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Bailout Plan

TEPCO's Credit Rating Reduced To Junk By Moody's

Posted 08.20.2011 | Business

TOKYO - Moody's Investors Service cut its credit rating on Tokyo Electric Power Co to junk status on Monday and kept the operator of Japan's cripp...

Lame Excuses for AIG Bonuses

Amitai Etzioni | Posted 05.25.2011 | Business
Amitai Etzioni

Public morality falls to a new low-level when outrageous acts are revealed but rather than being soon corrected -- they are excused.

Bailout Banks Survival Guide: Rating The Top 12 Banks | Martin Hutchinson | Posted 05.25.2011 | Business

We listed the 12 largest U.S. banks by assets, as of Dec. 31, ignoring foreign-owned banks, Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS) (tho...

The Simplest Plan For Helping Homeowners

Henryk A. Kowalczyk | Posted 05.25.2011 | Business
Henryk A. Kowalczyk

By offering short-term loans, the government would be using taxpayer money wisely to stimulate banks to reform their lending practices.

Obama's Economic Paradox: Can You Have "Bailout" and "Stimulus" at the Same Time?

Randall Amster | Posted 05.25.2011 | Politics
Randall Amster

Perhaps the centerpiece of the current bill (at least for people's pockets in the short-term) is an actual weekly paycheck bump to the tune of about eight bucks.

Bank Bailout's Private Money Aid

New York Times | FLOYD NORRIS | Posted 05.25.2011 | Business

Wall Street helped produce the global financial and economic crisis. Now, as the Obama administration prepares to unveil a revised bailout plan for th...

Obama: CEOs Must Stop "Draining" Bailout Funds (VIDEO)

Huffington Post | Nicholas Sabloff | Posted 05.25.2011 | Politics

Obama continued his criticisms of Wall Street bonuses in his weekly address Saturday following his strong comments this week about the amount of money...

Citigroup And The Credit Card

Christopher Brauchli | Posted 05.25.2011 | Business
Christopher Brauchli

As credit card holders who carry unpaid balances know, most credit card companies reserve the right to raise interest rates at most any time for most any reason.

Let Them Eat Hummers

Scott Thill | Posted 05.25.2011 | Business
Scott Thill

For years, we have been exporting pollution and excess to the rest of the world, in the form of gas hogs that don't work, suck up cash and destroy the environment.

Treasury Lacks Management, Control, Say Auditors

Wall Street Journal | MICHAEL R. CRITTENDEN | Posted 05.25.2011 | Business

WASHINGTON -- The Treasury Department has failed to address a number of critical issues while implementing the $700 billion financial rescue plan, inc...

Bailout Monitor Sees Lack of A Coherent Plan

New York Times | DIANA B. HENRIQUES | Posted 05.25.2011 | Business

The head of a new Congressional panel set up to monitor the gigantic federal bailout says the government still does not seem to have a coherent strate...

Paulson Says Other Rescue Programs Being Examined

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — Treasury Secretary Henry Paulson said Monday that the administration is looking for more ways to tap a $700 billion financial rescu...

Analyst Argues JP Morgan Chase Might Need More Money Than Citigroup

Silicon Alley Insider | John Carney | Posted 05.25.2011 | Business

Market fear reached such a high last week that JP Morgan CEO Jamie Dimon found he could not get on a plane to Saudi Arabia without arousing suspicions...

Memo to Automakers Wagoner, Mulally & Nardelli: Fire Your PR People

Pam Atherton | Posted 05.25.2011 | Business
Pam Atherton

How these three CEO's have acted is a classic teachable moment. They've practically written the curriculum for the class on how to alienate the American public by their actions.

Mounting A Surge in the War Against Foreclosure Predators

Mark Winston Griffith | Posted 05.25.2011 | Business
Mark Winston Griffith

While there is room for improvement among nonprofits doing foreclosure prevention, this observation made by the Times is like blaming the troops in Iraq for not policing enough territory.

Government plans massive Citigroup rescue effort

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Rushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken b...

Neel Kashkari's Stock Plummeting Like the Dow Jones

Disgrasian | Posted 05.25.2011 | Media

Last week, Neel Kashkari appeared before Congress, where he was called a "chump" by Maryland Dem Elijah Cummings.

Planes, Pains And Automobiles

Dwayne Raymond | Posted 05.25.2011 | Business
Dwayne Raymond

These overpaid, egomaniacal "players" should heed Romney's counsel and start playing sensibly, like honorable men. And their first ante in this new game should be their own prompt resignation.

Kicking the Wall Street Habit

The Media Consortium | Posted 05.25.2011 | Business
The Media Consortium

Barack Obama faces a choice between feeding the political sphere's Wall Street addiction and investing in economic progress.

Running Rescue Totals, Sorted By Bank

ProPublica | Posted 05.25.2011 | Business

ProPublica has been keeping track of the numbers, in millions, of dollars doled out by the government to troubled banks. The list doesn't include all ...

Big Banker: Government Needs To Quit Helping Big Banks

New York Times | Joe Nocera | Posted 05.25.2011 | Business

And let's not hear another word about how government control is somehow a move towards socialism. Tough times requires touch choices and difficult dec...

Barney Frank: Banks "Distorting" Government Bailout Plan

AP | JOHN DUNBAR | Posted 05.25.2011 | Business

WASHINGTON — The chairman of the House Financial Service Committee accused financial institutions on Friday of "distorting" the government's $70...

Banks Start Promising Kashkari They Will Make Loans

Clusterstock | Henry Blodget | Posted 05.25.2011 | Business

More importantly, the WSJ gets at the real problem here. In addition to running on fumes and fearing for their own futures, the banks aren't lending b...

William Greider Predicted Crisis, Says It's Time To Face Problems

WWD | Jacob Bernstein | Posted 05.25.2011 | Business

Whenever the economy comes crashing down, journalists try to figure out what went wrong, and their first target is frequently each other. Two weeks ag...

Letter From Rep. Waxman To Banks Questions Ethics Of Using Taxpayer Funds For Bonuses

Posted 05.25.2011 | Business

Below is the text of a letter sent on October 28, 2008 from Rep. Henry Waxman, chairman of the Committee on Oversight and Government Reform, to the he...