Sustainability| More...
 

700 Billion Bailout

Where Is The Bank Bailout Money Going? (VIDEO)

Posted 11.04.2009 | Business

Read More: Tarp, Elizabeth Warren, Elizabeth Warren Goes to Washington, $700 Billion Bailout, Bank Bailout, Congressional Oversight Panel, Huffington Post Investigative Fund, Business News

Where exactly is all of the bailout money going? Today, McClatchy addresses growing concerns over the lack of true oversight in government's enormous ...

Read Whole Story

An Open Letter to President Obama

Jason Pollock | Posted 03.08.2009 | Politics

Read More: The Radical Right, 700 Billion Bailout, President Obama, Madonna, Martin Luther King Jr., $700 Billion Bailout, Obama Administration, Obama, Mlk, Barack Obama, Change, Nelson Mandela, Economic Stimulus Package, Obama Change, Martin Luther King, 700 Billion Dollar Bailout, Stimulus Package, Jason Pollock, Fox News, Economic Stimulus, Limbaugh, Obama Muslim World, Closing Guantanamo, The Beatles, Politics News
Jason Pollock

You have forever changed what it means to be the President of the United States and I'm so grateful and happy for your existence.

Read Post

To Survive, Americans Must Assert Themselves as Economic Patriots

Leo W. Gerard | Posted 03.02.2009 | Business

Read More: Sen. Sherrod Brown, Year End Bonuses, U.S. Chamber of Commerce, French President Nicolas Sarkozy, $700 Billion Bailout, United States Council for International Business, Congress, Corporate Jet, Business Roundtable, “Buy America”, Infrastructure, Unemployment, Wall Street, Bernie Madoff, Stimulus Package, Government Accountability Office, Economy, Business News
Leo W. Gerard

To survive this economic catastrophe, Americans must stand up to the likes of the Chamber and the Roundtable and call them out for being economic traitors to the United States of America.

Read Post

Toyota Republicans Should Cut Their Own Pay

Leo W. Gerard | Posted 01.22.2009 | Business

Read More: National Review, Sen. Lamar Alexander, Sen. John Cornyn, $700 Billion Bailout, Honda, Diet, Big Three, Toyota Republicans, Bank of America, Merrill Lynch, Aig, Auto Bailout, Daimler, Mercedes-Benz, Sen. Thad Cochran, Nissan, President Bush, Great Depression, Sen. Lindsey Graham, Germany, Washington Mutual, Gm, Sen. Richard Shelby, United Autoworkers, Ford, Fannie Mae, Toyota, Sen. Jim DeMint, Sen. Kay Bailey Hutchinson, Sen. Bob Corker, House of Councillors, Japan, Economic Policy Institute, Chrysler, Bmw, Freddie Mac, Wall Street, Lehman Brothers, South Korea, Sen. Saxby Chambliss, Sen. Johnny Isakson, New York Times, Bear Stearns, Sen. Mitch McConnell, Uaw, Business News
Leo W. Gerard

Clearly the allegiance of the Republicans who opposed the loan to save GM and Chrysler is not with the US, which would lose 900,000 jobs if just GM closed, and more than 2.1 million if the Big Three did.

Read Post

You Morons, What Have You Done With Our Money?

Gail Vida Hamburg | Posted 01.22.2009 | Business

Read More: Henry Paulson, Elizabeth Warren, Government Bailout, Bailout, Barney Frank, Economic Crisis, Associated Press, Taxpayers Dollars, $700 Billion Bailout, Cpa, Henry Paulson Plan, Neel Kashkari, Bailout Money, Bank Bailouts, Rita Beamish, Congressional Bailout, Frank Bass, Brad Sherman, Rajiv Chandrasekaran, Corporate Bailout, Bailout Oversight Panel, Executive Bailout, Corporate Bonuses, Business News
Gail Vida Hamburg

Was it too much to ask Congress to examine this government intervention in the free market critically before authorizing the transfer of US taxpayer dollars to benefit the banking sector?

Read Post

Congress Bails out Those Who Shower Before Work, but not Those who Shower After Work

Leo W. Gerard | Posted 12.26.2008 | Business

Read More: Congress, Phil Gramm, Hank Paulson, Chrysler, United Auto Workers, Senate Banking Committee, Economy, Honda, U.S. Treasury, Cars, Mercedes-Benz, Federal Reserve, $700 Billion Bailout, Vikram S. Pandit, Ford, Charles O. Prince III, Automakers, Nissan, Unemployment, Bailout, Default, George Will, Hyundai, Sen. Jon Kyl, Detroit, Big Three, Financial Crisis, Washington Post, President Bush, Detroit Bailout Reaction, Detroit Bailout, Automaker Bailout, Big Three Automakers, Toyota, Sen. Richard Shelby, Detroit Three, Gm, The Big 3, Chysler, Detroit Automakers, Robert Rubin, Wall Street, Martin Feldstein, Ben Bernanke, Wachovia, Auto Industry, Bankrupt, Citigroup, Business News
Leo W. Gerard

Detroit is a place where workers are unionized; Wall Street is not. And right-wing Republicans and conservative pundits have made it clear they want the union workers to suffer.

