iOS app Android app

Wall Street Bailout

Senate Banking Chairman: Confiscate Wall Street Bonuses

The Hill | Posted 05.25.2011 | Politics

Sen. Chris Dodd (D-Conn.) has vowed to use all legal means available to confiscate Wall Street bonuses paid out at the end of last year. Dodd, the ch...

Stiffed: Why Are Bailed-Out Banks Helping Pfizer Buy Wyeth?

Paul Loeb | Posted 05.25.2011 | Business
Paul Loeb

Pfizer, Viagra's daddy, is using money from taxpayer-bailed-out banks to help buy major pharmaceutical competitor Wyeth. That won't help taxpayers or consumers. Nor is it designed to.

Consumer Confidence and an All American Attitude

Don McNay | Posted 05.25.2011 | Business
Don McNay

In today's economy, there are a lot of things out of control. Greedy bankers and lousy leaders put the world in peril -- it is easy to get depressed. Then I think about the bright side.

We Need a Rehab Program for Spenders

Don McNay | Posted 05.25.2011 | Business
Don McNay

The nation's economic system has also gotten addicted to shopping.To turn the economy around, Americans need to find a spender's version of rehab.

GOP Congressman Cantor's Wife's Bank Did Well in the Bailout

Aram Roston | Posted 05.25.2011 | Politics
Aram Roston

When a powerful Republican congressman's wife is hired by a bank, and the bank gets a federal taxpayer bailout worth hundreds of millions, what does it mean?

What Today's Bailout Vote Says About the New Senate

David Sirota | Posted 05.25.2011 | Politics
David Sirota

What we've learned from today's bailout vote is that lots of our new senators - even those who campaigned as populists - are already under the spell of "the most exclusive club in the world."

Obama's Wall St. Reforms: Timid at Best

Charlie Cray | Posted 05.25.2011 | Business
Charlie Cray

We should be automatically suspicious of any proposals coming out of Washington, starting with Obama's recent request that the Treasury release the second $350 billion.

Ryan Grim

Dems Want Auto-Like String Tied To TARP Funds

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

What's good for General Motors is good for Wall Street. That's the argument being made by House Financial Services Chairman Barney Frank (D-Mass.), w...

The Post Crazy Economy

Don McNay | Posted 05.25.2011 | Business
Don McNay

To some, the crisis was caused by consumers. It's as if they are unhappy that we're getting our act together. It's similar to a dope dealer getting angry when a customer goes into rehab.

Bottom Line: 2008 Car/Truck Sales Probably Worst Since 1974

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

The only other time the industry has seen a 3-million (or more) unit plunge was following the 1974 oil shortage.

Making the Best of the Economic Mess

Don McNay | Posted 05.25.2011 | Business
Don McNay

I don't know how a Citigroup collector is going to convince an unemployed worker that he has a moral obligation to pay up. Thus, I am expecting huge credit card defaults in 2009.

2009: A Time for Real Economic Change

Mike Garibaldi-Frick | Posted 05.25.2011 | Business
Mike Garibaldi-Frick

America's anger and ingenious will is stoked and a new, more open administration is coming to power looking for innovative, far-reaching ideas.

Maddow Busts Morgan Stanley Board Member for Lack of Transparency

David Sirota | Posted 05.25.2011 | Media
David Sirota

In the name of transparency, Rachel Maddow went back and clarified that a bailout-justifying guest of hers actually had a blatant conflict of interest.

Toyota Projects First-Ever Annual Loss; Congress Disses Detroit

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Congress took a perverse pleasure in giving Detroit's CEOs and the UAW president the third degree -- unnecessary theater while our country suffers this economic decline.

Dear Abby, my economy's been cheating on me

Deepak Chopra | Posted 05.25.2011 | Home
Deepak Chopra

The shock is in the statistics. For the months of September and October, consumer confidence fell lower than at any time since it's been measured, goi...

Obama Floats Through Teapot Tempests

William Bradley | Posted 05.25.2011 | Politics
William Bradley

Why does Obama have Rick Warren delivering the invocation? Politics, naturally. It's a way to keep slicing off some of what has traditionally been a Republican vote.

The United States vs. Capitalism?

Scott Malcomson | Posted 05.25.2011 | Politics
Scott Malcomson

The rich countries, most innovatively or desperately the United States, are right now developing alternatives to their own system, and very possibly undermining it -- in order to save it.

Bush Punts Auto Industry to Team Obama; UAW Concedes Even More

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

This "agreement" is just another part of the recent "Bush/Cheney Revisionist History Farewell Tour." It was created to fail, just as long as that failure didn't happen while Bush was still president.

Maddow: Did America Get Punked On the Bailout? Yes...Now Here's What to Do

David Sirota | Posted 05.25.2011 | Politics
David Sirota

We have to pressure, cajole, lambaste and downright humiliate Wall Street stooges on Capitol Hill who claim nothing can be done.

"Drop Dead" Conservatism, Part One

Terrance Heath | Posted 05.25.2011 | Politics
Terrance Heath

"Drop Dead." That's the best answer that some conservatives have been able to offer to a country in teeth of the worst financial crisis we've faced in...

What the Republic Victory Means

Curtis Black | Posted 05.25.2011 | Chicago
Curtis Black

The victory of the Republic Windows and Doors workers demonstrates the value of militant action by labor in addressing the economic crisis.

If G.M. Was a Canadian Company It Wouldn't Be Asking for Help

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

If we paid the same amount for health care as Canada, G.M. would have accumulated an additional $22 billion in profits over the last decade.

The Banks Don't Trust Each Other, So Why Should We?

Sarah van Gelder | Posted 05.25.2011 | Business
Sarah van Gelder

In spite of the $150 billion-plus of U.S. taxpayers' money, they are still not lending money; credit markets are stalled. Maybe they understand better than anyone just how untrustworthy they are.

Putting Wall Street on the Main Street Compensation Plan

Don McNay | Posted 05.25.2011 | Business
Don McNay

Those of us who run our own businesses don't get bonuses if we lose money. We usually don't get bailed out or taken over. If we lose enough money, they lock us up and board up the front windows.

Detroit Drives to DC and Dr. Deming Invents Japan

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

We've had enough threats from our sworn enemies -- we don't need them from Detroit executives. These CEOs and their boards of directors must go, whether by car or jet or skateboard, they must go.