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Bank Bailouts

The Financial Horror Story Still Needs Telling

Mark Gongloff | Posted 06.24.2012 | Business
Mark Gongloff

Watch Money, Power and Wall Street: Part One on PBS. See more from FRONTLINE. Frontline's new documentary about the financial crisis probably doesn't...

We Hate Bailouts More Than Ever: Study

The Huffington Post | Mark Gongloff | Posted 04.10.2012 | Business

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...

Zombie Banks: A New York Story in Three Parts

Jim Luce | Posted 02.08.2012 | Business
Jim Luce

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?

Sunday Roundup

Arianna Huffington | Posted 02.02.2012 | Politics
Arianna Huffington

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.

The Federal Reserve: Helping the Rich Get Richer

Monika Mitchell | Posted 01.30.2012 | Business
Monika Mitchell

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?

What Quantitative Easing Really Means

Ismael Hossein-zadeh | Posted 10.21.2011 | Business
Ismael Hossein-zadeh

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.

The New American Ethos: Death and Indifference

Jonathan Weiler | Posted 11.23.2011 | Politics
Jonathan Weiler

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.

Real Financial Reform

Harry L. Langer | Posted 11.14.2011 | Business
Harry L. Langer

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.

Third World America: Drowning in Debt and Choking on Lies

Janet Tavakoli | Posted 08.24.2011 | Politics
Janet Tavakoli

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.

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

Posted 08.15.2011 | Chicago

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

Cost Of 2010 Bank Failures Exceeds Estimates By Billions

Posted 07.13.2011 | Business

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

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

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

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...

The Real Reason That the Bailouts May Not Work

Mark Blyth | Posted 05.25.2011 | Business
Mark Blyth

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.

Ryan Grim

Ted Kaufman Exit Interview: 'The System Is So Awful' | Ryan Grim | Posted 05.25.2011 | Politics

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...

Whose Moral Hazard Is It Now?

Kathleen Reardon | Posted 05.25.2011 | Business
Kathleen Reardon

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.

IMF Prepares for Financial Meltdown

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

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.

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

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

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

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

Posted 05.25.2011 | Books

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

US Set To Make $8 Billion Profit From Citigroup Bailout

Washington Post | David Cho | Posted 05.25.2011 | Business

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 ...

Your Retirement Funds to Bail Out Failed Banks?

Jayne Lyn Stahl | Posted 05.25.2011 | Politics
Jayne Lyn Stahl

With the recent spotlight on a runaway Prius, few are paying attention to the latest government plan to bail out failing banks with retirement money. ...

Jason Linkins

Basically, America Spent All That TARP Money On Lobbyists | Jason Linkins | Posted 05.25.2011 | Politics

So if taxpayers, having bailed out the financial sector with billions of TARP dollars, didn't get jobs or oversight or consumer protection or a return...

Obama Still Doesn't Get It

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

This isn't a free market. It is rather one of the most complete instances ever of savvy businessmen capturing a state and the minds of the people who run it. Is this really what the president seeks to endorse?

Goldman Sachs Helped Push AIG To The Brink

New York Times | GRETCHEN MORGENSON and LOUISE STORY | Posted 05.25.2011 | Business

Billions of dollars were at stake when 21 executives of Goldman Sachs and the American International Group convened a conference call on Jan. 28, 2008...

Will We Ever Again Trust Wall Street?

Wall Street Journal | Posted 05.25.2011 | Business

For many investors, the market's turbulence hasn't just destroyed wealth. It has shattered their faith in the financial system itself....

Obama: Send $30 Billion In Big Bank Bailout Money To Community Lenders For Small Business

Chicago Sun-Times | Lynn Sweet | Posted 05.25.2011 | Business

President Obama devoted the biggest portion of his first State of the Union address on Wednesday night to various aspects of job creation. While I app...