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Bail Outs

U.S. Bails Out Major Credit Unions

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — Federal regulators took over three key lenders to U.S. credit unions, after losses on mortgage investments threatened to topple the...

No More Ouzo

Jeff Danziger | Posted 05.25.2011 | World
Jeff Danziger

...

Washington's Bipartisan Betrayal: The 2015 Global Financial Crisis

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

The economy did not just have a heart attack; we are suffering from financial appendicitis. Instead of doing the necessary surgery, Congress is prescribing potent addictive painkillers.

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.

AIG Lesson Number Two: Get out of the TARP Tar-Pit

Charlie Cray | Posted 05.25.2011 | Business
Charlie Cray

The idea is to fix the banking system, not the banks. Those who got us into the tar-pit of securitization of course cannot get us out.

Billions for AIG to Protect the Speculative Profits of Goldman Sachs/Morgan Stanley

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

It is past time that a distinction be made between that part of AIG's business that was a "large and stable insurance company," and that part that was a "hedge fund," or better put, a casino.

Capital Strike?

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

The day will come when Obama will have no choice but to remind the giant corporations through tough government action that the U.S. is not just another one of their wholly owned subsidiaries.

Republican House Bailout Plan Is A Hidden Tax

Stephen Herrington | Posted 05.25.2011 | Home
Stephen Herrington

The Republican House plan would be a government bailout with the prospect that bank contributions would cover the costs over time. But those contributions will not come out of bank profits but will be passed on to consumers, further adding to the costs of credit.

How I Solved My Mortgage Crisis

Rick Siegel | Posted 05.25.2011 | Home
Rick Siegel

In the end my bank chose to make some money instead of demanding all the money and ending up with a loser. The country might benefit if somebody, even somebody called a regulator, went in and made every bank offer a similar solution to their customers, devaluing the profit of the loan instead of the value of the house.

Anybody Wanna Bail Out Some 401Ks?

Harry Fuller | Posted 05.25.2011 | Business
Harry Fuller

We have pauperized our nation, most especially our government. The American dollar is looking more and more like a xeroxed hand-out.

Economic Bail Out: Can the Climate Crisis and Carbon Trading Play Major Roles?

Michelle Kraus | Posted 05.25.2011 | Green
Michelle Kraus

The Administration in its swan song performance is still holding us captive to fossil fuel. This stranglehold sadly has devastated the once vibrant US...