Bailouts

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The Big Bailout of '08: Hindsight Is Blind

Fortune's Stanley Bing | Posted 11.24.2009 | Business

Read More: Bank of America, Bank Failures, Paulson, Bailouts, Bernanke, Recession, Michael Moore, Socialism, Dick Fuld, Capitalism, Thain, Geithner, Business News

Maybe Michael Moore's anti-capitalist screed is actually an interesting nexus where right and left converge in hatred of the system that rewards failure and lets the bad guys run the next iteration of the machine.

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Greenberg's AIG Rescue Plan Makes Him $588 Million Richer

nypost.com | Paul Tharp | Posted 11.22.2009 | Business

Read More: Financial Crisis, Aig, American International Group, Edolphus Towns, Bailouts, Hank Greenberg, Business News

Hank Greenberg's triumphant return to his beloved American International Group is nearly complete -- making him $588 million richer than he was in the...

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Restoring Trust in Our Economic System and the Institutions of Our Democracy

Bruce Judson | Posted 11.21.2009 | Business

Read More: Fcic, Wall Street, Pecora Commission, Bailouts, Tarp, Sec, Glass-Steagall, Business News

America is becoming an angry nation, with diminished faith in its institutions. There is a growing sense among all but the wealthiest Americans that "the game is rigged" against them.

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Who Will Harness The Rage?

HuffingtonPost.com | Dan Froomkin | Posted 11.18.2009 | Politics

Read More: Gop Populist Rage, Populist Rage, Tea Party, Wall Street, Bailouts, Politics News

Ever since the economy crashed and the government paid hundreds of billions of dollars to bail out the fat-cats who were responsible, a populist rage ...

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2010 Election: Trouble Brewing For House Democrats

AP | BETH FOUHY | Posted 11.13.2009 | Politics

Read More: Congress, Approval Ratings, House Democrats, Bailouts, Election 2010, Health Care Reform, Gop, Obama, Majority, Minority, Politics News

NEW YORK — Despite sweeping Democratic successes in the past two national elections, continuing job losses and President Barack Obama's slipping...

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Today Is the Day to Cut Up Your Credit Cards

Don McNay | Posted 09.24.2009 | Business

Read More: Household Finance, Main Street and Wall Street, Chartered Financial Consultant, Banking Collapse, Bailouts, Card Balance, Cnbc, Maria Bartiromo, Injured People, Steve Wynn, Lexington KY, Lottery Winners, Second Mortgages, McNay Settlement Group, Trial Lawyers, Son of a Gambler, Big Brother, Consumer Loans, Gretchen Peters, Bookmaking, Furniture Loans, Andrew Kahr, Mgm, Joe Nocera, MGM Mirage, New York, Fox Business News, Las Vegas, Clu, Dave Ramsey, Louisville, Million Dollar Round Table, India, Credit Card, Sports Betting, A Piece of the Action, Lake Tahoe, Small Business, Credit Card Data, Certified Structured Settlement Consultant, Main Street, Federal Reserve, South Dakota, Bank Products, Christina Binkley, Cincinnati, Betting, Financial Crisis, American College, Personal Finance, Casinos, Msfs, Structured Settlement, Pay Off the Balance, Chfc, Federal Reserve Study of Consumer Finance, Car Loans, Kentucky, Don McNay, Chartered LIfe Underwriter, First Deposit Corporation, Reno, Structured Settlements, Business Books, Cnn, Credit Cards, Subprime Mortgages, Small Town Banks, Vanderbilt University, Bank Bailouts, New York Banks, Eastern Kentucky University, Fox News, New York Times, Harrah's, New York Times Columnists, Cssc, Richmond Ky, Odds Makers, Too Big to Fail, Winner Takes All, Harrahs, Providian, Business News

When three people who know about money go to the extreme of not owning any credit cards, others might want to take note.

