iOS app Android app

Wall Street Bailout

Wall Street: Too Big To Regulate

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

How can the Treasury, White House, and Congress be so tone deaf to calls to stop the massive give-away to the same people who got us into this mess?

Wall Street's 10 Biggest Lies of 2009

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Not only are we richly rewarding those who wrecked our economy, but also, we have to put up with hundreds of fabrications about how the big banks got us here. Here is my biggest, fattest lies list for 2009.

Wall Street's Latest Ponzi Scheme: Bailout Repayments?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

After a year of holy hell we may be witnessing an economic miracle: Bank of America, so recently on life support, comes up with $45 billion in hard cold cash to repay TARP in less than a year.

The American Home-Owning Dream On Life Support

Andy Kroll | Posted 05.25.2011 | Business
Andy Kroll

Close to 45,000 desperate homeowners showed up during NACA's five-day stand at the Cow Palace for the chance to renegotiate their disastrous subprime mortgages or sky-high interest rates or interest-only payments.

Drinking the Financial Innovation Kool-Aid: Day 2 at the Financial Crisis Inquiry Hearings

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Financial innovation is not like any other kind of innovation in our economy. If you create a new IPod and it goes sour, it hurts Apple. Create a synthetic collateralized debt obligation that goes south, you crash the world economy.

Goldman Sachs Doing "God's Work"?

Charles Gasparino | Posted 05.25.2011 | Business
Charles Gasparino

The only thing worse than Goldman Sachs amassing billions in bonus money for its executives, based on various government subsidies and bailout measures, is listening to it try to explain it all away.

Jason Linkins

Mark Fisher On Morning Meeting: Taxpayers Need To Get "Their Pound Of Flesh" From Bailout Banks | Jason Linkins | Posted 05.25.2011 | Business

On today's Morning Meeting, Dylan Ratigan took on the issue of bailouts for the few banks anointed as "too big to fail" with Mark Fisher, founder of M...

In The Fed We Trust? Will The Senate Reward The Architect Of The Wall Street Bailout?

Robert L. Borosage | Posted 05.25.2011 | Business
Robert L. Borosage

Will the Senate vote another term for Ben Bernanke as head of the Federal Reserve? Should it?

Obama Planning New Fee On Banks | Posted 05.25.2011 | Business

Top administration officials tell Morning Money that President Obama's budget, to be unveiled next month, is likely to include a fee on banks designed...

Wall Street and the US Government: Where's Jimmy Stewart When We Need Him?

Steven G. Brant | Posted 05.25.2011 | Politics
Steven G. Brant

With all the interest in the damage Wall Street has done, activity that's the opposite should draw some attention. But coverage of the corporate social responsibility movement is not yet an idea whose time has come.

Best and Worst Bonuses of 2009

Dan Collins | Posted 05.25.2011 | New York
Dan Collins

The median holiday bonus this year will only amount to about $250. Here's a list of some of the best-publicized bonuses that were given out in 2009.

Marcy Kaptur's Fight Club

Allison Kilkenny | Posted 05.25.2011 | Politics
Allison Kilkenny

Today, the New York Times announced the 100th small bank failure of 2009. Don't expect any mourning. The bank isn't named "JPMorgan Chase."

Study: Politically-Connected Banks Were More Likely To Get Bailed Out

Posted 05.25.2011 | Business

In a finding that is sure to confirm the musings of conspiracy theorists -- or may just prove the obvious to cynics -- a new study details how the fin...

Shahien Nasiripour

Americans Think Federal Reserve Chairman Ben Bernanke Prefers Wall Street Over Main Street | Shahien Nasiripour | Posted 05.25.2011 | Business

By a better than two-to-one margin, Americans think Federal Reserve Chairman Ben Bernanke puts Wall Street ahead of Main Street, according to a new po...

The Bailout Blow-Up One Year Later: Has Washington Learned?

Eddie Reeves | Posted 05.25.2011 | Business
Eddie Reeves

For leaders who understand the value of well-executed strategic communications efforts, there are at least five key lessons to be learned from the bailout disaster one year ago.

First ACORN. Citibank, AIG, Goldman Sachs Next?

The Yes Men | Posted 05.25.2011 | Media
The Yes Men

We posed as Dow Chemical representatives at a big banking conference where we said that any number of human deaths is acceptable as long as a project is profitable. The bankers applauded.

Where is the Progressive Agenda for the Great Recession? AWOL

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The banks that were too big to fail have actually gotten bigger. The consumer financial protection agency is getting watered down by bank lobbyists funded indirectly by our bailout.

Obama at the United Nations

Sasha Abramsky | Posted 05.25.2011 | Politics
Sasha Abramsky

Barack Obama has always been at his best when the setting enables him to explain his vision for transformative change through the use of broad historical themes and holistic analyses.

The Beck Bank Bailout: Glenn Beck Championed the Wall Street Bailout He Now Criticizes

David Sirota | Posted 05.25.2011 | Media
David Sirota

When progressives were fighting tooth and nail against the bailout, Beck was promoting it, offering criticism only for it not being bigger.

Landmark Decision Promises Massive Relief for Homeowners and Trouble for Banks

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

60 million mortgages with fatal defects in title could give aggrieved homeowners and securities holders the crowbar they need to exert some serious leverage on Congress.

2.5 Million Green Jobs Lost From the Bailout Bonuses Alone: Escaping the Wall Street Economy of Debt

Mike Elk | Posted 05.25.2011 | Business
Mike Elk

We responded to the financial system's crisis by propping it up. Why not prop up manufacturing, which has been disappearing at a stunning rate from this country over the last 30 years?

The $2 Trillion Secret

Pat Choate | Posted 05.25.2011 | Business
Pat Choate

As the sheer volume of the Fed financing makes clear, the bailout of the financial sector involves more than the $700 billion approved by Congress in late 2008.

One Year Later: The Lessons of a Failed Economic Philosophy

Alexi Giannoulias | Posted 05.25.2011 | Chicago
Alexi Giannoulias

We are no more insulated from a financial crisis today than we were one year ago. Congress has not changed a single rule, habit or practice to stop this economic calamity from happening again.

Screaming Joe Wilson: Newt Gingrich's Frankenstein

Lorelei Kelly | Posted 05.25.2011 | Politics
Lorelei Kelly

If congressional politics are inside baseball, Newt Gingrich completely upended the playing field. Joe Wilson isn't an accident, he's an outcome.

Jason Linkins

Casino Capitalism: Fortune Editor Andy Serwer Says Administration Gaming System For Wall Street Titans | Jason Linkins | Posted 05.25.2011 | Business

Earlier this morning, Morning Joe's Joe Scarborough and Mika Brzezinski were joined by Fortune Magazine Managing Editor Andrew Serwer and our own co-f...