Read Post

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

David Paul | Posted 12.24.2008 | Business

Read More: Credit Derivatives, Wall Street Bailout, General Motors, Citibank, Financial Crisis, $700 Billion Bailout, Henry Paulson, Aig, Credit Default Swaps, Wall Street Crisis, Bailout, Obama Administration, Obama Economy, Citigroup, Business News
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.

Read Post

Paulson's Bailout: So Much for That Idea!

Rick Horowitz | Posted 12.14.2008 | Business

Read More: $700 Billion Bailout, Wall, Bailout, Business News
Rick Horowitz

You know what the bailout feels like? Walking down the street, and pressing a crumpled bill into the outstretched palm of the guy who approached you... Only multiplied by 700 billion.

Read Post

Key #2 To Your Sound Financial Future

Dr. Cara Barker | Posted 12.11.2008 | Living

Read More: Economy, Global Recession, Living Beyond One's Means, Corporate Compensation, Alchemy, Congressional Bailout, $700 Billion Bailout, Financial Crisis, Passing the Buck, Money Management, Recession, Living News
Dr. Cara Barker

We cannot meet a better life, a more sound financial future, without facing the fact that sooner or later we have to face the habit of living beyond our means.

Read Post

Paulson Deal Cheats American Taxpayers

Leo W. Gerard | Posted 11.30.2008 | Business

Read More: Goldman Sachs, Hank Paulson, Wall Street, Wells Fargo, U.S. Treasury, Henry Paulson, $700 Billion Bailout, Warren Buffett, Congress, Alan Greenspan, American Dream, Richard Kovacevich, Wall Street Crash, Stockholder Bonuses, Congressional Bailout, Financial Crisis, Treasury Secretary, Corporate Bonuses, Business News
Leo W. Gerard

We need to bury the philosophy that worships only business, free markets, deregulation and free trade, and replace it with an economic program that rebuilds the middle class.

Read Post

When It Comes to Slicing the American Pie, McCain Serves Only the Rich

Leo W. Gerard | Posted 11.24.2008 | Politics

Read More: Saks Fifth Avenue, Republican National Committee, John McCain, Joe the Plumber, Karl Rove, Poverty, Hank Paulson, Middle Class, Election ’08, Federal Reserve, Drew Griffin, $700 Billion Bailout, Valentino Garavani, Democrats, Sarah Palin, Barack Obama, Cnn, Unemployment, Wall Street, Joe Sixpack, Brother’s Keeper, Health Insurance, San Francisco, Paul Krugman, Foreclosure, Ben Bernanke, Socialist, Mortgage Bankers, Stimulus Package, Costco, Wall Street Crash, Financial Crisis, Obama Socialist, Obama Convention Speech, Congressional Bailout, Deregulation, Politics News
Leo W. Gerard

McCain and Palin are running around the country pretending the GOP ticket represents the best interests of the working class and small business owners. It's all false rhetoric and no real action.

Read Post

Requiem for the Bailout Storyline

Norman Solomon | Posted 11.13.2008 | Media

Read More: James K. Galbraith, Robert Reich, Wall Street Crisis, McClatchy Newspapers, Economy, David Brooks, New York Times, Institute for Policy Studies, $700 Billion Bailout, Congress, News Media, Economic Stimulus, Center for Economic and Policy Research, President Bush, Dow, Dean Baker, Media News
Norman Solomon

Recent events should not be allowed to obscure the reality that the news media played a pivotal role in stampeding the country into a bailout that was unwise and unjust.

Read Post

Credit Default Swaps, the Collapse of AIG and Addressing the Crisis of Confidence

David Paul | Posted 11.11.2008 | Business

Read More: Paulson Wall Street Crisis, $700 Billion Bailout, Credit Derivatives, Credit Default Swaps, Wall Street Bailout, Business News
David Paul

The problem seems straightforward. After the AIG collapse, how does one institution trust its exposure to another?

Read Post

Declaring War on the Meltdown

Alan Fein | Posted 11.10.2008 | Business

Read More: Great Depression, America, Wpa, Economy, Economic Meltdown, Trillion, Recession, $700 Billion Bailout, 700 Billion, Business News
Alan Fein

A wise Democrat I know argues that a 21st Century WPA-type program is not only good policy; it's also good politics: "Bailing out financial markets is playing defense. I want to play offense."

Read Post

Late Car Payments Now Total $25 Billion; US May Lose 700 Dealerships This Year

Steve Parker | Posted 11.08.2008 | Business

Read More: Automotive News, Toyota, Chrysler, Gm, Detroit Three, $25 Billion Bailout, Home Mortgages, Home Mortgage Crisis, Experian, Cars, $700 Billion Bailout, Italy, Santa Monica, National Association of Automobile Dealers, Ford, Car Payments, Santa Monica Daily Press, General Motors, Japanese Cars, South Korea, Germany, Great Britain, Detroit, Vietnam, Foreclosure, Japan, Repossession, China, Nada, Business News
Steve Parker

The number of people late on their monthly car and truck payments is huge, represented by nearly $25 billion worth of consumer auto loans that are delinquent.

