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Proposals In House Would Curb 'Too Big To Fail' Banks, Firms

Wall Street Journal | DAMIAN PALETTA and MICHAEL R. CRITTENDEN | Posted 05.25.2011 | Politics

Democrats are advancing proposals in Congress designed to limit the size and complexity of financial companies so that any collapse wouldn't damage th...

Patriotism, Wall Street, You and Me

Stephen Gyllenhaal | Posted 05.25.2011 | Business
Stephen Gyllenhaal

A Vanity Fair piece chronicles in a very personal way what happened with the key players as the markets were melting last fall.

Report: Treasury Misled Public On Bailouts

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial bank...

What's Still Hidden In AIG's Files?

Huffington Post Investigative Fund | Ben Protess | Posted 05.25.2011 | Business

As federal hearings into the cause of the financial crisis got underway this week, attention has focused on one key outstanding question: Whether the ...

Geithner: Job Growth Should Resume By Springtime

AP | Posted 05.25.2011 | Business

Treasury Secretary Timothy Geithner gave two significant interviews this week, one to National Public Radio and the other to ABC's Good Morning Americ...

TARP For Small Businesses: White House Looks To Bring Wall Street Rescue To Main Street

Washington Post | David Cho | Posted 05.25.2011 | Business

The Obama administration is developing a major initiative to tackle the economic and political problem of unemployment by getting federal bailout fund...

Why Ron Paul is Wrong

James Altucher | Posted 08.29.2011 | Business
James Altucher

At the end of the day, don't succumb to populist panic. Capitalism works and is on its way to a recovery if we just sit back and let it happen.

Can Citigroup Carry Its Own Weight?

New York Times | ANDREW MARTIN and GRETCHEN MORGENSON | Posted 05.25.2011 | Business

OVER the past 80 years, the United States government has engineered not one, not two, not three, but at least four rescues of the institution now know...

Geithner Talks To Select Group Of Bankers Every Day

AP | MATT APUZZO and DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — As the federal government propped up the housing market and braced for the collapse of General Motors this spring, Treasury Secreta...

Geithner's Time to Give Answers

Rep. Darrell Issa | Posted 05.25.2011 | Business
Rep. Darrell Issa

Inadvertent reporting errors are one thing. Directing a bailed-out company to withhold crucial information from a government agency in order to keep the American public in the dark is another.

Citigroup Gets Massive Tax Break In Deal with IRS

AP | STEPHEN OHLEMACHER | Posted 05.25.2011 | Business

WASHINGTON — Citigroup and other banks starting to repay the billions of dollars they borrowed from the government are getting another boost as ...

Geithner On Offense, Slams 'Irresponsibly High Bonuses'

Bloomberg | Posted 05.25.2011 | Business

Treasury Secretary Timothy Geithner criticized the record bonuses expected to be paid by big banks this year and refuted claims by Goldman Sachs Group...

Geithner's New Plan: Keep Backing Risky Investments, Paying Banks NOT to Lend

Art Levine | Posted 05.25.2011 | Business
Art Levine

Is Treasury Secretary Tim Geithner the new champion of real financial reform, fighting to rein in Wall Street and the big banks?

Goldman Sachs Bonuses: Columnist Says Analysts Predict $23 Billion Bonus Pool, Firm May Make Huge Donation

New York Times | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

By most analyst estimates, the annual bonus pool will swell to more than $23 billion. In its second quarter, Goldman disclosed it had put aside $11.4 ...

Goldman Sachs Will Earn $1 Billion If CIT Fails; U.S. Taxpayers Will Lose $2 Billion

Financial Times | By Henny Sender and Saskia Scholtes | Posted 05.25.2011 | Business

Goldman Sachs stands to receive a payment of $1bn -- while US taxpayers would lose $2.3bn -- if embattled commercial lender CIT files for Chapter 11 b...

Geithner Subpoena: House Committee Wants AIG Emails, Phone Logs

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — Treasury Secretary Timothy Geithner confirmed he will testify before a House committee probing his role in deals that sent billions...

Taxpayers Help Goldman Sachs Reach Height Of Profit In New Skyscraper

Bloomberg | Posted 05.25.2011 | Business

In the first six months of 2010, about 6,000 employees of Goldman Sachs Group Inc. will take a break from their spreadsheets and move across the south...

Geithner: Bailout Program Extended To October

AP | MARTIN CRUTSINGER and DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — The Obama administration has extended the $700 billion financial bailout program until October, setting up a struggle between Democ...

WSJ: AIG CEO Ready To Quit Over Pay Constraints

Huffington Post/AP | Posted 05.25.2011 | Business

NEW YORK — After just three months as head of battered insurer American International Group, Robert Benmosche has threatened to leave his post a...

How The US Blew The Trillion-Dollar Trade Of The Century

Bloomberg | Mark Fisher | Posted 05.25.2011 | Business

When the government was forced to bail out the financial system, our friends in Washington also had the opportunity to make the trade of the century f...

Sorkin On What Happened After Lehman

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

New York Times' reporter Andrew Ross Sorkin's excerpt microscopically examines the actions of some key regulatory and Wall Street players, in this case during the period immediately after Lehman failed.

Tim Geithner: Henhouse Fox. Thanks Again, Obama!

Barry Yourgrau | Posted 05.25.2011 | Business
Barry Yourgrau

What kind of two-ton albatrosses is Obama & Co. hanging around the neck of the Democrats with appointments like Geithner's?

Citigroup To Repay $20 Billion In TARP Bailout Money

AP | BY STEPHEN BERNARD | Posted 05.25.2011 | Business

NEW YORK — Citigroup Inc. and Wells Fargo & Co. said Monday they would repay their government bailout loans, freeing them from close regulatory ...

Fed Said to Ask Stress-Tested Banks to Submit TARP Repayment Plans

Bloomberg | By Scott Lanman and Craig Torres | Posted 05.25.2011 | Business

The Federal Reserve asked nine of the U.S. banks that were part of this year's stress tests to submit plans for repaying the government's capital inje...

Toxic Assets: Government's New Programs Aim To Buy Buy Banks' Bad Assets, Help Home Buyers

Washington Post | Renae Merle and David Cho | Posted 05.25.2011 | Business

The Obama administration is close to rolling out two initiatives aimed at addressing lingering problems from the financial crisis: A long-delayed effo...