Last December I wrote about a bank merger deal that could create yet another "too big to fail" bank from the smoking embers of two of the very banks that helped blow up our economy in 2008: OneWest Bank (formerly IndyMac) and CIT Bank. While I'm baffled that this merger is still pending, I'm happy to report a bit of good news.
Rudy, let's break down your statement. When you say that "I do not believe that the president loves America," what indication do you have or what criteria are you using? I really want to know.
At the conference Lew cast some bread upon the water -- announcing an extension of HAMP and related programs through 2016 -- and these crumbs were eagerly consumed by so-called housing advocates
With all due respect to Sen. McCain, I have a different take on this. I, too, am outraged by the lack of care that many of our veterans have received, but I'm not at all bewildered by it. In fact, I saw it coming for years.
After a half-decade of emergency measures -- including not only the bailout, but the temporary nationalization of major auto manufacturers and round after round of "quantitative easing" -- have we managed to put the economy back on a secure footing?
Surprisingly, a few days later Warren Buffett made the same observation. He said "the Fed is the greatest hedge fund in history." For Warren, this is great. He is on the receiving end of the biggest transfer of wealth in history from workers and savers to borrowers and speculators.
The CNBC analysts should turn down the rhetoric and hype and listen to the analysts on sister station, MSNBC. They might learn something. I am also happy to clarify for them.
All knowledgeable D.C. types know that the TARP and Fed bailout of Wall Street banks five years ago saved us from a second Great Depression. Like most things known by knowledgeable Washington types, this is not true.
Tapping the HHF more deeply for Detroit seems like an excellent example of an action the president could take that's wholly consistent with the position he's staked out in recent weeks about going around the do-nothing Congress.
The idea that Barack Obama would still consider appointing Lawrence Summers to head the Federal Reserve rather than order an investigation into this former White House official's Wall Street payments mocks the president's claimed concern for the disappearing middle class.
That a pile of debt is a burden on new grads is pretty obvious. Less obvious is that the student debt burden, now in excess of $1 trillion by some estimates, is beginning to be a drag on the economy.
Given that any reasonable person can plainly see that our president is in fact trying to lead us to ruin, here's the good news: he's really, really bad at it.
In government, corporate and nonprofit offices across the country are women who are smart, work hard and care about their profession but are regularly ignored because they are viewed as too mousy or too pouty or too inexperienced or too something.
Unless Americans step up the way Cypriots did and demand real regulation, as well as send the message that they don't trust Wall Street by moving their money to community banks and credit unions, they can bank on being bilked. Again.
The accolades for Timothy Geithner came on so thick and heavy in the last week that it's necessary for those of us in the reality-based community to bring the discussion back to earth.
TARP -- the infamous Troubled Assets Relief Program that bailed out Wall Street in 2008 -- is over. The Treasury Department announced it will be completing the sale of the remaining shares it owns of the banks and of General Motors. But in reality it's not over.