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Bailout Plan

Lame Excuses for AIG Bonuses

Amitai Etzioni | Posted 04.16.2009 | Business

Read More: Aig, Bailout Plan, Executive Bonuses, Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Business News
Amitai Etzioni

Public morality falls to a new low-level when outrageous acts are revealed but rather than being soon corrected -- they are excused.

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Bailout Banks Survival Guide: Rating The Top 12 Banks

MoneyMorning.com | Martin Hutchinson | Posted 03.23.2009 | Business

Read More: Wall Street Bailout, Government Bailout, Bailout, Bank of America, Banks, Banking Crisis, Bailout Plan, Bank Bailout, Business News

We listed the 12 largest U.S. banks by assets, as of Dec. 31, ignoring foreign-owned banks, Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS) (tho...

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The Simplest Plan For Helping Homeowners

Henryk A. Kowalczyk | Posted 03.22.2009 | Business

Read More: Mortgage, Business News Bailout, Geithner Bank Bailout, President Obama, Defunct Mortgages, Recession, Bailout, Business, Bailout Plan, Obama Stimulus, Home Foreclosures, Politics News, Economic Stimulus Package, Wall Street, Bank Bailout, Stimulus Package, Foreclosures, Homeowners, Geithner Bailout, Capitalism, Treasury Secretary, Financial Crisis, Housing Crisis, Foreclosure, Business News
Henryk A. Kowalczyk

By offering short-term loans, the government would be using taxpayer money wisely to stimulate banks to reform their lending practices.

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Obama's Economic Paradox: Can You Have "Bailout" and "Stimulus" at the Same Time?

Randall Amster | Posted 03.18.2009 | Politics

Read More: Free Market Capitalism, Obama Stimulus, Titanic, Obama Administration, Bailout Plan, Subsidies, Capitalism, Stimulus Plan, Obama Stimulus Plan, Economic Stimulus Package, Bailout, Stimulus Package, Tax Cuts, Hurricane Katrina, Green Economy, Free Market, Stimulus Bill, Business, Financial Crisis, Politics News
Randall Amster

Perhaps the centerpiece of the current bill (at least for people's pockets in the short-term) is an actual weekly paycheck bump to the tune of about eight bucks.

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Bank Bailout's Private Money Aid

New York Times | FLOYD NORRIS | Posted 03.12.2009 | Business

Read More: Hedge Funds Bailout, Wall Street Bailout, Economy, Private Equity Bailout, Financial Crisis, Banking Crisis, Banks, Global Financial Crisis, Bailout Plan, Bank Bailout, Business News

Wall Street helped produce the global financial and economic crisis. Now, as the Obama administration prepares to unveil a revised bailout plan for th...

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Obama: CEOs Must Stop "Draining" Bailout Funds (VIDEO)

Huffington Post | Nicholas Sabloff | Posted 03.03.2009 | Politics

Read More: Obama Bailout, CEO Pay, Wall Street Bonuses, Bailout Plan, Barack Obama, Politics News

Obama continued his criticisms of Wall Street bonuses in his weekly address Saturday following his strong comments this week about the amount of money...

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Citigroup And The Credit Card

Christopher Brauchli | Posted 02.15.2009 | Business

Read More: Bailout Plan, Citigroup Stock, Credit Crisis, Credit Card Debt, Citigroup Bailout, Citibank, Interest Rates, Citigroup Customers, Citigroup Interest Rates, John Stumpf, Vikram Pandit Citigroup, Vikram Pandit, Credit Card Interest Rates, CEO Bonuses, Financial Crisis, Citigroup Credit Card, Winfried F. W. Bischoff, Business News
Christopher Brauchli

As credit card holders who carry unpaid balances know, most credit card companies reserve the right to raise interest rates at most any time for most any reason.

