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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.

Geithner Tempts Investors With Loans, 25% Returns

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Tuesday, 24 March 2009 14:32 Written by Jonathan Krasney

March 24 (Bloomberg) -- The U.S. government’s plan to rid banks of toxic assets may attract investors with financing that helps generate returns as high as 25 percent, fund managers and analysts said.

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Nobel Winners Spence, Krugman Clash on Geithner Plan Prospects

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Tuesday, 24 March 2009 12:32 Written by Jonathan Krasney

March 24 (Bloomberg) -- Treasury Secretary Timothy Geithner has a good chance of succeeding with his plan to cleanse banks of toxic assets, says A. Michael Spence, co-winner of the 2001 Nobel Prize in economics. Paul Krugman, the newest laureate, is so sure Geithner will fail that he’s full of “despair.”

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Obama Plan Seeks Private Investors for Risky Assets

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Monday, 23 March 2009 13:24 Written by Jonathan Krasney

WASHINGTON — The Obama administration formally presented the latest step in its financial rescue package on Monday, an attempt to draw private investors into partnership with a new federal entity that could eventually buy up to $1 trillion in troubled assets that are weighing down the nation’s banks and clogging up the credit markets.

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U.S. Treasury Announces $1 Trillion Toxic-Debt Plan

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Monday, 23 March 2009 12:56 Written by Jonathan Krasney

March 23 (Bloomberg) -- The U.S. Treasury announced a plan aimed at financing as much as $1 trillion in purchases of distressed assets to help a financial system that is “still working against recovery.”

The Public-Private Investment Program will use $75 billion to $100 billion from the $700 billion Troubled Asset Relief Program enacted last year, giving the government “purchasing power” of $500 billion, the Treasury said today in a statement in Washington. The program may double “over time,” it said.

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Bernanke Says Fed Trying to Oppose Forces Countering Rate Cuts

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Friday, 20 March 2009 16:56 Written by Jonathan Krasney

March 20 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the central bank is trying to counter “widening credit spreads” that are blunting efforts to pump cash into the economy after the Fed cut the main interest rate almost to zero.

This week’s Fed decision to buy $1.15 trillion of Treasuries and housing debt is “intended to improve conditions in private credit markets,” Bernanke said today in a speech in Phoenix, echoing a Fed statement this week.

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