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Bank Bailout

Won't You Please Come to Chicago?

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The bankers wrecked the economy with their greed, ran off with taxpayer dollars in a massive bailout, and now plan to raise taxes for the rest of us. If that picture doesn't sound quite right, then go to Chicago.

A Personal Story About an Impersonal Bank

B. Jeffrey Madoff | Posted 05.25.2011 | Business
B. Jeffrey Madoff

"I've been with the bank for over twelve years," I said. "I wrote a check on my own account. I don't understand what the problem is." Again, the manager replied, "We have policies sir."

Thankful, Well Not So Very Much

Chris Durang | Posted 05.25.2011 | Politics
Chris Durang

I have many things I feel thankful about in my life. But in terms of our country and our planet -- hmmm. Not feeling so confident, so up, so grateful. And about Barack Obama -- well I feel very disappointed. There, I've said it.

Where Is The Bank Bailout Money Going? (VIDEO)

Posted 05.25.2011 | Business

Where exactly is all of the bailout money going? Today, McClatchy addresses growing concerns over the lack of true oversight in government's enormous ...

Arthur Delaney

Bank Of America: Another Customer Gets Bank's Attention Via YouTube (VIDEO) | Arthur Delaney | Posted 05.25.2011 | Business

Darren Bryant of Pensacola, Fla. spent hours in what he calls Bank of America's "phone maze," getting bounced from person to person, never reaching so...

HuffPost Review - Capitalism: A Love Story (2009)

Scott Mendelson | Posted 05.25.2011 | Entertainment
Scott Mendelson

For the first time that I can remember, a Michael Moore documentary/propaganda piece is less about the subject at hand and more about Michael Moore himself.

FDIC Stood Idly As Greeley's New Frontier Bank Took On Bad Assets

Bloomberg | James Sterngold | Posted 05.25.2011 | Denver

Sept. 23 (Bloomberg) -- New Frontier Bank, the largest lender in northern Colorado, had a lot to be proud of in early 2007. Assets had grown by 66 per...

2.5 Million Green Jobs Lost From the Bailout Bonuses Alone: Escaping the Wall Street Economy of Debt

Mike Elk | Posted 05.25.2011 | Business
Mike Elk

We responded to the financial system's crisis by propping it up. Why not prop up manufacturing, which has been disappearing at a stunning rate from this country over the last 30 years?

An Open Letter to Paul Krugman

David K. Levine | Posted 05.25.2011 | Business
David K. Levine

Crises have been ubiquitous throughout history. While we can't forecast them we do know how to learn from them. And we certainly have a good idea what not to do in response.

Let's Make a Deal: Beltway Edition

Michael Winship | Posted 05.25.2011 | Business
Michael Winship

While executives are dancing with your dollars, the foreclosures they helped to bring on continue to rise. Many banks are dragging their feet, enjoying the bailout bucks but failing to spread them around.

Shahien Nasiripour

Percent Of Money-Losing Banks Set An All-Time High In Second Quarter | Shahien Nasiripour | Posted 05.25.2011 | Business

The percent of banks that lost money last quarter set an all-time high, according to the Federal Deposit Insurance Corporation. More than 28 percent ...

The U.S. Government Made Money?

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

Whether you believe that Paulson was was a bully or a hero, the results of the initial TARP paybacks must give him some solace.

Shahien Nasiripour

Subprime Culprits Are Modifying Loans With Taxpayer Money: Center For Public Integrity | Shahien Nasiripour | Posted 05.25.2011 | Business

Many of the lenders who helped fuel the subprime mortgage boom are now receiving billions in taxpayer money to modify those same loans, according to a...

Lack Of Repayment Is The Reason Behind Most Failing Banks | FLOYD NORRIS | Posted 05.25.2011 | Business

As the number of banks closed by the Federal Deposit Insurance Corporation has grown rapidly this year, it has become clear that most of them had noth...

Banking on Failure: FDIC Shutting Down Insolvent Banks at a Record Pace

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

It is preposterous to conclude that the U.S. banking sector is well capitalized and strong enough to endure a severe economic recession.

Bank Bailout Bad Omen for Healthcare Reform

Lin B. Farley | Posted 05.25.2011 | Politics
Lin B. Farley

While the Obama Administration has bailed out banks with my money, I cannot find an adequate interest rate from any of them.

Stiglitz On Bank Bailout: "We Got A Bad Deal" (VIDEO)

Posted 05.25.2011 | Business

Nobel prize-winning economist Joseph Stiglitz appeared on Yahoo's Tech Ticker recently, and had some pointed words regarding the massive bank bailouts...

Democrats Need to Wake Up and Regulate CEO Pay

Mike Elk | Posted 05.25.2011 | Business
Mike Elk

Unemployment is at near double digits, people are losing their homes, and trillion of dollars in people's retirement savings have been eliminated -- all as a result of gambling on Wall Street.

Bailed-Out Banks Halt Dividends

ProPublica | Paul Kiel | Posted 05.25.2011 | Business

A growing number of small and midsize banks that received federal bailout money have stopped paying quarterly dividends to the government in order to ...

The GS-Files 2: Stuffing the Taxpayer

Nathan Lewis | Posted 05.25.2011 | Politics
Nathan Lewis

Right from the beginning, there was a coordinated effort to allow the Goldman types to dump their mistakes on someone else.

The Green Sprouts of Recovery and the Party Spoilers

Michael de Portu | Posted 05.25.2011 | Business
Michael de Portu

In this recession, it is unnerving how little attention has been devoted to how American manufacturing firms have been affected.

How California Could Turn Its IOUs into Dollars

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

If the state were to deposit its money in its own state-owned bank, it could have enough credit to solve its budget crisis with funds to spare.

When Someone Says "Financial Innovation," Put Your Hand on Your Wallet

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The financial flack who came up with the phrase "financial innovation" deserves the Bernie Madoff Financial Engineering Prize of 2009 for the most outrageous fantasy finance concept of the year.

Hey, What About CIT?

Leo Hindery, Jr. | Posted 05.25.2011 | Business
Leo Hindery, Jr.

We haven't at all reformed Wall Street, we've just resurrected it. Then when it comes to saving the one institution that's necessary, we can't find the political will to do so.

Towards a Solution to the Debt Crisis in California: The State Could Walk Away and Create Its Own Credit Machine

Ellen Brown | Posted 05.25.2011 | Politics
Ellen Brown

California could put its revenues in its own state-owned bank and fan these "reserves" into many times their face value in loans, using the same "fractional reserve" system that private banks use.