iOS app Android app

Financial Bailout

Bill de Blasio Lifts the Left

Brent Budowsky | Posted 04.15.2014 | Politics
Brent Budowsky

Bill de Blasio has lifted the left and is a man to watch in 2014. I have a hunch that the next Democratic nominee for president will be watching him closely, too.

Taibbi: Bailout Helped Turn Financial System Into 'Ponzi-Like Scam'

Rolling Stone | Posted 01.05.2013 | Business

It has been four long winters since the federal government, in the hulking, shaven-skulled, Alien Nation-esque form of then-Treasury Secretary Hank Pa...

Dave Jamieson

Mitt Romney Defends 2008 Stance To 'Let Detroit Go Bankrupt' | Dave Jamieson | Posted 02.22.2012 | Politics

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...

Mortgage Giants Leave Legal Bills To The Taxpayers

New York Times | Posted 05.25.2011 | Business

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

Companies That Received Bailout Money Giving Generously To Candidates

Washington Post | Posted 05.25.2011 | Politics

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...

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

Miles Mogulescu | Posted 05.25.2011 | Business
Miles Mogulescu

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.

Matt Osborne | Posted 05.25.2011 | Politics
Matt Osborne


Obama Takes a Baby Step in the Right Direction

L. Randall Wray | Posted 05.25.2011 | Politics
L. Randall Wray

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.

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

Matt Bivens | Posted 05.25.2011 | Politics
Matt Bivens

$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.

Bill Gates: Wall Street Compensation Too High

Reuters | Michelle Nichols | Posted 05.25.2011 | Business

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...

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

Bruce Judson | Posted 05.25.2011 | Business
Bruce Judson

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.

The "Fits and Starts" Recovery

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business

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.

Common Sense 2009

Larry Flynt | Posted 05.25.2011 | Politics
Larry Flynt

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.

Bailout Clunkers, not Private Jets

Harry Smith | Posted 05.25.2011 | New York
Harry Smith

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.

A Simple Test

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

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.

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

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

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.

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

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

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.

The Nation: New Pecora Commission Vital

The Nation | Christopher Hayes | Posted 05.25.2011 | Business

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...

Now for Something Really Scary

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

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

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

The Hill | Posted 05.25.2011 | Politics

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

Confronting the Greedy

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

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.

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

ABC News | CHARLES HERMAN and ALICE GOMSTYN | Posted 05.25.2011 | Business

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

Sam Stein

Gibbs Struggles To Contrast Auto, Wall Street Bailouts | Sam Stein | Posted 05.25.2011 | Politics

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 ...

TARP Funds Get Recycled As Political Contributions

Newsweek | Michael Isikoff and Dina Fine Maron | Posted 05.25.2011 | Business

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...

Free Money in the USA

Paul Hipp | Posted 05.25.2011 | Business
Paul Hipp

2009-03-18-Picture8copy.jpgDon't you kind of feel like someone at AIG needs to go to jail? Or maybe lots of people at AIG need to go to jail?