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GM: Sell Cars Like Dell Sells Computers

Diane Francis | Posted 09.12.2009 | Business

Read More: Dealerships, Cars, General Motors, Ebay, Bailouts, Car Sales, Auto Industry Reform, Auto Industry, Business News

General Motors is teaming up with eBay to sell its inventory of new cars online. This could be, if it works, the new new business model for vehicles.

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Business Leaders Surprised By Wide Access To Obama

BusinessWeek | Posted 08.31.2009 | Politics

Read More: Bailouts, President Obama, Obama Administration, Larry Summers, Obama, Honeywell, Business, Obama Health Care, White House, General Electric, Barack Obama, Business Leaders, Rahm Emanuel, Valerie Jarrett, Timothy Geithner, Transparency, Politics News

Business leaders also agree they have had surprisingly wide access to the President and his top advisers. Some even say the doors are more open than t...

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Fannie Mae, Freddie Mac Unlikely To Return Bailout Money

Washington Post | Zachary A. Goldfarb | Posted 08.31.2009 | Business

Read More: Freddie Mac, Finance, Bank Bailouts, Economy, Fannie Mae, Bailouts, Business News

The regulator of Fannie Mae and Freddie Mac said it was unlikely that the federal government would ever be paid back the entire $85 billion spent so f...

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Bernanke: "I Had To Hold My Nose" Over Bailouts

AP | JEANNINE AVERSA | Posted 08.26.2009 | Business

Read More: Financial Bailouts, Ben Bernanke Bailouts, Ben Bernanke, Bailouts, Business News

WASHINGTON — Federal Reserve Chairman Ben Bernanke said Sunday that he had to "hold my nose" over last year's taxpayer-financed bailouts of big ...

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The GS-Files 2: Stuffing the Taxpayer

Nathan Lewis | Posted 08.23.2009 | Politics

Read More: AIG Bailout, Goldman Sachs, Bank Bailout, Goldman Sachs Profits, Bailouts, Politics News

Right from the beginning, there was a coordinated effort to allow the Goldman types to dump their mistakes on someone else.

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Playing the Hand that Life Deals You

Don McNay | Posted 08.22.2009 | Living

Read More: Children, Main Street and Wall Street, Handicapped Children, Chartered Financial Consultant, Bailouts, Poker, Trial Magazine, Northern Kentucky, Gambling, Goldman Sachs, Car Financing, Bailout, Richmond Ky, Trial Lawyers, McNay Settlement Group, Brian Injured Babies, Tennessee Trial Lawyers, Grandparents, Joe McNay, Fox Business News, Clu, Goldman Sachs Bonuses, Son of a Son of a Gambler, Million Dollar Round Table, Chartered LIfe Underwriter, Wall Street Bonuses, Washington, Positive Attitude, Main Street, Obama, Drugs, Special Needs Children, Cincinnati, Teen Pregnancy, Financial Crisis, Substance Abuse, American College, Personal Finance, Blackjack, Kentucky Trial Lawyers, Professional Gambler, Structured Settlement, Msfs, Twitter, Chfc, Kentucky, Don McNay, Sub Prime Mortgages, Parenting, Facebook, Structured Settlements, Federal Bailouts, Credit Cards, American Association for Justice, Wall Street Crisis, Wall Street, Vanderbilt University, Financial Consultant, Natalie Merchant, Casino, Brain Injury, Eastern Kentucky University, Certified Structured Settlement Consultant, Newport Ky, Cbnc, Living News

I've dealt with hundreds of parents of special needs children. They take the hand that is dealt to them. And usually turn that hand into aces.

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Opposition to Obama Health Care Reform Driven by Racism Not Fear of Increasing Debt

Ray Hanania | Posted 08.22.2009 | Politics

Read More: US Supreme Court, Debt, Trillions, George W. Bush, Bailouts, People in Need, Health Industry, Banking Industry, Barack Obama, Insurance, Health Care Reform, Racism, Poor, Bush Election, Bigotry, Minorities, Politics News

Although the Republicans and "Blue Dog" conservative Democrats claimed they oppose Obama's health care plan because it would increase the nation's debt, the real reason is driven by racism.