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Let Them Eat Hummers

Scott Thill | Posted 01.04.2009 | Business

Read More: Economy, Big Three Automakers, Peak Oil, Big Oil, Suv, Detroit, Oil, Bailout Plan, Climate Change, Hummer, Auto Industry, Global Warming, Business News
Scott Thill

For years, we have been exporting pollution and excess to the rest of the world, in the form of gas hogs that don't work, suck up cash and destroy the environment.

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Bailout Monitor Sees Lack of A Coherent Plan

New York Times | DIANA B. HENRIQUES | Posted 01.02.2009 | Business

Read More: Financial Crisis, Bailout Plan, Bailout, Finance, Economy, Business News

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...

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Treasury Lacks Management, Control, Say Auditors

Wall Street Journal | MICHAEL R. CRITTENDEN | Posted 01.02.2009 | Business

Read More: Bailout Oversight, Neel Kashkari, Bailout, Finance, Economy, Oversight, Financial Crisis, Bailout Plan, Business News

WASHINGTON -- The Treasury Department has failed to address a number of critical issues while implementing the $700 billion financial rescue plan, inc...

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Paulson Says Other Rescue Programs Being Examined

AP | MARTIN CRUTSINGER | Posted 01.01.2009 | Business

Read More: Bailout, Finance, Economy, Henry Paulson, Financial Crisis, Bailout Plan, Tarp, Business News

WASHINGTON — Treasury Secretary Henry Paulson said Monday that the administration is looking for more ways to tap a $700 billion financial rescu...

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Analyst Argues JP Morgan Chase Might Need More Money Than Citigroup

Silicon Alley Insider | John Carney | Posted 12.26.2008 | Business

Read More: JP Morgan Chase, Citigroup, Bailout, Finance, Citigroup Bailout, Economy, Financial Crisis, Banks, Bailout Plan, JP Morgan Chase Bailout, Business News

Market fear reached such a high last week that JP Morgan CEO Jamie Dimon found he could not get on a plane to Saudi Arabia without arousing suspicions...

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Memo to Automakers Wagoner, Mulally & Nardelli: Fire Your PR People

Pam Atherton | Posted 12.25.2008 | Business

Read More: Public Relations, Big Three Automakers, ABC News, Automakers Bailout, Brian Ross, Private Jet, Robert Nardelli, Alan Mulally, Richard Wagoner, Cars, US News & World Report, Bailout Plan, Rick Newman, The Big 3, Business News
Pam Atherton

How these three CEO's have acted is a classic teachable moment. They've practically written the curriculum for the class on how to alienate the American public by their actions.

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Mounting A Surge in the War Against Foreclosure Predators

Mark Winston Griffith | Posted 12.25.2008 | Business

Read More: Foreclosures, Bailout Plan, Subprime Mortgages, Sheila Bair, Economy, Subprime Mortgage Crisis, Home Foreclosures, Business News
Mark Winston Griffith

While there is room for improvement among nonprofits doing foreclosure prevention, this observation made by the Times is like blaming the troops in Iraq for not policing enough territory.

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Government plans massive Citigroup rescue effort

AP | JEANNINE AVERSA | Posted 12.25.2008 | Business

Read More: Fdic, Treasury Department, Citigroup, Bailout Citigroup Bailout, Finance, Economy, Financial Crisis, Federal Reserve, Banks, Bailout Plan, Bailout Bandits, Business News

WASHINGTON — Rushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken b...

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Neel Kashkari's Stock Plummeting Like the Dow Jones

Disgrasian | Posted 12.24.2008 | Media

Read More: Elijah Cummings, Treasury Department, Wall Street Bailout, People Sexiest Man Alive, People Magazine, Bailout Plan, Neel Kashkari Q&A, Neel Kashkari Chump, Henry Paulson Plan, Neel Kashkari, Neel Kashkari Bailout, Bailout, Guru, Paulson Bailout, Financial Crisis, Bailout Guru, Henry Paulson, Gurus, Sexiest Man Alive, Us Treasury, Treasury Secretary, Media News
Disgrasian

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

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Planes, Pains And Automobiles

Dwayne Raymond | Posted 12.20.2008 | Business

Read More: Detroit Automakers, Politics, Bankruptcy, America, Dignity, Mitt Romney, Financial Crisis, Bailout Plan, Big Three Automakers, United Auto Workers, Detroit Bailout, Ford, Detroit Three, Automakers, Bailout, Cars, Detroit Bailout Reaction, Gm, Chysler, Automaker Bailout, The Big 3, Auto Industry, Detroit, Business News
Dwayne Raymond

These overpaid, egomaniacal "players" should heed Romney's counsel and start playing sensibly, like honorable men. And their first ante in this new game should be their own prompt resignation.

