Weekly Roundup

Last week was a rough one, but thankfully it’s over. If you happen to live in a cave, here's what went down. AIG is going through money like toilet paper, and the government keeps giving them rolls to TP houses with. Apparently some banks are giving the cold shoulder to TARP investments, and saying thanks but no thanks. President Obama unveiled latest plan (because all the others have been working wonders), this time called Mortgage Modification. This and much more in another edition of the Weekly Roundup.

Scarily Similar

• AIG loses $61.7 Billion and as a reward gets an additional $30 Billion
  from the feds. Ever wonder where the government keeps getting all that money from?

• You put one bank in, you take one bank out: looks like some TARP recipients don’t want the money.

• Just when you thought you were out they pull you right back in! Here’s another round of TARP investments, brought to you by bailoutsleuth.com.

• Blackjack no take backs, TCF Financial Corp returns TARP money.

• There’s no going back now. Two mortgage giants fall and probably won’t get back up.

• Cafehayek.com shows what’s in store for Fannie and Freddie.

• The Dow can speak if we listen hard enough.

• Calculatedrisk.com provides details on the throw more money away, I mean, Mortgage Modification Plan.

• Could pensions be the next bailout?

• Doug Bandow at Cato@Liberty, still seems upset about the “stimulus bill.”

• Here’s two good pieces on how Obama plans on flushing more money down the toilet.

• “Where are the keys to the vault?”

• Banks undergoing stress tests. They should really take a day off.

• Lobbyists get $3.4B. who knew? Hint: everyone.

• I think this goes without saying, but how about a little transparency for these bailouts?