iOS app Android app

Bailouts

Ford Motor Will Win Car Wars

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Smart money is betting Ford Motor Co. among Detroit's Final Three even though it's declined to accept any bailouts from governments.. If so, it means that the industry will end up where it started: cheap and simple.

Frank Rich: C.E.O. Guillotine Won't Do Any Good

The New York Times | Frank Rich | Posted 05.25.2011 | Politics

EVEN among pitchfork-bearing populists, there was scant satisfaction when the White House sent the C.E.O. of General Motors to the guillotine. Sure, ...

G-20 Vows to Continue Recession Until Next World War

John Marshall | Posted 05.25.2011 | Comedy
John Marshall

The G-20 Summit hammered out a feel-good manifesto stating that the best way to solve an economic crisis caused by spending money we don't have is by spending money we don't have.

Bank Of America CEO Ken Lewis: Don't Compare Me To EX-GM CEO Rick Wagoner

McClatchy | Christina Rexrode | Posted 05.25.2011 | Business

Bank of America Corp. chief executive Ken Lewis bristled at comparisons between himself and Rick Wagoner, the ousted CEO of General Motors Corp., in a...

Fix the Airlines Instead of Bailing Out Wall Street

Don McNay | Posted 05.25.2011 | Business
Don McNay

I used to schedule an out of town trip then meetings the next day. Now I can't. I am not sure if I will get back or if I will get home exhausted and stressed.

Gold Not Money: Bling's the Thing

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The future is always a matter of opinion, as is political competency, which is why it's a good idea to own a little gold.

Free Money From The Government!

Daniel Kinno | Posted 05.25.2011 | Comedy
Daniel Kinno

For Sale to Feds: My Toxic Assets

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

1. 59 yo-yos, purchased over a lifetime on the principle that they would accrue in value and eventually be collector's items, as indeed they are.

Restore Economic Confidence by Robbing Banks

Spencer Green | Posted 05.25.2011 | Comedy
Spencer Green

The immediate result of this, of course, will be a reminder to Washington that it's our money in the banking system, our money which is being used to bail out that system, and our money to take as/when we see fit.

A. I. Gee Whiz, Give Me A ****ing Break!

Dave Hackel | Posted 05.25.2011 | Business
Dave Hackel

When the stock market first tanked and everyone began to panic, I was right there near the head of the line. I had unknowingly put my money in something called "The Ever Growing List Of Failures Fund."

Tough Love and A.I.G.

Lorraine Roe | Posted 05.25.2011 | Business
Lorraine Roe

If someone's addicted to white flour and sugar and you hand them two-dozen donuts, what do you think they'll do with them? A.I.G. has a small gambling problem, you know, betting on derivatives.

The Scapegoat Game

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

You know who I feel sorry for? Edward Liddy. He obviously made some very bad decisions. But he is only the last in a series of managers -- both at AIG and elsewhere -- who has done so

Arthur Delaney

Bailout Bonus Rage Hits The Streets (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Politics

Rage over $165 million in bonuses for employees of bailout-beneficiary American International Group spilled into the streets Thursday when over 100 pe...

Beyond Clawback: Using the Tax Code More Expansively to Address AIG Bonuses

Paul Abrams | Posted 05.25.2011 | Business
Paul Abrams

The much-reviled US tax code contains within it thousands of treatments and exclusions that enable subclasses of people to enjoy deductions, credits or even exclusions from paying taxes.

"Mother Nature Doesn't Do Bailouts"

New York Times | THOMAS L. FRIEDMAN | Posted 05.25.2011 | Green

"We created a way of raising standards of living that we can't possibly pass on to our children," said Joe Romm, a physicist and climate expert who wr...

Wanted: One Grouchy Controller

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

Part of the national plan for recovery should be the creation of a National Handout Controller to go over the expense accounts of every person who works for firms that have received bailout money.

Transform Banks into Credit Unions

Mike Garibaldi-Frick | Posted 05.25.2011 | Business
Mike Garibaldi-Frick

Banks have been ripping-off the middle class for years. In addition to user fees, the middle class pays banks large spreads on mortgages, credit cards and other types of debt.

Corporate and Personal Responsibility

Judith Ellis | Posted 05.25.2011 | Politics
Judith Ellis

Change begins with each of us on the smallest of levels. Trash in our neighborhoods is not a small thing. As does love, respect too begins at home.

Consultants and Accountability: An Oxymoron?

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

In the huge Bank of America (BAC) fiasco/bailout/tailspin, there are a lot of people at whom it would be tempting to wave a wobbly finger.

Right to Rent: Helping Homeowners Without Throwing Money at Banks

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

We can simply temporarily change the rules to give people facing foreclosure the right to rent their homes at the market rate.

Why Obama Should End The Bailouts

USNews.com | Posted 05.25.2011 | Business

Now that he's looked closely at the numbers, Barack Obama wants Washington to show some spending discipline. After his gargantuan stimulus package, th...

Conservatives Revolt Against GOP Over Bailouts

WSJ | Posted 05.25.2011 | Politics

Sounds of discord are getting louder at the Republican National Committee as battles between conservatives and moderates intensify in the six-way race...

After The Bailouts -- A New Economic Paradigm

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

Since these companies are public resources whose importance requires our public intervention and infusion of massive public resources when needed, then why does this flow only go one way?

Make Wall Street Take The Same Deal The Autoworkers Get

Chris Weigant | Posted 05.25.2011 | Business
Chris Weigant

If we're going to minutely examine autoworkers' wages, and dictate the travel plans of one industry we are bailing out, then it seems eminently reasonable to do the same for the banking industry.

How About A Madoff Victim Bailout?

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

Looking over the list of poor saps who were hoovered into the Madoff money vacuum, it occurred to me that we might have found an excellent beneficiary of some the remaining bailout bonanza.