Bank Bailouts

The Bailout That Never Was

Dave Pederson | Posted 05.14.2012

Read More: Wall Street Bailout, Bank Bailout, Volcker Rule, Barack Obama, Subprime Mortgage Crisis, Economic Crisis, Bank Bailouts, New Deal, Citizen Bailout, Politics News

The bailouts only helped the banks, buried Americans further in debt they will never payoff, and froze economic growth.

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Too Big To Fail Architect: Don't Blame Me!

Mark Gongloff | Posted 05.07.2012

Read More: Sandy Weill Too Big to Fail, Wall Street, Bank Bailouts, Citigroup Bailout, Too Big to Fail, Banking, Citibank, Banks, Global Financial Crisis, Bank Bailout, Sandy Weill, Citigroup, Business News

The man who brought you Too Big To Fail has had just about enough of everybody blaming him for big banks failing. In an interview with Fortune's Nin-...

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A French Spring and a New Enlightenment for Jobs and Justice

Brent Budowsky | Posted 04.30.2012

Read More: 1 Percent, French Presidential Election, Euro Crisis, French Spring, Bank Bailouts, Francois Hollande, European Debt Crisis, France, Eurozone Crisis, World News

The increasingly likely victory of Francois Hollande in the French presidential election would be the shot for economic justice and jobs that will be heard around the world.

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Tea Party Reps Reap Benefits Of Big Bank Bailouts

Bloomberg | Heidi Przybyla and Phil Mattingly | Posted 04.30.2012

Read More: Tea Party Congressmen, Tea Party Bailouts, Tea Party Representatives, Tea Party Congress, Bank Bailouts, Too Big to Fail Banks, Too Big to Fail, Tea Party Bank Bailouts, Tea Party Reps, Tea Party, Tea Party Banks, Politics News

Tea Party favorites such as Stephen Fincher of Tennessee were swept into Congress on a wave of anger over government-funded bailouts of banks. Now ...

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The Financial Horror Story Still Needs Telling

Mark Gongloff | Posted 04.25.2012

Read More: Global Financial Crisis, Banks, Financial Crisis, Banking Crisis, Bank Bailouts, Wall Street, Frontline Financial Crisis Documentary, Financial Crisis Documentary, Video, Business News

Watch Money, Power and Wall Street: Part One on PBS. See more from FRONTLINE. Frontline's new documentary about the financial crisis probably do...

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We Hate Bailouts More Than Ever: Study

The Huffington Post | Mark Gongloff | Posted 04.10.2012

Read More: Polls, Politics, Bank Bailouts, Tim Geithner, President Obama, Banks, Bank Bailout, Geithner Bank Bailout, Business News

Americans have always kind of hated bank bailouts, but that hatred seems to be getting hotter with time -- which is a headache for President Obama, wh...

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Zombie Banks: A New York Story in Three Parts

Jim Luce | Posted 02.08.2012

Read More: Zombie Banks, Bloomberg Corporation, Bank of America, Bear Stearns, European Debt Crisis, Debt Crisis, Bank Bailouts, Big Banks, Business News

I spoke to Yalman Onaran about his insightful Zombie Banks. Everyone is afraid that the world economy is about to go into a second recession, I asked him. Why are we heading in that direction?

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Sunday Roundup

Arianna Huffington | Posted 02.02.2012

Read More: Fed Secret Bailouts, Sec, Citigroup SEC Settlement, Occupy Los Angeles, Bank Bailouts, Judge Jed Rakoff, Henry Paulson, Politics News

This week, as police shut down the Occupy encampment in Los Angeles, a trio of stories fortified the movement's fundamental argument about the two-tiered nature of our democracy. First up was a report on how, in July 2008, then-Treasury Secretary Hank Paulson gave a group of Wall Street cronies inside information on the rescue of Fannie and Freddie. Then came word that, in the midst of the financial meltdown, the Fed had secretly loaned banks $7.7 trillion with absolutely no strings attached -- loans the banks used to turn a $13 billion profit (while foreclosures escalated and small businesses struggled to get loans). Finally, heroic Judge Jed Rakoff's rejection of a sweetheart fraud settlement the SEC had gift-wrapped for Citigroup turned a spotlight on how the public interest is routinely sacrificed on the altar of expediency, and how the lack of accountability makes it much more likely that the wrongdoers will do wrong again and again without paying a real price.

