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While Tim Geithner recycles the TARP plan and hones in on toxic mortgages losses are mounting in other credit products:

CLOs, the biggest buyers of leveraged loans used to finance private equity buyouts in the boom of 2005-2007, have suffered as the value of the loans declined, but are now facing tangible losses as companies default on their debt.

While homes have certainly been the crux of this problem credit problems in private equity, commercial real estate and consumer credit are mounting.  I have a feeling Geithner and co. will be coming back to Congress for another round of TARP money in the Fall.