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Banking Bailout

Elizabeth Warren's Moment

Brent Budowsky | Posted 06.30.2014 | Politics
Brent Budowsky

Warren knows from experience and writes with warmth that every day in America there are boys and girls asking moms and dads why the family car is gone, why the family home was taken away, why Mom or Dad has lost a job, and why so Americans live from paycheck to paycheck, desperately struggling to make ends meet.

Congress: The Banks Own the Place. Do They Own Obama Too?

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

If "no brainer" reforms like bankruptcy reform and student loan reform can't make it through a Democratic controlled Congress, how will more fundamental reforms of the financial system fare?

Greenspan: Bailouts Are Biggest Threat To U.S. Future | Ryan McCarthy | Posted 05.25.2011 | Business

What are biggest threats to America's economic future? According to former Federal Reserve Chairman Alan Greenspan, government bailouts of "too big t...

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...

Implications of the Bank Stress Tests

Douglas J. Elliott | Posted 05.25.2011 | Business
Douglas J. Elliott

The financial "stress tests" on the big banks gave us good news: they "only" need $75 billion of new capital. That's a lot of money, but much less than many of us feared.

Stressless Tests: Our Treadmill Of Delusion

Anthony Citrano | Posted 05.25.2011 | Business
Anthony Citrano

The stress tests mostly overlook derivatives -- the $50 trillion elephant in the room -- by effectively letting banks apply their prior calculus in valuing them.

"Let Them Have Stained Carpets" - Obama's Marie Antoinette Moment

Max Keiser | Posted 05.25.2011 | Business
Max Keiser

President Obama. Step away from the Goldman Sachs banker and smell the Revolution brewing! People are angry.

Sam Stein

Obama On Banking Crisis: We Can't "Prolong The Agony" | Sam Stein | Posted 05.25.2011 | Politics

Barack Obama is taking a rip-off-the-bandaid approach when it comes to dealing with the banking crisis, telling ABC Nightline that the process of rest...

Can't Get There from Here

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

The Obama administration has made its first serious misstep. No, it wasn't the wooing of ingrate Republicans, or the dining with clueless reactionary pundits. It is much more significant.

Bank On It No More

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

What will the Obama administration do with the banks that are now on life support? The decision -- with new announcements rumored for next week -- is critical to any recovery plan.

Bailed Out Banks Sought Foreign Workers For High-Paying Jobs: AP

AP | FRANK BASS and RITA BEAMISH | Posted 05.25.2011 | Business

SANTA CLARA, Calif. — Major U.S. banks sought government permission to bring thousands of foreign workers into the country for high-paying jobs ...