Financial Bailout

Mitt Romney Defends 2008 Stance To 'Let Detroit Go Bankrupt'

HuffingtonPost.com | Dave Jamieson | Posted 02.22.2012

Read More: Arizona Debate, Wall Street Bailout, GOP Debate, Financial Bailout, Rick Santorum, Mitt Romney, Elections 2012, Republican Debate, GOP Candidates, Auto Bailout, Video, Wall Street, 2012 Election, Gop, Financial Crisis, Auto Industry, Politics News

WASHINGTON -- Speaking at the Arizona GOP debate less than a week before the Michigan primary, Mitt Romney defended the stance he took in 2008 against...

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Mortgage Giants Leave Legal Bills To The Taxpayers

New York Times | Posted 05.25.2011

Read More: Freddie Mac, Leanna Spencer, Freddie Mac Bailout, Franklin Raines, Mortgages, Mortgage Crisis, Fannie Mae, Fannie Mae Freddie Mac Bailout, Timothy Howard, Financial Bailout, Fannie Mae Legal Bills, Mortgage Bailout, Fannie Mae Bailout, Business News

Since the government took over Fannie Mae and Freddie Mac, taxpayers have spent more than $160 million defending the mortgage finance companies and th...

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Companies That Received Bailout Money Giving Generously To Candidates

Washington Post | Posted 05.25.2011

Read More: Wall Street Crisis, Economic Crisis, Campaign Donations, Campaign Fundraising, Wall Street Bailout, Bailout, Financial Bailout, 2010 Election, Tarp, Auto Bailout, Financial Crisis, Politics News

Senate Minority Leader Mitch McConnell (Ky.) was a fierce critic of the federal bailout of General Motors and Chrysler last year, saying he "cannot as...

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Treasury Profits From Citigroup Bailout

AP | JEANNINE AVERSA | Posted 05.25.2011

Read More: Treasury Department, Government Bailout, Financial Bailout, Citigroup Bailout, Citigroup, Business News

WASHINGTON — The Treasury Department said Thursday it has raised $10.5 billion from the sale of a total of 2.6 billion shares of Citigroup stock...

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Does Size Matter? Simon Johnson vs. Paul Krugman on Whether to Break Up "Too Big to Fail" Banks

Miles Mogulescu | Posted 05.25.2011

Read More: James Kwak, Wall Street Bailout, The Financial Fix, Obama Wall Street, Financial Bailout, Financial Reform, Too Big to Fail Banks, Too Big to Fail, Wall Street Reform, Federal Reserve, Paul Krugman Barack Obama, Citizens United, 13 Bankers, Krugman Obama, Politics, Financial Meltdown, Wall Street, Wall Street Regulation, Consumer Financial Protection Agency, Financial Crisis, Paul Krugman, Simon Johnson, Financial Regulation, Business News

Paul Krugman and Simon Johnson are two of my favorite economic commentators, but when it comes to the issue of breaking up mega-banks, they take dramatically opposing positions.

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Matt Osborne | Posted 05.25.2011

Read More: 14th Amendment, Financial Bailout, Corporate Responsibility, Financial Reform, 14th-Amendment, Criminal Justice, Corporate Personhood, Corporate Power, Campaign Finance, Goldman Sachs, Finance, Corporate Media, Blankfein, Goldman Sachs CEO, Financial Crisis, Global Financial Crisis, Financial Regulation, Lloyd Blankfein, Corporate-Personhood, Corporate Social Responsibility, Goldman Sachs TARP, Goldman, Goldman Sachs Profits, Citizens United, Citizens United v. Federal Election Commission, Goldman Sachs Bonuses, Corporate America, Corporations, FInancial Markets, Goldman Sachs Ceo Lloyd Blankfein, Goldman Sachs Bailout, Corporate Greed, Corporate Culture, Politics News

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Obama Takes a Baby Step in the Right Direction

L. Randall Wray | Posted 05.25.2011

Read More: Fraud, Financial Crisis, Financial Bailout, Wall Street, Volcker Rule, Paul Volcker, Barack Obama, Politics News

It is always too easy to criticize reform for not going far enough. However, the nature of this proposal seems to indicate that Obama still does not understand the scope of the problem.

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Citigroup is Well Run: Why The Treasury's Plan Will Fail

Bruce Judson | Posted 05.25.2011

Read More: Bruce Judson, Financial Bailout, Bailout, Glass-Steagall, Citigroup, Treasury Department, Citigroup Bailout, Remaking Fiscal Policy, Treasury Department Stress Tests, Citigroup Management Good Review, Business News

The modern history of finance, combined with ever advancing technology, shows that the locus of the next crisis is not predictable. We will always be regulating to prevent the causes of yesterday's failure.

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Bank Tax: Obama Seeks $90 Billion Levy From Big Banks

AP | JIM KUHNHENN | Posted 05.25.2011

Read More: Tarp, Wall Street, Financial Bailout, Bank Tax, Obama Bank Tax, Financial Crisis, Obama, Bank Bailout, Business News

WASHINGTON — President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the heig...

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Cure Millions of Leprosy -- or Just Give Hank Paulson a Tax Break?

Matt Bivens | Posted 05.25.2011

Read More: Polio, Vaccinations, Financial Bailout, Executive Compensation, Leprosy, Polio Vaccine, Guinea-Worms, Bush Tax Cuts, Politics News

$300 million could eradicate smallpox, history's greatest killer of humans -- yet the same sum wouldn't cover the bonus pool for the executives of the insurance company AIG after its great meltdown.

