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The Blog
Main Street is absolutely flabbergasted that bankers do not understand the core issues of this bonus question. Allow me to clearly outline the problem and propose a solution.
Big banks have a funding advantage -- the implicit government guarantee makes it easier for them to raise capital and cheaper for them to borrow money. They will always only become larger.
The fact that Wal-Mart is carrying this movie is proof that Corporate America is so secure in its position as the ruler of our country that they can sell a movie that attacks them because it poses absolutely no threat to them.
Fannie Mae received another $15 billion of government money in February, bringing the current taxpayer exposure to the bailout to $315 billion.
Testifying today before the TARP Congressional Oversight Panel, Vikram Pandit claimed that Citigroup is on the side of the angels -- in this case, the side of real financial reform.
It's obvious that trial modifications and loan forebearances -- the main thrust of the administration's Home Affordable Modification Program -- are just delaying foreclosures that are dragging down economic recovery efforts.
In a desperate effort to meet budget needs, states and local governments over the last decade have gone to the big banks to ask for exotic instruments known as interest rate swaps.
The financial services industry must take steps to meet its fair housing obligations. In the past, the industry's policies and practices have worked against fair housing achievements, promoting residential segregation.
Who needs TARP to bail out financial institutions? Your local supermarket carries a retail version at the checkout counter. We know the program as "gift cards."
Regardless of the inability of the Democrats to sell their most successful policies, along with the inability of the Republicans to tell the truth about all of those check-cashing ceremonies they're attending, the recovery act has worked.
Buying a five year naked CDS is like buying life insurance on a stranger. It is not legal for individuals and should be treated similarly for companies.
The Roadmap for Republicans allows Wall Street speculators to use benefits as poker chips with taxpayers of all ages forced to cover the losses.
At last weekend's Tea Party conference, Palin deliberately conflated ending the bank subsidies with the bank bailout.
If one just looked at the numbers, President Obama's first year in office would have to be rated a huge success. Ultimately though, the large number of small accomplishments did not shape public perception.
American common sense intuition is something the Move Your Money campaign has tapped into and helped amplify. It's been there all along and it's not going to go away.
By Zach Carter, Media Consortium Blogger In a landmark decision last week, the Supreme Court ruled that corporations could spend unlimited funds to in...
