Financial Recovery

Taking on TARP

Dan Rather | Posted 08.08.2011

Read More: Dodd-Frank Act, Video, Wall Street Bailout, Foreclosure Crisis, Unemployment, Financial Oversight, TARP Money, Financial Recovery, Neil Barofky, Big Bank Bailout, Obama TARP, Mortgage Defaults, Big Banks, Financial Regulation, Business News
Dan Rather

"You can't look at what happened in the run-up to 2008 and see how it's not going to repeat itself, given what we've done," says Neil Barofksy, who became TARP's Special Inspector General in December, 2008.

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Executive Pay Soars In 2010

nytimes.com | DANIEL COSTELLO | Posted 06.10.2011

Read More: Financial Crisis, U.S. Economy, CEO Pay, Executive Pay, Executive Compensation, Financial Recovery, Economy, Business News

HAPPY days are back -- in the corner office, at least. In just nine months, Philippe Dauman of Viacom was paid $84.5 million, more than any other C...

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Goldman Gives Blankfein a $5.4 Million Cash Bonus

AP | Posted 06.02.2011

Read More: CEO Bonuses, Lloyd Blankfein, Financial Crisis, Banks, Bank Bailout, Goldman Sachs Bonuses, Goldman Sachs, Financial Recovery, Economy, Business News

NEW YORK — Lloyd Blankfein, the CEO of Goldman Sachs Group Inc., saw his 2010 compensation rise to $14.1 million from just over $1 million in 20...

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Bernanke’s Failure To Speak Out Rankles Some

New York Times | Posted 05.25.2011

Read More: Fed, Financial Recovery, Unemployment, Jobs, Economic Crisis, Bernanke, Federal Reserve, Economic Recovery, Stimulus, Recovery, Business News

The Federal Reserve is all but certain next week to begin a multibillion-dollar effort to coax the recovery along, but privately, Ben S. Bernanke, hea...

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Geithner Urges Action On Economy

Wall Street Journal | Posted 05.25.2011

Read More: Financial Recovery, Economic Crisis, Economic Recovery, Stimulus, Geithner, Bush Tax Cuts, Recovery, Economy, Financial Crisis, Business News

Treasury Secretary Timothy Geithner said Washington is at risk of undercutting an already sluggish economic recovery if it fails to provide quick, add...

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Donald Kohn: Fed Should Consider More Stimulus

New York Times | Posted 05.25.2011

Read More: Fed Stimulus, Fed, Financial Recovery, Donald Kohn Stimulus, Economic Crisis, Federal Reserve, Economic Recovery, Stimulus, Donald Kohn, Financial Crisis, Business News

The former vice chairman of the Federal Reserve, who retired last week after 40 years at the central bank, says that the economy is in "a slow slog ou...

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In Striking Shift, Small Investors Flee Stock Market

New York Times | Posted 05.25.2011

Read More: 3wa, Investing, Individual Investors, Financial Recovery, Stock Market, Economic Recovery, Small Investors, Business News

Renewed economic uncertainty is testing Americans' generation-long love affair with the stock market. Investors withdrew a staggering $33.12 billio...

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Feud for Thought

Harry Moroz | Posted 05.25.2011

Read More: Transportation, Fiscal Crisis, Janette Sadik-Khan, Stimulus, American Recovery and Reinvestment Act, Deficit, Financial Recovery, Financial Crisis, Politics News
Harry Moroz

Instead of taking into account the increased needs of their citizens, legislators face a political problem created by large deficits. In this context, cutting services becomes easier than raising taxes.

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SIMON JOHNSON What Is Goldman Sachs Thinking?

Simon Johnson | Posted 05.25.2011

Read More: Financial Recovery, Goldman Sachs, Wall Street Crisis, Financial Reform, Debt, US Debt, Gdp, Simon Johnson, Megabanks, Financial Boom, Financial Crisis, Business News
Simon Johnson

Reforming incentives or even discouraging destructive cycles is not Goldman's job. Their role is to make money, pure and pretty simple given their market share. That is why we need government.

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Expect G-20 Leaders To Clash Over Global Recovery

AP | JEANNINE AVERSA and TOM RAUM | Posted 05.25.2011

Read More: G-20 Summit, Financial Recovery, Lehman Brothers, Financial Reform, Financial Overhaul, David Cameron, Angela Merkel, Global Financial Crisis, Japan, Canada, Barack Obama, G-20, North Korea, Business News

HUNTSVILLE, Ontario — Fresh from a congressional win on a financial overhaul, President Barack Obama pressed world leaders on Friday to join him...