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Bill Gates: Wall Street Compensation Too High

Reuters | Michelle Nichols | Posted 05.25.2011

Read More: Wall Street, Financial Bailout, Bill Gates, Wall Street Pay, Fiscal Policy, Wall-Street-Bonuses, Business News

Bill Gates said on Wednesday he believes Wall Street pay is "often too high" and that U.S. government ownership of American International Group Inc wo...

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The "Fits and Starts" Recovery

Hale "Bonddad" Stewart | Posted 05.25.2011

Read More: Economy, Economic Recovery, Gdp, Economic Growth, Financial Bailout, Recession, Business News

At the beginning of the year GDP was dropping and we were bleeding jobs at 600,000/month. Given that, we're not going to rebound to a 3% growth rate in a few months; it's just not going to happen.

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Common Sense 2009

Larry Flynt | Posted 05.25.2011

Read More: Matt Taibbi, Glass-Steagall Act, National Strike, Goldman Sachs, Obama Financial Bailout, Financial Bailout, Shays? Rebellion, Politics News

The real war is not between the left and the right. It is between the average American and the ruling class. It's time we took back our government from those who would make us their slaves.

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Bailout Clunkers, not Private Jets

Harry Smith | Posted 05.25.2011

Read More: Nantucket, Financial Bailout, Bailout, Private Jet, Cash for Clunkers, Cars, Car Dealerships, New York News

I was in Nantucket over the weekend, and I have to say I was impressed by the large number of private jets parked on the tarmac at the local airport. The rich are still doing okay.

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A Simple Test

Mike Lux | Posted 05.25.2011

Read More: Goldman Sachs, Financial Bailout, 2009 Obama Administration, Economy, Economic Crisis, Politics News

When Obama starts focusing on policies with the simple test -- does it benefit poor and middle class people, or does it benefit Goldman and Morgan? -- he will start getting moving the country's economy forward.

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We Don't Care. We Don't Have To Care. We're Goldman Sachs.

Mike Lux | Posted 05.25.2011

Read More: Laura Flanders, Financial Crisis, Goldman Sachs, Grittv, Financial Bailout, Economic Crisis, Politics News

Goldman Sachs has openly, blatantly gone back to business as usual, knowing they will be bailed out by taxpayers if their high rolling gambles don't work, and they don't care who knows about it.

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Congrats, Goldman, on That Enormous Profit, Now When Do the Rest of Us Get Something?

Mike Lux | Posted 05.25.2011

Read More: Goldman Sachs, Financial Crisis, Financial Bailout, Economic Crisis, Business News

Apparently the only thing Goldman learned from the financial collapse was that the government would bail it out if it kept taking big gambles, which isn't the lesson I was hoping it would learn.

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The Nation: New Pecora Commission Vital

The Nation | Christopher Hayes | Posted 05.25.2011

Read More: Pecora Commission, Financial Bailout, Financial Crisis Inquiry Commission, Financial Crisis, Angelides, Business News

If there's one thing that everyone seems to agree on, it's that the current financial crisis is complicated. There's two problems with this. First, it...

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Now for Something Really Scary

Mike Lux | Posted 05.25.2011

Read More: Goldman Sachs, Financial Bailout, 2009 Obama Administration, Financial Regulation, Business News

Why does it scare me so much that Goldman Sachs made big money this last quarter? Because of how they made it.

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US Could Lose $2B In TARP, Warns Oversight Panel

The Hill | Posted 05.25.2011

Read More: $2 Billion in TARP Losses, TARP Oversight, Financial Bailout, Bailout, TARP Oversight Panel, Tarp, Transparency, Politics News

The government could lose out on more than $2 billion if federal officials continue to undervalue part of the financial bailout package, a government ...

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Confronting the Greedy

Mike Lux | Posted 05.25.2011

Read More: Financial Crisis, Larry Summers, Financial Bailout, 2009 Obama Administration, Tim Geithner, Business News

I want Obama to succeed, but it's not going to happen unless he (a) wrenches the control of the economy away from the greedy, and (b) confronts the greedy directly.

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Bailout Oversight Panel Warns Financial Crisis "Taking Root In The Larger Economy"

ABC News | CHARLES HERMAN and ALICE GOMSTYN | Posted 05.25.2011

Read More: Bailout Oversight, Financial Bailout, Elizabeth Warren, Economic Crisis, Economy, Financial Crisis, Bank Bailout, Bailout Oversight Panel, Recession, Business News

Govt. May Spend More than $4 Trillion but Economy Faces 'Prolonged Weakness,' Oversight Panel Reports...

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Agency says bailout will cost taxpayers more

AP | PETE YOST | Posted 05.25.2011

Read More: Financial Bailout, Bailout, Economic Crisis, Financial Crisis, Taxpayers Bank Bailout, Bank Bailout, Politics News

WASHINGTON — Bailing out the financial sector will cost taxpayers $167 billion more than originally anticipated, according to a Congressional Bu...

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Gibbs Struggles To Contrast Auto, Wall Street Bailouts

HuffingtonPost.com | Sam Stein | Posted 05.25.2011

Read More: Gibbs Auto Bailout, Banks Cars, Financial Bailout, Gibbs Struggles, Robert Gibbs, Gibbs Stumbles, Gibbs White House, Bailout Bucks, Gibbs Briefing, Politics News

Robert Gibbs had to know it was coming. The press briefing on Monday was sure to focus on an apparent double standard from the administration when it ...

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TARP Funds Get Recycled As Political Contributions

Newsweek | Michael Isikoff and Dina Fine Maron | Posted 05.25.2011

Read More: Tarp, Tarp Funds Banks, Financial Bailout, Tarp Funds Campaign Contributions, Business News

There was plenty of outrage on Capitol Hill last week over the executive bonuses paid out by AIG after getting federal bailout money. But another mone...

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