plans Unplug the ‘Liq­uid­ity Trap’? By Mark Sun­shine Editor’s note: Mark Sun­shine, pres­i­dent of the com­mer­cial lend­ing insti­tu­tion First Cap­i­tal, writes a guest post about why we may be head­ing into what’s called a liq­uid­ity trap. This means that mon­e­tary pol­icy, includ­ing interest-rate changes, can’t pre­vent a […] [read full story]

    Posted in: BANKS, Deflation, Economic Statistics, economy, Finance, Fiscal Policy, GDP, Great Depression, Liquidity Trap, M2, monetary policy, Money Supply, Paulson, Tax policy, Wachovia, Wells Fargo
  6. FDIC Insurance limits – I have to eat some humble pie!!" rel="bookmark">FDIC Insurance limits – I have to eat some humble pie!!

    Today I have to eat some hum­ble pie. I was wrong in my blog over the week­end about why we didn’t need an increase in FDIC deposit insur­ance lim­its. I clearly did not under­stand that such an increase is a good idea because it would pro­vide the “grease” nec­es­sary to lubri­cate Con­gress and pass the Paul­son plan. […] [read full story]

    Posted in: BANKS, economy, FDIC, Finance, Paulson
  7. Money Supply and Economic Data Weekly Watch – Hold On Tight Cos I’m Afraid Of Heights!

    Hold on tight cos I’m afraid of heights and it’s time for blast off. Money sup­ply is on a one way ticket to the moon and we are going along for the ride. After 6 months of real money sup­ply shrink­age, this week’s Fed release of money sup­ply and its bal­ance sheet points to a rapid […] [read full story]

    Posted in: Bush Administration, Credit Crisis, economy, Federal Reserve, Finance, M2, Paulson
  8. The Government Bailout Wheel Makes Me Dizzy – A Guest Blog by Joseph Healey

    Remem­ber when you were a kid in the play­ground and your bud­dies caught you on that spin­ning metal wheel? They would spin the wheel faster and faster as you grabbed the metal bars for dear life and screamed Stop! Well I for one am feel­ing that same nau­se­ated feel­ing as I watch Trea­sury Sec­re­tary Paul­son […] [read full story]

    Posted in: BANKS, Credit Crisis, Economic Statistics, economy, Finance, Guest Blog, Joseph Healey, Paul O'Neil, Paulson
  9. Money Supply and Economic Data Weekly Watch – Smokey the Bear Says, “If you start a fire, put it out. Only you can prevent wildfires.”

      OK. I admit it. Nei­ther Ben Bernanke nor Hank Paul­son looks like Smokey the Bear (although Smokey does resem­ble my dog, Kelly). But like fire­fight­ers try­ing to save the for­est, the dynamic duo are fever­ishly try­ing to save the U.S. econ­omy from an eco­nomic wild­fire by drown­ing the cri­sis with liq­uid­ity. Every week I […] [read full story]

    Posted in: BANKS, Bernanke, Credit Crisis, Deflation, Economic Statistics, economy, Fannie Mae, Federal Funds Rate, Federal Reserve, Finance, FOX BUSINESS NETWORK, Freddie Mac, Great Depression, Inflation, M1, M2, monetary policy, Money Supply, Paulson

    This morn­ing on CNBC, Sec­re­tary of the Trea­sury Hank Paul­son advanced the cause of reck­less behav­ior when he inex­plic­a­bly gave the man­age­ment and boards of Fred­die Mac and Fan­nie Mae a “get out of jail free” card. Amaz­ingly, Paul­son announced that he didn’t blame the respec­tive senior exec­u­tives and boards for the fail­ures and that […] [read full story]

    Posted in: Credit Crisis, Criminal Law, Disclosure, economy, Fannie Mae, Finance, Freddie Mac, Paulson, Secretary Snow