Read Post

Barney Frank Brings Life Support to Wall Street

Aubrey Sarvis | Posted 11.07.2008 | Business

Read More: Wall Street Crisis, November Election, Nancy Pelosi, Barney Frank, Henry Paulson, $700 Billion Bailout, Harry Reid, Congress, Ben Bernanke, Business News
Aubrey Sarvis

Despite the bailout, the European and Asian markets are in what the Financial Times describes as a "global sell-off" but which less conservative media are describing as a "bailout panic."

Read Post

Cramer Says To Get Out Of The Market

MSNBC | Michael Inbar | Posted 11.06.2008 | Business

Read More: Jim Cramer, Jim Cramer Advice, Stock Market, Stocks, Stocks Down, $700 Billion Bailout, Business News

Bullish investors should turn into shrinking violets as the stock market continues its shocking downward spiral, CNBC's "Mad Money" host Jim Cramer to...

Read Whole Story

Economic Chaos Increases After Congress Passes Bailout

Bob Barr | Posted 11.06.2008 | Politics

Read More: Bob Barr Mccain, Bailout, Economy, Bob Barr, Recession, $700 Billion Bailout, Libertarian, Bob Barr Libertarian, Housing Crisis, Wall Street Crisis, Politics News
Bob Barr

There is much more to be done to clean up the economic mess flowing from the housing market crash, but the ill-considered federal bailout is likely to slow the process.

Read Post

So... Now What?

Andy Stern | Posted 11.03.2008 | Politics

Read More: $700 Billion Bailout, Wall Street Bailout, Wall Street, Bailout, Economy, Barack Obama, Seiu, Main Street, Obama Administration, Politics News
Andy Stern

Let's face it: the Bailout Bill doesn't get to the heart of what's wrong with our economy. Neither you, nor I, nor many of those who voted for it believe that this bill will solve the pressing issues American families face.

Read Post

Jason Linkins

John McCain Gets Incoherent In Bailout Defense

HuffingtonPost.com | Jason Linkins | Posted 11.02.2008 | Politics

Read More: Joe Scarborough, John McCain, Bailout, Mccain Bailout, Morning Joe, $700 Billion Bailout, Mika Brzezinski, Henry Paulson Plan, Politics News

Look, I'm just going to level with you. I have not got no explanation for what could possibly be going on in this clip of John McCain on today's Morn...

Read Whole Story

The Next New Deal

Agit-Pop | Posted 11.01.2008 | Media

Read More: George Bush, $700 Billion Bailout, Subprime Crisis, Bailout Bill, Bailout, New Deal, Media News
Agit-Pop

2008-10-01-agitpop.jpgInstead of the handing those who created the Sub Prime Pyramid Scheme a TRILLION of our dollars, we demand a NEW New Deal that invests in the country that our children will inherit.

Read Post

Senate Passes Bailout Bill

Huffington Post | Dave Burdick and Nicholas Graham | Posted 11.01.2008 | Business

Read More: Senate Bailout Bill Vote, Finance, Senate Bailout Vote, Economy, $700 Billion Bailout, Personal Finance, $700 Billion Rescue Plan, Wall Street Crisis, Wall Street, Bailout Bill, Senate Bailout Bill Text, Obama on Senate Floor Bailout, Senate Bailout Text, Senate Bailout Bill Full Text, Obama Speech on Bailout Senate Floor, Full Text of Revised Bailout Plan They Are Voting on Tonight, Senate Bailout Bill, Text, Obama Senate Floor Bailout, Senate Bailout Legislation, Senate Vote on Bailout, Senate Vote, Senate Vote on Bail Out, US Senate, Senate Vote on Housing Bill, Senate Vote Record, Business News

***UPDATE*** 12:41AM 10/2 Bipartisanship: The Senate's bailout vote margin stood in stark contrast to the House's: In stark contrast to the House re...

Read Whole Story

What Part of "We Don't Trust You" Do You Not Understand?

Jane Smiley | Posted 11.01.2008 | Business

Read More: Financial Crisis, $700 Billion Bailout, Wall Street Crisis, Bailout Bill, Bailout, Wall Street, House Bailout, Business News
Jane Smiley

If there's going to be a bailout, bailout from the bottom and let the benefits trickle upward. The ruling class can't imagine how things would work for them if we did that.

Read Post

A New Deal, or a New New Deal?

Howard A. Rodman | Posted 10.31.2008 | Politics

Read More: $700 Billion Bailout, Financial Crisis, Henry Paulson, Wall Street Bailout, Wall Street Crisis, Bailout, Warren Buffett Goldman Sachs, House Bailout, Warren Buffett, Congress Bailout, Securities Turnover Excise Tax, Politics News
Howard A. Rodman

If we don't use this crisis as an opportunity, the pigs at the trough certainly will -- as they did after 9/11, and as Paulson and his gravediggers have been doing for the past few weeks.

Read Post