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Investing

The TARP Queen

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Why we should all bow before Elizabeth Warren (even if you’ve never heard of her).

By James Scurlock of The Big Money

Five years from now, when Tesla Sedans and Facebook and American Idol have miraculously powered America out of its second Great Depression, historians may share a belly laugh about the days—not that long ago!—when respected economists and policymakers spent trillions of borrowed dollars attempting to bail out “toxic” and “troubled” assets, as though they might rehabilitate a subprime mortgage gone bad with a solid hug, maybe a week at Promises for one of those nonperforming (but still chic) California jumbo mortgages. Problem solved! Of course these much-maligned assets were not really the problem, they will chortle. It was the people underlying these assets who were truly troubled; it was the institutions that overleveraged so many Americans so insidiously that were really toxic.

How could we have been so blind? they will wonder.

Read more…

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

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Citigroup (C) shares are going up every day now, gaining 23% yesterday. So far, the stock has gone from a…

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