CNBC
Over at CNBC.com, John Carney says TARP II is coming. In fact, he seems to thinks its almost guaranteed.
I seriously doubt there would be 10 votes out of the 535 in the House and Senate in favor of another bank bailout bill. Actually, I'm not sure it would even make it out of committee in either house.
Anyone know if you can buy TARP II futures?
In theory, I'll be on CNBC today at 10:50 am Eastern time talking about Wall Street and the 2010 elections. I say "in theory" because interviews often get rescheduled or cancelled depending on the news.
Update: Here's the clip.
My column from this morning's Roll Call is about Wall Street's clearly changing opinion about the federal deficit and national debt. I wonder why CNBC hasn't discussed this yet.
Bond Vigilantes Are Now Deficit Cheerleaders
Aug. 3, 2010
The story is that the bond market forced President Bill Clinton to change his budget plans. Bob Rubin, director of the newly created National Economic Council, supposedly convinced Clinton that those who buy and sell Treasury securities on Wall Street would force interest rates much higher and hurt the economy if he didn’t do something about the deficit and federal borrowing.
