Bank Presidents and the U.S. President
Even though bank presidents have shown they can single handedly almost sink the economy, they can't control the weather that prevented them from making it to a meeting with the president.
Even though bank presidents have shown they can single handedly almost sink the economy, they can't control the weather that prevented them from making it to a meeting with the president.
Never mind Barack Obama's Audacity of Hope. It's the audacity of the banks that takes your breath away.
Was the president signaling that it was time for progressives to form a visible protest movement against "fat cat bankers"?
I used to have a bumper sticker on my truck that read, "If you are not outraged, you are not paying attention." This sentiment was specifically aimed...
After a dismal day attempting to raise money for its TARP exit, Citigroup needed a boost. What might shine a brighter light on the fallen financial su...
There's a good deal of jolliness on Wall Street this holiday season, thanks to the billions of dollars in bonuses that will be stuffed into the stockings of your favorite bankers. It's safe to assume the final tally will be very big.
Obama's stern rhetoric apparently did not move the top banking honchos who failed to show up for this week's White House meeting with the president.
Common sense should have told these gentlemen that when the President of the United States summons you to the White House, you check the weather ahead of time and plan accordingly.
Yesterday's meeting between President Obama and his favorite "fat cat" bankers was one big show. The President was nonplussed that ...
One year ago, faced with the greatest financial panic in generations, the American people swallowed hard and bailed out the banks. Today, the banks have moved on, and are tearing down the currency of the nation that saved them.
This article originally appeared on my site Credit Writedowns Matt Taibbi is one of the few commentators in the mainstream media who is not worried a...
After a year of holy hell we may be witnessing an economic miracle: Bank of America, so recently on life support, comes up with $45 billion in hard cold cash to repay TARP in less than a year.
Treasury wants to shame banks into treating customers fairly. But it's a curious approach to reforming an industry that apparently has no shame to begin with.
We are all subject to making right and wrong decisions. But in the world as most of us know it, we are held accountable for the decisions we make. Not so for Wall Street, who loans to Dubai with taxpayer money.
Willem Buiter has just taken on a new role at Citigroup. The news of Willem Buiter's role as Chief Economist at Citigroup comes via DealBook at the Ne...
Even if he was interested in being the Secretary of the Treasury, the timing for a corporate Wall Street leader such as Dimon to make the move to the Hill would probably be political suicide for the Obama administration at this point.
What CEO bypasses shareholders in an attempt to buy off public outrage over billion dollar bonuses if such outrage isn't justified in the first place?
Paulson made his bets in late 2006 just as the sub-prime mortgage markets were starting to weaken. His timing was impeccable, as was his luck.
There are plenty of media types who blame last year's implosion and the bailout on greedy bankers, but that's only part of the story. Wall Street needed a co-conspirator; namely, the government.
Often, people will look at a high-profile example of corruption, and conclude that the egregious act is an exception to the rule. In reality, it might be the tip of the iceberg.
With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.