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Kicking the Wall Street Habit

The Media Consortium | Posted 12.12.2008 | Business

Read More: Recession, Obama, Real Estate, Wall Street, Economy, Tmc, Barack Obama Economy, Bailout Plan, President Elect Obama, Alan Greenspan, Business News
The Media Consortium

Barack Obama faces a choice between feeding the political sphere's Wall Street addiction and investing in economic progress.

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Running Rescue Totals, Sorted By Bank

ProPublica | Posted 12.07.2008 | Business

Read More: How Much Have Banks Received, Bailout, Economy, Bank Bailout Totals, Henry Paulson, Financial Crisis, Bailout Plan, Bank Bailout, Business News

ProPublica has been keeping track of the numbers, in millions, of dollars doled out by the government to troubled banks. The list doesn't include all ...

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Barney Frank: Banks "Distorting" Government Bailout Plan

AP | JOHN DUNBAR | Posted 12.01.2008 | Business

Read More: Barney Frank, Barney Frank Banks, Barney Frank Bailout Plan, Bailout Plan, Bailout, Bailout Banks, Business News

WASHINGTON — The chairman of the House Financial Service Committee accused financial institutions on Friday of "distorting" the government's $70...

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William Greider Predicted Crisis, Says It's Time To Face Problems

WWD | Jacob Bernstein | Posted 12.01.2008 | Business

Read More: Financial Crisis, Bailout Plan, William Grieder, Bailout, Finance, Economy, Bill Grieder, Business News

Whenever the economy comes crashing down, journalists try to figure out what went wrong, and their first target is frequently each other. Two weeks ag...

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Big Banker: Government Needs To Quit Helping Big Banks

New York Times | Joe Nocera | Posted 12.01.2008 | Business

Read More: Bailout, Finance, Economy, Banks, Financial Crisis, Bailout Plan, Business News

And let's not hear another word about how government control is somehow a move towards socialism. Tough times requires touch choices and difficult dec...

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Banks Start Promising Kashkari They Will Make Loans

Clusterstock | Henry Blodget | Posted 12.01.2008 | Business

Read More: Deleveraging the Economy, Bailout, Finance, Economy, Bailout Loans, Financial Crisis, Banks, Personal Finance, Bailout Plan, Gdp, Leverage, Business News

More importantly, the WSJ gets at the real problem here. In addition to running on fumes and fearing for their own futures, the banks aren't lending b...

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Letter From Rep. Waxman To Banks Questions Ethics Of Using Taxpayer Funds For Bonuses

Posted 11.30.2008 | Business

Read More: Vikram Pandit, Bailout Letter, Bailout, Finance, Economy, Bailout Bonus Letter, Waxman Bonus Letter, Banks, October 28 Waxman Letter, Bailout Plan, Henry Waxman, Bailout Bonuses, Business News

Below is the text of a letter sent on October 28, 2008 from Rep. Henry Waxman, chairman of the Committee on Oversight and Government Reform, to the he...

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First batch of bailout money for banks moving soon

AP | MARTIN CRUTSINGER | Posted 11.27.2008 | Business

Read More: Treasury Department, Bailout, Finance, SunTrust Banks, Capital One Financial, Economy, Federal Reserve, Henry Paulson, Banks, Financial Crisis, Bailout Plan, Business News

WASHINGTON — The government prepared Monday to move the first batch of bailout money to banks as fretful world markets plunged again. Wall Stree...

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