The President's "across-the-aisle" plan to give housing relief to the middle class needs to give credit where credit is due.
FORTUNE -- Washington is very good at creating things out of thin air. The Federal Reserve has created trillions of dollars that it has used to buy securities in an attempt to hold down interest rates. Congressional Republicans have created numerous reasons why having the federal government default on its debt is MOREAllan Sloan, senior editor-at-large - Aug 14, 2013 5:00 AM ET
Don't feel bad if you weren't aware of the recent plummet in long-term bond prices. Most everyone else missed it too.
FORTUNE -- We hear lots of talk about the bond market these days. So let me ask you a simple question: Do you think you'd notice if a key bond-market segment took a one-day hit equivalent to a 600-point drop in the Dow? Answer: No, you wouldn't. How do I MOREAllan Sloan, senior editor-at-large - Jul 25, 2013 5:00 AM ET
Citigroup released a cumbersome, jargon-filled, 101-page earnings announcement. How can Washington possibly regulate entities like this?
FORTUNE -- You would think that a well-researched and insightful book about the Washington legislative process would have nothing in common with a big bank's quarterly earnings news release. But you'd be wrong.
If you read the two documents almost back to back -- as I've done recently -- you discover that the book and the MOREAllan Sloan, senior editor-at-large - Jul 19, 2013 5:00 AM ET
Fannie Mae converted a huge non-cash profit into a deficit-reducing payment to the Treasury by borrowing the money without having it count as part of the national debt even though taxpayers guarantee it. Too bad we can't all use that stratagem to pay our own bills.
FORTUNE -- Here I am, sitting around in the middle of summer, listening to my air-conditioning system labor and wondering which pot of money to MOREAllan Sloan, senior editor-at-large - Jul 12, 2013 8:37 AM ET
Surprise surprise! The U.S. government's investment in GM's former finance arm is paying off.
It's taken almost five years, but one of the government's ugliest ducklings is finally showing signs of turning into a swan. A profitable swan, at that. I'm talking about Ally Financial, formerly GMAC, General Motors' finance subsidiary.
Ally sucked up $17.2 billion of federal bailout money, much of which ended up being used to fill the rat hole MOREAllan Sloan, senior editor-at-large - Jul 2, 2013 5:00 AM ET
FORTUNE -- Here's how I calculated the value of the Treasury's stake in Ally Financial, formerly GMAC, General Motors' finance subsidiary. And how I calculated the value of the stake held by Cerberus Capital and its present (and possibly former) investors.
In late May, shortly after a tentative settlement of the bankruptcy of Ally's Residential Capital subsidiary, Ally announced that it was taking a $1.55 billion charge for expenses connected with MOREAllan Sloan, senior editor-at-large - Jul 2, 2013 5:00 AM ET
By the time the final papers are shuffled, the IRS and local tax authorities are likely to seek more than half a billion dollars from Tribune in regard to the sales of the Chicago Cubs and Newsday under former CEO Sam Zell.
FORTUNE -- Sam Zell is gone from the Tribune Co., but his toxic financial legacy lives on. Not only did his debt-fueled purchase of one of the nation's biggest MOREAllan Sloan, senior editor-at-large - Jun 18, 2013 9:00 AM ET
Sooner or later, interest rates are going to rise sharply from current levels. And that'll hurt.
FORTUNE -- What do you call a supposedly safe investment in which a five-week hiccup can wipe out more than a year of income? Answer: a bond mutual fund.
Yes, that sounds extreme, if not demented. But it's true—as I'll show you in a bit, using numbers from the nation's biggest mutual fund, Pimco Total Return, MOREAllan Sloan, senior editor-at-large - Jun 7, 2013 7:22 AM ET
Tax avoidance works beautifully -- and legally -- for Apple and other multinationals. Why not make it work for you?
FORTUNE -- It's faddish -- and fun -- these days to talk about the income taxes that Apple does or doesn't pay. Hey, as we learned this week from a Senate report and hearings, Apple's tax strategems are even slicker than its products are. Many of them involve the "intellectual property" MOREAllan Sloan, senior editor-at-large - May 23, 2013 5:00 AM ET
No one wants to go back to the brink, but honestly, what have our nation's leaders learned since the last near-collapse?
FORTUNE -- Almost a century ago Thomas Marshall, Woodrow Wilson's Vice President, got tired of listening to senators blather on about the nation's needs and uttered the words that made him immortal: "What this country needs is a good five-cent cigar." Today, with 24/7 blathering as our national political pastime, MOREAllan Sloan, senior editor-at-large - May 22, 2013 5:00 AM ET
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