Despite $7 trillion in approved federal interventions, corporate borrowing remains severely constrained. No high yield corporate bonds were issued in November, a worldwide phenomenon.
Ex-White House economic adviser Al Hubbard predicted TARP passage would ensure a nice outcome. That "happy ending" remains elusive. Mr. Hubbard's sorry track record continues.
Ex-White House economic adviser Al Hubbard predicted TARP passage would ensure a nice outcome. That "happy ending" remains elusive. Mr. Hubbard's sorry track record continues.