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'Cash Is Still King': Nonfinancial Firms Hold Record Amounts Of It

wsj.com | JUSTIN LAHART | Posted 05.25.2011

Read More: Financial Recovery, Federal Reserve, Target, Corporate Bonds, Duke University, Pep-Boys, Wall Street Journal, Cash, Business News

U.S. companies are holding more cash in the bank than at any point on record, underscoring persistent worries about financial markets and about the su...

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Daniel Gross: America's Amazing Comeback

Newsweek | Daniel Gross | Posted 05.25.2011

Read More: Daniel Gross Comeback, Daniel Gross Recession, America Comeback, Financial Recovery, Economic Crisis, Financial Crisis, Daniel Gross, Economic Recovery, America Recovery, Business News

In the wake of the 2008 financial meltdown and the deep, long recession that followed, the decline of America has become the preferred intellectual pr...

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Mind Over Money

BJ Gallagher | Posted 11.17.2011

Read More: Financial Worry, Financial Recovery, Money, Financial Stress, Recession, Affirmations, Financial Stress Reduction, The Inner Life, Positivity, Healthy Living News
BJ Gallagher

I began re-reading Chellie Campbell's terrific book, The Wealthy Spirit. Chellie is a big believer in affirmations and they're an important part of the work she does in helping people reduce financial stress.

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Get a Grip: Austerity Does Not Produce Prosperity

Robert Kuttner | Posted 05.25.2011

Read More: Debt, Eurozone, Greece, John Maynard Keynes, Wall Street, Financial Recovery, European Union, Eu, Austerity, Business News
Robert Kuttner

Austerity has suddenly become the universally prescribed cure for the fallout from the financial collapse. If widely adopted, it will prove worse than the disease.

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The Economic Recovery Continues

Hale "Bonddad" Stewart | Posted 05.25.2011

Read More: Economy, Financial Crisis, Unemployment, Inflation, Financial Recovery, Business News
Hale

The details we learned this week about the economy add up to a simple story: the recovery is progressing. However, an economy the size of the U.S. is like a battleship; turning it around takes time.

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Will The Unemployment Disaster Be Obama's Katrina?

Arianna Huffington | Posted 05.25.2011

Read More: U.S. Economy, Obama Unemployment, Unemployment, Financial Recovery, Economy, Tim Geithner, President Obama, Katrina, Financial Crisis, Larry Summers, Hurricane Katrina, Recession, Barack Obama, Politics News
Arianna Huffington

There's a Category 5 storm about to make landfall, and the president and the officials in charge of preparing for the approaching disaster don't seem to be particularly worried. Sound familiar?

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The Feds Have No Faith in Recovery

Michael Pento | Posted 05.25.2011

Read More: Stagflation, Financial Crisis, Depression, Gdp, Economic Stimulus Package, Recession, Financial Recovery, Business News
Michael Pento

The cyclical bull market in stocks and positive print on GDP has caused some on Wall Street and in D.C. to claim the recession has ended. A closer look indicates that neither believes its own rhetoric.

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Is the Gloss Half Empty?

Robert Kuttner | Posted 05.25.2011

Read More: Financial Crisis, Stock Market, Unemployment, Barack Obama Financial Crisis, Obama Stimulus Package, Financial Recovery, Politics News
Robert Kuttner

Did the Obama team get the stimulus about right, we averted a depression, and things are already reverting to normal? Don't count those chickens yet.

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Why Are the Republicans Such Anti-Obama Liars?

Frank Schaeffer | Posted 05.25.2011

Read More: Obama, Financial-Recovery, William F. Buckley, Republicans, Right Wing, Religious Right, Politics News
Frank Schaeffer

The religious right infection (of wanting failure to prove a moral/religious point) has become the Republican illness: root for failure so "we" win ideologically.

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Muhammad Yunus and the Financial Crisis: The Human Element

Vivian Norris | Posted 05.25.2011

Read More: Microloans, Financial Crisis, Education, Social Business, Michael Milken, Health Care, Muhammad Yunus, Charlie Rose, World Economy, Microcredit, Global Economy, Human Element Finance, Financial Recovery, Underdeveloped Countries, Business News
Vivian Norris

Perhaps the silver lining in this financial crisis is that we will start focusing on the human part of how we will build a more sustainable future.

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