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Welcome to Krasneys On Everything Money Blog. These articles are a compilation of current articles that we find interesting and hope you will as well.

Obama Needs to Be More ‘Aggressive’ on Banks, Autos, Baker Says

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Wednesday, 01 April 2009 11:53 Written by Jonathan Krasney

April 1 (Bloomberg) -- President Barack Obama’s administration should be more forceful in dealing with banks and U.S. automakers, said former Treasury Secretary James Baker.

“They should be more aggressive in terms of the financial institutions,” Baker, 78, said on Bloomberg Television’s “Conversations with Judy Woodruff” airing today. Some form of pre-arranged bankruptcy is “what should have happened with the automobile industry.”

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Obama Aims to Overcome G-20 Discord on Economic Plan

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Wednesday, 01 April 2009 00:10 Written by Jonathan Krasney

April 1 (Bloomberg) -- President Barack Obama arrived in London last night for a summit among leaders of the world’s biggest economies with the aim of overcoming signs of discord in dealing with the global financial crisis.

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Bank CEOs Tell Obama They Are Working Toward Recovery

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Friday, 27 March 2009 19:26 Written by Jonathan Krasney

March 27 (Bloomberg) -- Chief executive officers from some of the nation’s largest banks told President Barack Obama that they will work with him to achieve an economic recovery and agreed that financial-market regulations need to be overhauled.

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Geithner’s Toxic-Asset Plan on Slow Track as Values Deteriorate

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Friday, 27 March 2009 19:17 Written by Jonathan Krasney

March 27 (Bloomberg) -- The Obama administration’s plan to remove distressed assets from bank balance sheets may take three months to begin operating, risking further deterioration in the value of the securities and driving up rescue costs.

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Weak Demand at Treasury Auction Gives Wall Street Pause

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Thursday, 26 March 2009 12:22 Written by Jonathan Krasney

In an early sign that Washington may have to pay more to finance huge stimulus plans to fix the economy, investors hesitated at buying a government debt issue on Wednesday, forcing the Treasury to pay a higher interest rate than expected.

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