If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
The Blog
If you think the Fed's reputation is bad now, just wait to see what happens if it emerges that it was engaged in deception.
Goldman is not solely responsible, but it has a large role in AIG's crisis and a unique position of conflicted interest and influence over the terms of the bailout. Now that the crisis is over, this issue should be reopened.
What the president should have done, in addition to calling for tough financial reform, was to call for a special task force armed with thousands of investigators to look into crimes committed by the big banks.
If incriminating documents about Bernanke's backroom dealings with AIG are revealed after Democrats confirm him for another term, the party will have a political fiasco on its hands.
The mark-to-market losses were just one part of the problem. AIG had a grave problem just from this position alone, and AIG had other serious problems.
The Bernanke vote is different. It is not about Republican and Democrat. It is a vote on whether a senator is listening to Wall Street or Main Street.
The vote on Bernanke is a litmus test. Senators have a chance to show us whether they will continue to suck up to Wall Street or whether to find someone who is listening to the voice of Main Street.
President Obama's ear can't be that tin on Fed Chairman Ben Bernanke. His wink and nod at the Big Banks and Wall Street's roulette play with public mo...
What great service for the country have our banks performed that justifies letting them shroud their actions in obscurity? The FCIC should subpoena all bank emails and documents for public scrutiny.
During the Senate hearings many questions were asked, but not the question that would have been most revealing: Did Paulson and Blankfein discuss the viability of AIG?
You'll be happy to note that all four bank CEOs understand that Too Big To Fail shouldn't exist, and that they've spent a lot of time re-examining their compensation packages.
Eric Holder is the authority on implementation of the Freedom of Information Act. He must tout the virtues of transparency and the timely release of information to the public.
The latest entrant in the "sponsored-ideas" derby is the state of Alaska, which announced a $1.5 million, 2-year program to kill polar bears... er... sorry, the stated goal of RFP No. 505 is to:
By Zach Carter, Media Consortium Blogger The AIG bailout is one of the largest redistributions of wealth from ordinary taxpayers to bigwig bankers in ...
In July 2009, New York Attorney General Andrew Cuomo reported that, among other things, the compensation structures at most banks were "a major impet...