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The Federal Reserve: Helping the Rich Get Richer

Monika Mitchell | Posted 01.30.2012

Read More: Bank Bailouts, Federal Reserve, Tarp, Federal Reserve Loans, Economic Inequality, Big Banks, Business News

How is it possible in a democratic republic that the Federal Reserve spends trillions of our dollars without our permission, indebts us for generations to come without even a vote by Congress?

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What Quantitative Easing Really Means

Ismael Hossein-zadeh | Posted 10.21.2011

Read More: Quantitative Easing, Wall Street Europe, Quantitative Easing Bailouts, Wall Street Bailouts, Quantitative Easing Banks, Bank Bailouts, Wall Street Policy, Quantitative Easing Finance, Quantitative Easing Europe, Business News

Not only did Wall Street gamblers bail themselves out by means of $16 trillion of taxpayer money, but now they are also showering themselves with additional trillions of QE dollars to grow even richer.

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The New American Ethos: Death and Indifference

Jonathan Weiler | Posted 11.23.2011

Read More: Drone Strikes, Gop, Troy Davis, President Obama, Jon Stewart, Bank Bailouts, Economic Crisis, Politics News

We live in a time when the irresistible force that is the machinery of death on the one hand and the immovable object that is the indifference to the fate of the least among us on the other -- conspired in the execution of Troy Davis.

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Real Financial Reform

Harry L. Langer | Posted 11.14.2011

Read More: Banking, Basel Lll, Financial Sector Stability, Financial Reform, Bank-Bailouts, Business News

Although they perform certain beneficial financial and capital market and merger services, Wall Street houses, financial institutions, and hedge and equity funds must be regulated in the public interest.

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Third World America: Drowning in Debt and Choking on Lies

Janet Tavakoli | Posted 08.24.2011

Read More: Tarp, Bank Bailouts, Municipal Debt, Debt, Tax Breaks, Corruption, Unemployment, Violence, Politics News

America's biggest problem by far is that capital spending in new production facilities that create jobs and real products never occurred, not even after trillions of dollars were thrown at banks in the global financial system.

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PHOTOS: Thousands Rally Against Corporate Greed In Chicago, 24 Arrested

Posted 08.15.2011

Read More: Foreclosures, Corporate Welfare, Wall Street Bailout, Unemployment, Bailout, Bank Bailouts, Activism, Seiu, Corporate Greed, Chicago Teachers Union, Chicago Impact, Chicago Activism, Jobs Rally, Chicago News

Several thousand people gathered downtown Tuesday, protesting bank bailouts and tax cuts for the wealthy and demanding jobs and funding for schools. ...

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Cost Of 2010 Bank Failures Exceeds Estimates By Billions

Posted 07.13.2011

Read More: Financial Crisis, US Bank Failures, Fdic, Bank Regulator, Puerto Rico Banks, Bank Bailouts, Loss Estimates, Business News

CHARLOTTE, North Carolina - U.S. bank failures in 2010 cost the Federal Deposit Insurance Corp $2 billion, or 9 percent, more than initially forec...

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Bank Bailouts: 'The Screwing Of The American People' (VIDEO)

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011

Read More: JP Morgan Chase, Economic Crisis, Xtranormal, Bank of America, Fed Video, Federal Reserve, Merill Lynch, Animation, Federal Reserve Video, Goldman Sachs, Video, Washington Mutual, Countrywide, Bank Bailouts, Business News, Ben Bernanke, Bear Stearns, Fed Xtranormal, Business News

In a video exploration of the bank bailouts, two cute creatures decide the bank bailouts amount to "the screwing of the American people." In the n...

