Based on comments this am from CNBCs Joe The Hair Kernen, former U.S. Treasury Secretary Hank Paulson needs to get over to Europe and sheperd a new TARP program. Todays lead editorial in The Globe Mail echoed the need for a European version of TARP to ensure the global economy didnt sink into another economic recession.
Those of you whove been watching Kim Parlee and I on BNN TVs Business Day will recall that we had this very discussion from four and six weeks ago; Mr. Paulsons name was my candidate to lead the charge too. That was after August 4ths discussion with BNNs Andy Bell that it was time to go 20% in cash; in hindsight, I wish Id gone alot higher.
Of course theres trouble , regardless of the type of asset weighing down a bank balance sheet.
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The Southwest Airlines Rapid Rewards® Plus Credit Card is the latest airline credit card from Chase to get a makeover and, as was the case with the United MileagePlus Explorer card, the new Rapid Rewards Plus card looks to be a modest, though nice improvement from its predecessor. The key benefit is a 25,000 bonus point award earned once a single purchase is made with the card. These points are worth a little over $400 when used for Wanna Get Away fares. Thus, depending on flight costs, could cover more than one roundtrip ticket.