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Bank Bailout

This is the Second Supply-Side Disaster: The First One Was 1990

Andrew Reinbach | Posted 05.25.2011 | Business
Andrew Reinbach

It's now almost impossible to defend supply-side's deep tax cuts and minimal regulation, the result being that Republicans are without much belief system.

The IMF Accountability Moment

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

If the administration and House leadership are unable to garner sufficient votes to pass the supplemental, they can pull the IMF funding.

TARP Repayment: Treasury Says 10 Banks Get To Payback $68B

AP | DANIEL WAGNER and STEVENSON JACOBS | Posted 05.25.2011 | Business

WASHINGTON - The Treasury Department has approved 10 of the nation's largest banks to repay $68 billion in government bailout money. The department o...

Payback's Not a Bitch: 10 TARP Recipients Get Green Light to Repay $68 Billion to Treasury

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

For those who think that the government bailed out Wall Street, you're right and you're wrong. Yes, taxpayers extended a lifeline to ensure that the system didn't collapse, but in the case of these yet-to-be named players, taxpayers made out quite nicely.

Fear and Looting in America: Should We Worry if Wall Street Loses its Top Talent?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

the financial industry is whining about how it will lose "top talent" and therefore would be at a competitive disadvantage to firms that don't have such constraints.

Ten Banks Get Approval To Repay TARP

Bloomberg News | Posted 05.25.2011 | Business

The Treasury is preparing to announce tomorrow it will let 10 banks buy back government shares, people familiar with the matter said, signaling confid...

Wall Street Pay: Obama's Changes Set To Be Announced | LOUISE STORY and ERIC DASH | Posted 05.25.2011 | Business

The Obama administration plans to require banks and corporations that have received two rounds of federal bailouts to submit any major executive pay c...

U.S. Will Let Some Banks Repay Aid: Chase, Goldman, Amex Expect To Be On List

Washington Post | Binyamin Appelbaum and David Cho | Posted 05.25.2011 | Business

The Obama administration plans to announce as soon as today that some of the nation's largest banks can repay billions in federal aid, but some offici...

Bank Lobby Already Winning Battles | STEPHEN LABATON | Posted 05.25.2011 | Business

As Congressional Democrats and the White House crow about multiple victories over the financial industry, including new rules for credit card issuers,...

How The Banks Plotted To Fight Off Regulatory Overhaul

New York Times | GRETCHEN MORGENSON and DON VAN NATTA Jr. | Posted 05.25.2011 | Business

As the financial crisis entered one of its darkest phases in October, a handful of the nation's largest banks began holding daily telephone sessions. ...

Bad Bank Loans Hit Record High | FLOYD NORRIS | Posted 05.25.2011 | Business

Overall loan quality at American banks is the worst in at least a quarter century, and the quality of loans is deteriorating at the fastest pace ever,...

Lesson Learned

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

We're bailing out the economy boat desperately with stimulation, but the financial leadership opposes plugging the hole in the hull from offshoring.

Dick Parsons, Citigroup Chairman, Has Love Child With MacDella Cooper | George Rush | Posted 05.25.2011 | Business

Parsons and model-philanthropist MacDella Cooper are the parents of a baby girl named Ella. The 61-year-old former Time Warner chairman said only: ...

BofA Wants To Repay $45 Billion By End Of Year | Patrick Jenkins, Greg Farrell and Francesco Guerrera | Posted 05.25.2011 | Business

Bank of America wants to pay back $45bn in bail-out funds by the end of the year, in a faster-than-expected move made possible by an accelerated progr...

Community Banks Lumped In With Big Players, Forced To Pay High Premiums | Steven Pearlstein | Posted 05.25.2011 | Business

We're hearing a lot these days from well-run regional and community banks that feel that they are being punished for the mistakes of the Citigroups an...

It's Time to Treat America's Homeowners as Well as We've Been Treating Wall Street's Bankers

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

"The banks are too big to fail" has been the mantra we've been hearing since September. But when you consider the millions of American homeowners facing foreclosure, aren't they also too big to fail?

Jason Linkins

NY Mag Suggests A Post-Stress Test Checklist | Jason Linkins | Posted 05.25.2011 | Media

I have got to tell you all, I am LOVING THESE STRESS TESTS. For real. Who'd have thought that you could have a test in which the testees could negot...

Six Steps To Dis-Empowering Wall Street

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

It's time for us to declare the big banks politically and morally insolvent, and foreclose on their ownership of DC. The question is how to do it.

Banks Prevailing In Tug Of War Over Stress Test Results

New York Times | Posted 05.25.2011 | Business

Informed debate is a crucial part of public policy development. But the behind-the-scenes tug of war between banks and the government over the results...

Swedish Bank Export Scoffs At US Bank Bailout Plan

USA Today | David J. Lynch | Posted 05.25.2011 | Business

WASHINGTON -- The acknowledged masters of bank rescues say the Obama administration plan for saving the U.S. banking industry may be doomed. ...

Stand by Your Word, Mr. President: End "Don't Ask, Don't Tell"

Aubrey Sarvis | Posted 05.25.2011 | Politics
Aubrey Sarvis

Firing 50 men and women who are fluent in Arabic solely because they are gay when we are fighting in the Arabic-speaking world? The mind boggles.

Stress Tests Show At Least One Bank Would Need More Capital

CNBC | Albert Bozzo | Posted 05.25.2011 | Business

One of the 19 financial institutions that received a government stress test would require additional capital, based on the initial findings, according...

Interfluidity: Control Without Accountability | Steve Randy Waldman | Posted 05.25.2011 | Business

It's not exactly right to say that our don't-ask-don't-tell quasinationalization policy has given us "ownership but not control". An assertive Treasur...

Finance leaders want cooperation to end recession

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Finance officials from the world's top economic powers pledged Friday to move swiftly on efforts to lift nations out of the worst r...

Credit Card Summit: "Charge!"

Rick Horowitz | Posted 05.25.2011 | Business
Rick Horowitz

Wasn't the government shoveling billions of dollars at these very same banks to help them? And to pick this moment to stick it to the people with higher interest rates, and lower credit limits, and hidden fees?