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Wall Street Bailout

Obama To Help Treasury Secure Second Half Of $700 Billion Bailout

Washington Post | David Cho and Lori Montgomery | Posted 05.25.2011 | Politics

President-elect Barack Obama's transition team has agreed to accompany Treasury Department officials to meet with Capitol Hill leaders to help the Bus...

Car Sales Tank; Detroit Visits DC, Pt. II

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Now that they have our attention, the Detroit Three, in plans submitted to Congress Tuesday, increased their appeals for federal loans from $25 billion to $34 billion.

Coherent Government Bailout Plan Still Doesn't Exist, Says Bailout Monitor

NY Times | DIANA B. HENRIQUES | Posted 05.25.2011 | Politics

The head of a new Congressional panel set up to monitor the gigantic federal bailout says the government still does not seem to have a coherent strate...

Santa Claus Asks Congress For Bailout

Eric Williams | Posted 05.25.2011 | Business
Eric Williams

Mr. Claus, age unknown, offered no specifics about how he would use the government funds, asking only that the Congressmen simply "believe in" him.

Buy Now: One of World's Best Investors

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

One of the few investors or money mavens who guessed the meltdown was coming is Canada's Prem Watsa, Chair and founder of Fairfax Financial Holdings L...

Surprise! This Bank Refuses Fed Bailout

Robert Reed | Posted 05.25.2011 | Chicago
Robert Reed

The way major financial institutions are feasting on taxpayer-backed bailouts, you'd think every bank in this country has on the feed bag. Not true. Just north of Chicago is a bank that doesn't want any part of the U.S. government's $700 billion bank bailout or any subsequent rescue plans.

Building a New Wall: The Fundamental Right to Healthcare

Rep. Jesse Jackson Jr. | Posted 05.25.2011 | Politics
Rep. Jesse Jackson Jr.

Instead of spending money on more band-aids, a revised Constitution with a health care amendment would give direction to a unique American purpose and, over time, solve an historic problem.

New Bailout Actually Working!

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

One of the goals of the latest plan is to reduce mortgage rates through government buying of mortgage-backed securities and Fannie and Freddie debt. And it worked immediately.

Neel Kashkari's Stock Plummeting Like the Dow Jones

Disgrasian | Posted 05.25.2011 | Media

Last week, Neel Kashkari appeared before Congress, where he was called a "chump" by Maryland Dem Elijah Cummings.

Time to Change the Rules Rather Than Throw More Money at the Banks

David Paul | Posted 05.25.2011 | Business
David Paul

The current lesson for the commercial banks is that if they want to survive, they should not do any of the things -- such as increase lending -- that the Treasury is trying to get them to do.

Will We Let Detroit Go and the Recession Deepen Out of Disgust Over Financial Bailout?

David Paul | Posted 05.25.2011 | Business
David Paul

We have watched one bailout unfold, and we have not been impressed. We heeded the Wise Men, and now we feel violated. But how do we now hold failing auto companies to a higher standard?

The Two Trillion Dollar Bailout You Don't Know About

Ben Cohen | Posted 05.25.2011 | Politics
Ben Cohen

If you thought the $700 billion bailout was bad, think again. The Federal Reserve is apparently handing out two trillion dollars in loans and it won't disclose where the money is going to.

Bank Got Bailout, CEO Got Golden Parachute

ProPublica | Posted 05.25.2011 | Business

The South Financial Group announced this week that it had been approved to receive $347 million from the U.S. government. But the bank's founder and longtime CEO won't be sticking around.

Will Henry Paulson Sink Detroit?

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Mr. Paulson now stands to gain lasting notoriety as the person who destroyed the domestic U.S. auto industry, and the economies of the Michigan, Ohio, and Indiana along with them.

Risking Our Best Talent

Penny Herscher | Posted 05.25.2011 | Business
Penny Herscher

When I hear talk of the US taxpayer wanting zero bonuses on Wall Street this year, it concerns me that the public doesn't understand how talent works.

Fixing the Economy, from the Bottom Feeders Up

Don McNay | Posted 05.25.2011 | Business
Don McNay

I'm not sure where the payday lending businesses came from, but they populate poor neighborhoods everywhere. It's time to help people on the low end, too.

Secrets of the Bailout

Emma Coleman Jordan | Posted 05.25.2011 | Business
Emma Coleman Jordan

The same penchant for secrecy and partial disclosure that pervaded the last eight years of foreign policy, energy policy and domestic intelligence gathering is now slowly emerging in the bailout.

While Paulson Waffles, the White House Dawdles, and Congress Dithers, the Economy Continues to Burn.

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

So, $290 billion into his bailout plan, Hank Paulson is calling for a do-over. Now there is a confidence booster -- it shows just how uncertain Washington is about how to keep the economy from imploding.

John Daly, Wall Street Bailout and Bottoming Out

Don McNay | Posted 05.25.2011 | Business
Don McNay

The quicker Wall Street bottomed out, the quicker we could have started the recovery. Instead, we enabled it to the tune of $700 billion.

I'll Take MY Bailout, Now, Thanks!

Keith Blanchard | Posted 05.25.2011 | Business
Keith Blanchard

The plain fact is, each and every company and industry in America today needs and deserves a bailout. So I'm staking my claim: I represent one of more than 25 million small businesses.

Credit Cards In The World of Taxpayer-Owned Banks

Don McNay | Posted 05.25.2011 | Business
Don McNay

I hope the banks factored that reality in before the came up with the $700 billion figure. They might want to hang on to some of that taxpayer cash instead of using it to buy other banks.

How Your Tax Dollars Are Paying Bank Execs Billions

Jonathan Tasini | Posted 05.25.2011 | Business
Jonathan Tasini

Want to know where $40 billion of your taxpayer-financed bailout for bankers is going? Into the pockets of their executives. And that evidence comes s...

My Nigerian Email Scam

Tom McNichol | Posted 05.25.2011 | Business
Tom McNichol

AN URGENT EMAIL TO MY ESTEEMED FRIEND IN NIGERIA Dear MR. HAJIA MARIAM ABACHA, First, 1,000 apologies for not responding to the valued emails you've...

The Washington Post Only Supports Bailouts for Robert Rubin, Not Autoworkers

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The Post was near hysterical in its support of the Wall Street bailout earlier this month. Now the occasion comes to bail out the auto industry and the Post goes ballistic the other way.

Season of the Boo-birds

Tom McNichol | Posted 05.25.2011 | Business
Tom McNichol

It's time to stand up, America, cup your hands around your mouth, and let it rip for all of Wall Street and Washington to hear: Booooooooooooooooooooooooooo.