Taxpayers About to Benefit Handsomely from Citigroup Bailout

You may remember that last year Citigroup (C) got a $25B bailout that was much bigger than the rest of the big banks. Now — about a year later — the company is about to pay dearly for the taxpayer provided lifeline.

In today’s market, the TARP’s 27% take in Citi has grown in . . . → Read More: Taxpayers About to Benefit Handsomely from Citigroup Bailout

Health Care

Health care in the USA is completely broken. Health care is a difficult problem, to be sure, but I think it’s clear that we’re currently solving it very badly. Two problems with health care: One is that people expect everyone to have the same health care as a rich person, even if they’re not . . . → Read More: Health Care

Economic Events on March 29, 2010

The monthly Personal Income and Outlays report will be released at 8:30 AM EDT.  The consensus for Personal Income is an increase of 0.1% over the previous month, which is the same rate of increase as January.  The consensus for Consumer Spending is a 0.3% increase since January, and the consensus Core PCE price . . . → Read More: Economic Events on March 29, 2010