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The Real Reason That the Bailouts May Not Work

Mark Blyth | Posted 05.25.2011

Read More: Bailout, Wall Street Bailout, Bailout Tarp, Bank Bailout, Bank Bailouts, Bailout Profits, Business News

A recent WSJ article on banks in trouble focused on the fact that many of these banks were TARP recipients. While state bashing is nothing new in the pages of the WSJ, it's worth remembering what the bailouts were actually designed to do.

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Watchdog: Treasury Bailed Out 66 Banks With Known Financial Problems, Better Monitoring Needed

AP | DANIEL WAGNER | Posted 05.25.2011

Read More: Treasury Department, Treasury Bailout, Bank Bailouts, GAO Bank Bailouts, Gao, Bailout Banks, GAO Treasury, Government Accountability Office, Business News

WASHINGTON — Treasury Department officials sent bailout money to dozens of banks with known financial problems, and a growing number of bailed-o...

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Ted Kaufman Exit Interview: 'The System Is So Awful'

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Financial System, Bank Bailouts, Financial Reform, Ted Kaufman, Politics News

Appointed as a two-year caretaker to keep Joe Biden's seat warm for his son Beau Biden, Delaware's Ted Kaufman turned out to be one of the biggest sur...

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Whose Moral Hazard Is It Now?

Kathleen Reardon | Posted 05.25.2011

Read More: Supreme Court, Thomas Friedman, Corporate Advertising, Moral Hazard, Obama Administration, Michael Lewis, Democratic Party, Bank Bailouts, Wall Street Greed, Business News

Despite the recent shot across the bow of Goldman Sachs, you have to wonder how far the Obama administration and leading Democrats are willing to take this. Experts say: not far.

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IMF: Bank Bailouts Should Be Paid For By Banks

AP | HARRY DUNPHY | Posted 05.25.2011

Read More: UK, Taxes, Tarp, International Monetary Fund, Congress, France, A Fair and Substantial Contribution by the Financial Sector, Financial Reform, Bailouts, g20, Canada, Senate, Bank Bailouts, Germany, Banks, Imf, Fees, Wall Street, Business News

WASHINGTON — The International Monetary Fund is recommending that banks and other financial institutions pay fees to cover the cost of any futur...

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IMF Prepares for Financial Meltdown

Garrett Johnson | Posted 05.25.2011

Read More: Bank Bailouts, Sovereign Debt Crisis, IMF Funding, Business News

The IMF has been issuing warnings over the past couple weeks. If this massive expansion is a direct reaction to their recent statements, then we are looking at a severe financial shock in the near future.

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Weekly Audit: Congress to take up financial reform, but will it be strong enough?

The Media Consortium | Posted 05.25.2011

Read More: Tarp, Noam Chomsky, Tbtf, American Forum, Christopher Hayes, Bailouts, Jobs, Federal Reserve, The Nation, Unemployment Rate, Wall Street Bailouts, Alternet, Steve Benen, Wall Street Reform, Unemployment, Mother Jones, Cfpa, Andy Kroll, Simon Johnson, Bank Bailout, In These Times, Wall Street, Chase, Occ, Financial Reform, JPMorgan Chase, Margaret Dorfman, Bank Bailouts, Mountaintop Removal, Too Big to Fail, Jpmorgan, Economy, Home News

by Zach Carter, Media Consortium blogger Next week, the debate over financial reform will begin in earnest when Congress returns from its Easter break...

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Simon Johnson Talks '13 Bankers,' Why Banks Should Be Small Enough To Fail (VIDEO)

Posted 05.25.2011

Read More: Tim Geithner, Too Big to Fail, Today Show, Author Interviews, Bank Bailouts, Books, 13 Bankers, Simon Johnson, Barack Obama, Bailouts, Financial Crisis, Books News

Simon Johnson, HuffPost blogger, MIT professor, and author of the new book, "13 Bankers," explained on the "Today Show" this morning why nothing reall...

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US Set To Make $8 Billion Profit From Citigroup Bailout

Washington Post | David Cho | Posted 05.25.2011

Read More: Citibank, Financial Crisis, Citigroup Bailout, Wall Street, Bank Bailouts, Citigroup, Business News

Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king's ransom for its ...

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