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Bailouts

Banking That Wall Street Will Save Us From the Tea Party and Default?

Les Leopold | Posted 10.15.2013 | Politics
Les Leopold

It's as if we've forgotten that these very same financiers not so very long ago took down the global economy with their bewildering array of fictitious financial instruments and gambling operations, many of which are still in play. Now we expect them to work in behalf of the common good?

AIG's CEO Says Criticizing AIG's Bonuses Like Lynching African Americans During Jim Crow

Dennis M. Kelleher | Posted 11.25.2013 | Business
Dennis M. Kelleher

How could anyone five years after the crash have such disgraceful beliefs? It's the predictable outcome of trillions of dollars of no strings bailouts for Wall Street with no accountability for the financial crash and Wall Street's role in causing it.

Is the U.S. Becoming the Eurozone?

Jared Bernstein | Posted 09.14.2013 | Business
Jared Bernstein

One wonders how regional bailouts would play out in today's U.S., with our far more polarized nation. I suspect at the end of the day New York would bail out Texas, but a lot more teeth would be gnashed today than in 1989.

Zach Carter

Dem Senator: Obama Is 'Wrong' On Big Banks

HuffingtonPost.com | Zach Carter | Posted 04.26.2013 | Politics

WASHINGTON -- Sen. Sherrod Brown (D-Ohio) said Thursday that President Barack Obama and the U.S. Treasury Department were "wrong" to claim that the 20...

Zach Carter

Dem On New Derivative Rules: 'This Could Come Back And Haunt You'

HuffingtonPost.com | Zach Carter | Posted 03.20.2013 | Politics

WASHINGTON -- A House Committee approved six new bills to deregulate Wall Street derivatives on Wednesday, advancing legislation that would expand tax...

Greece: How Long Until Junta?

Bill Frezza | Posted 03.30.2013 | World
Bill Frezza

Read through the stories appearing everyday in the Greek press (which you might only find buried on the back pages of American newspapers) and you will undoubtedly ask yourself: "How long will these proud people put up with such degradation?"

Who Will Carry the Water?

Tom Cooley | Posted 03.27.2013 | Business
Tom Cooley

To persuade us today that a future Treasury Secretary really will pull the plug on an insolvent US G-SIFI, the resolution scheme will have to be widely viewed as nearly foolproof -- that is, virtually free of "Lehman risk."

Occupy Wall Street: A One Year Retrospective

Benjamin Powell | Posted 12.29.2012 | Politics
Benjamin Powell

Capitalists don't make society poorer when they have to win your voluntary purchase of their products. These wealthy people are only a problem when they get government to act on their behalf.

TARP Watchdog Wants Libor Completely Out Of Bank Bailouts

The Huffington Post | Mark Gongloff | Posted 09.25.2012 | Business

The Treasury Department's bailout watchdog wants to stop using the flawed Libor rate in setting the terms of bank bailouts. Too bad she wasn't arou...

Paul Ryan's Bailout Hypocrisy

Reuters | Posted 10.19.2012 | Business

* Republican VP candidate voted for 2008 auto bailout * Ryan broke with party to try to save hometown GM plant * Spendin...

EURO PEONS

Miller Hudson | Posted 08.15.2012 | Denver
Miller Hudson

Presuming a uniformity of social circumstances and economic opportunity when they do not exist, and cannot be enforced, inevitably leads to peonage for some and riches for others.

Why Jamie Dimon Will Rebound

Rick Newman | Posted 08.14.2012 | Business
Rick Newman

By acknowledging that he screwed up, Dimon showed the kind of forthright accountability we should expect in all types of leaders. It may even make him a better CEO.

Eurozone Unemployment Rate Hits Record High

AP | Posted 08.01.2012 | Business

BRUSSELS (AP) — Unemployment across the 17 countries that use the euro stayed at 11 percent in April — the highest level since the single currency...

The Truth About the President and the Deficit

Bob Cesca | Posted 07.23.2012 | Politics
Bob Cesca

Arguably the biggest lie coming from the Republicans and the Romney campaign is that President Obama is a tax and spend liberal who's directly and personally responsible for record deficits and a crushing national debt.

Dow Jones Industrial Average Sees Fifth Straight Day Of Declines

AP | DANIEL WAGNER | Posted 07.08.2012 | Business

Political uncertainty in debt-hobbled Europe spread to financial markets Tuesday and pushed stocks lower in Europe and the United States. The Dow Jon...

European Elections Complicate Outlook

Mohamed A. El-Erian | Posted 07.06.2012 | Business
Mohamed A. El-Erian

Europe's election results sound an alarm for European integration and, consequently, the wellbeing of both the region and the global economy. Let us hope that the inevitable short-term volatility is a precursor to a more decisive effort to deal with the continent's festering problems.

Protect Taxpayers Now With a Strong Volcker Rule

Dennis M. Kelleher | Posted 04.14.2012 | Business
Dennis M. Kelleher

The argument for the Volcker Rule is obvious -- we shouldn't allow risky bets that pay enormous bonuses to bankers if they work, but stick taxpayers with the bill if they fail.

Eastwood Super Bowl Ad: Powerful, Inspirational and Dead Wrong

John Hrabe | Posted 04.13.2012 | Business
John Hrabe

The American recovery won't come from Detroit's dogged persistence. It will come from innovative computer geeks and social misfits. Instead of a pep talk, we need a lesson in computer programming.

The Party People of Wall Street

Bill Moyers | Posted 03.31.2012 | Business
Bill Moyers

A week or so ago, we read about what in the Gilded Age of the Roman Empire was known as a bacchanal -- a big blowout at which the imperial swells got together and whooped it up. This one occurred here in Manhattan at the annual black-tie dinner and induction ceremony for Kappa Beta Phi.

Markets Balance Solvency, Growth and Liquidity

Mohamed A. El-Erian | Posted 03.29.2012 | World
Mohamed A. El-Erian

The health of the global economy, and that of markets, depends on the success of a series of medium-term hand-offs between the public and private sectors -- in growth, balance sheets and credit flows.

Bankers Look To 'Recommit' To 'Safety And Soundness' At Davos

Reuters | Posted 03.27.2012 | Business

By Alexander Smith DAVOS, Jan 26 (Reuters) - Bankers feel under siege, and from the heights of Davos in the Swiss Alps they are lookin...

Break Up Bank of America Before It Breaks Us

Mary Bottari | Posted 02.20.2012 | Business
Mary Bottari

Most Americans have had it with bailouts of the big banks on Wall Street when so little has been done for Main Street.
 
Banks that are "too big to fail" are too big to exist.

A 5-Part Plan for the President to Fight the Banks "Every Inch of the Way"

Dennis M. Kelleher | Posted 02.19.2012 | Politics
Dennis M. Kelleher

It is past time for the president to let his actions speak for him and they will speak louder than any of his words. That is what the American people are waiting for. That is also what the banks, Wall Street and their allies fear most.

Neither a Quick Nor Comprehensive European Fix

Mohamed A. El-Erian | Posted 02.09.2012 | World
Mohamed A. El-Erian

European leaders still need to do a lot more, and quickly, if they are to catch up and get ahead of the crisis. Accordingly, and regrettably, the specter of volatility caused by European headlines will not recede for long.

Jason Cherkis

Occupy Activsts Help Families From Evictions As Part Of National Occupy Our Homes Action

HuffingtonPost.com | Jason Cherkis | Posted 05.21.2013 | Business

WASHINGTON -- In the late evening on Tuesday, Brigitte Walker welcomed Occupy Atlanta onto her property in an effort to save her Riverdale, Ga., home ...