Tag: TARP
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Finally It’s Official
Few weeks back I talked about The Geithner Put and raised my concerns about the plan. So finally, it’s official now that The U.S. Treasury’s plan to purge toxic assets from banks’ balance sheets is vulnerable to fraud and abuse and needs tough rules against conflict of interest, the government’s bailout watchdog said on Tuesday.…
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Harley (HOG) Misses, JP Morgan (JPM) Beats
Harley-Davidson Inc (HOG) said quarterly earnings fell 37 percent, pulled down by costs from its recession-triggered restructuring and a tax change in its home state of Wisconsin but still expecting to meet full-year shipment forecast; “mildly encouraged” that the rate at which sales declined in the United States, its biggest market, slowed during the quarter.…