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Bail Out

We Are All Detroit

Robert Kuttner | Posted 10.11.2013 | Politics
Robert Kuttner

Do you think the damage from the pending bankruptcy of the city of Detroit will be limited to Detroit? Think again. Detroit is partly the victim of economic trends far beyond its control, the downsizing and outsourcing of the auto industry and the collapse of the sub-prime bubble, to name just two. And yes, the city has suffered from corrupt and inept local government. But leaving Detroit to a bankruptcy process that favors investment bankers over local pensioners will neither provide a fair outcome nor contain the damage. It is a travesty that the federal government and the Michigan state government are not sending Detroit a lifeline. Other cities and states stand to lose both public services and pension benefits as this trend spreads. Chicago, which just suffered three levels of bond-downgrading, looks to be next.

Obama on Trayvon: One Speech Captures the Strength and Weakness of the Obama Presidency

Alan Singer | Posted 09.22.2013 | Politics
Alan Singer

We all risk living in the next Detroit. A true memorial for Trayvon Martin would be a federal full employment bill with guarantees that its benefits would reach into every city and town, every racial and ethnic group, and every family and household in the nation.

Bankrupt Sovereigns: Is There an Orderly Way Out?

Otaviano Canuto | Posted 08.10.2013 | World
Otaviano Canuto

An orderly sovereign debt restructuring would be one that places the debtor nation's public debt on a sustainable trajectory, while minimizing procrastination and contagion. However, orderly debt restructurings may remain elusive, even with high-powered official intervention.

52 Reasons to Vote for Obama: #11, Reformed Wall Street

Bernard Whitman | Posted 11.17.2012 | Politics
Bernard Whitman

Greater oversight on Wall Street means greater security on Main Street... a fact you can bank on.

Yep, You Heard it Here First .. and More Proof Romney Would Not Have Killed Osama bin Laden

Paul Abrams | Posted 06.28.2012 | Politics
Paul Abrams

Sometimes it is necessary to describe the obvious. Romney would never have pursued Osama bin Laden. Democrats should keep up this story. It shows Romney for who he is, and is not.

The European Agreement Offers Other People's Money

Georges Ugeux | Posted 12.27.2011 | Business
Georges Ugeux

The simple notion that China might be part of that new fund is sending waves throughout Europe. Does Europe need the IMF and China to resolve a $500 billion problem?

GM, Chrysler Beef Up Lobbying, Despite Government Ownership

Posted 05.25.2011 | Business

The government's attempts to impose safety and environmental standards on automakers is being thwarted by the very car companies it, in part, owns. ...

Citi Boosts Executive Pay

AP | PALLAVI GOGOI | Posted 05.25.2011 | Business

NEW YORK — Citigroup, still partly owned by the government after a rescue during the financial meltdown, is giving raises to top executives that...

William Alden

Bailed-Out Banks Finance 'Legalized Loan Shark' Lenders, Says New Report

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

Big banks that received TARP bailout money are funding payday lenders -- companies Senator Dick Durbin (D - Ill.) termed "bottom feeders" -- and which...

The Recession Creates a New Business Paradigm: Entrepreneurial Independence and Individualism

Susan Wilson Solovic | Posted 05.25.2011 | Business
Susan Wilson Solovic

People are fed up and tired of fighting the traditional career path, so a number of people have become employed by creating their own jobs -- by starting a business.

Your Retirement Funds to Bail Out Failed Banks?

Jayne Lyn Stahl | Posted 05.25.2011 | Politics
Jayne Lyn Stahl

With the recent spotlight on a runaway Prius, few are paying attention to the latest government plan to bail out failing banks with retirement money. ...

Bail out Could Cost Taxpayers Thirty Times more than Reported

Earl Ofari Hutchinson | Posted 05.25.2011 | Home
Earl Ofari Hutchinson

In 2008 and 2009, 50 separate Federal programs offered $23 trillion in loans, grants, or asset guarantees to the financial sector. Huh! This item ...

'Rediscovering Values': A Book I Didn't Expect to Write

Jim Wallis | Posted 05.25.2011 | Books
Jim Wallis

How will this economic crisis change us? Could there be good news in, through, and even because of this Great Recession? What is our role in creating a moral recovery?

Downtown Activists Take On Bailout Recipients, Haiti Aid

HuffPost Eyes&Ears Local | Allison Kilkenny & Zachary Roberts | Posted 05.25.2011 | New York

Produced by HuffPost's Eyes & Ears Citizen Journalism Unit This past Friday, a coalition of groups under the banner "Bail Out the People" took to t...

An Elephant in the Room?

Stephen Gyllenhaal | Posted 05.25.2011 | Books
Stephen Gyllenhaal

The Times article is delicious reading if you are interested in the strange world of past and present psychiatry, but what caught my eye most was a dream that the journalist reported to have had.

Showdown in Chicago: Creating a "Which Side Are You On" Moment

George Goehl | Posted 05.25.2011 | Business
George Goehl

Until our elected officials know there is a price to pay for siding with big money over everyday people, the average American will continue be on the losing end.

OMG! Greenspan Goes Populist?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

For Alan Greenspan, the apostle of free markets, to admit that financial free markets are not self-correcting is an enormous concession.

A New Form of Capitalism: Dealing with the Cause Versus the Effect

James Arthur Ray | Posted 11.17.2011 | Healthy Living
James Arthur Ray

Michael Moore's new movie on capitalism, like all of his movies, is thought provoking to say the least. I like Moore, not because I necessarily agree ...

The Problem With Bail-Outs

Nick Jefferson | Posted 05.25.2011 | Business
Nick Jefferson

Whether or not any of us thinks that bail-outs can be justified in principle, in practice they tend at best to reinforce poor management, and at worst they even reward it.

Bailed-Out Banks Making Profits -- For Taxpayers

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Money wasn't just "given" to Wall Street firms. It bought something of value. And now that the firms (and the market in general) are recovering, they're starting to pay it back. With interest.

Redefining Chutzpah: Wall Street Using Bailout Money to Kill Financial Consumer Protection Agency

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

With a straight face, the captains of Wall Street like are telling us that they don't need to be heavily regulated -- that regulations will kill innovation and stifle consumer choice.

The Trouble with Markets

Michael J. Panzner | Posted 05.25.2011 | Business
Michael J. Panzner

In recent months, the spread between short and long-term bond yields has increased significantly, hitting record extremes. Many market-watchers believ...

Fear and Looting in America: Are We Really Out of Money?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The top 400 billionaires are sitting on a huge pile of money, while our country is going deeply into debt to fix a financial system that has contributed mightily to their enrichment.

Fear and Looting in America: Geithner Caves to Wall Street

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

We need a President's Wage Cap because the Obama administration does not want to put the screws to Wall Street's lavish compensation packages.

Auto Industry Teammates

Dan Dubno | Posted 05.25.2011 | Business
Dan Dubno

We all know that the car occupies a central position in our way of life, yet aside from adding DVD players and coffee cup holders, we've done little to integrate ideas from the rest of our society.