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Obama's Economy

Michael Likosky | Posted 08.20.2009 | Business

If the TARP banks are to be a main investment vehicle for the next stage of recovery -- as they should be, it is after all our money not theirs -- it is heartening to have Obama at the helm.

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Goldman Sacks and Plunders

Diane Francis | Posted 08.17.2009 | Business

Read More: Goldman Sachs, Greed, Bankruptcies, Lehman Brothers, Bailouts, Henry Paulson, Aig, Financial Crisis, Henry Paulson Wall Street, Tarp, Financial Meltdown, Bush, Business News

Goldman Sachs cannot argue that the proceeds it received from the AIG rescue did not constitute an indirect bailout any more than can auto parts makers who are saved by Detroit's bailout.

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A Fashion Foreign Policy

Michael Likosky | Posted 08.12.2009 | Business

Read More: Auto Industry, Sporting Goods, Vivienne Westwood, Punk Rock, How Luxury Lost Its Luster, Bailouts, President Obama, Target, Globalization, California, Paris, Bernard Arnault, Luxury, Fashion Foreign Policy, Foreign Commercial Policy, Guilds, Trade Agreements, Rules of Origin, What Not to Wear, Export-Import Bank, Bailing Out Luxury, Carla Behrle, Loomstate, Private Equity, Artisans, America's Next Model, Nafta, Jennie Livingston, Outsourcing, Labor, Paris Is Burning, Worker Rights, Overseas Private Investment Corporation, LVMH Moet Hennessy, Dana Thomas, Culture Industry, Wto, Business News

To protect American workers, in the luxury sector and elsewhere, our government trade negotiators should revisit outsourcing rules.

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Scott Moore's Bailout Art (PHOTO)

Posted 08.12.2009 | Business

Read More: Scott Moore Bailout Art, Art, Bailout Art, Bailouts, Scott Moore, Painting, Business News

Via The Big Picture comes the interesting artwork of Scott Moore. One of Moore's most recent projects has been depicting the financial crisis and res...

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It's Art's Time

Steven Weber | Posted 07.09.2009 | Style

Read More: Art, Arts Education, Bailouts, Style News

Officially marginalized in our schools and practically vestigial in the anatomy of our systems of education and business, art -- its creation and enjoyment -- is in need of rediscovery.

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Fantasies of Green Shoots

Robert Kuttner | Posted 07.08.2009 | Business

Read More: Banking Crisis, Subprime Mortgages, Housing Crisis, Lobbyists, Barack Obama, Economy, Bailouts, Economic Crisis, Business News

There is a huge reality gap between the happy talk about green shoots, banks passing stress tests, the rise in unemployment slowing -- and what's happening out in the real economy.

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Chrysler & GM: What Happens if Your Car Blows Up?

Don McNay | Posted 07.04.2009 | Business

Read More: Injury Victims, Trial Lawyers, Ford Pinto, American Bar Association, Uaw, Toyota, Bankruptcy, Tort Reform, Chrysler, GM Bankruptcy, Honda, Bailouts, Kentucky, Don McNay, Ford, Buick, Structured Settlements, American Association for Justice, Insurance, General Motors, Product Liability, Richmond Ky, Hyundai, Traumatic Brain Injury, Lexington KY, Aaa, Detroit Bailout, Detroit, Aaj, Personal Responsibility, Auto Bailout, Personal Finance, Business News

I know I'll never forget that horrible sight, I guess I found out for myself that everyone was right. Won't come back from Dead Man's Curve. -Jan a...

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The World's Best Investment: The Global Fund

Josh Ruxin | Posted 07.02.2009 | World

Read More: HIV/AIDS, Investing, Economy, Health, Global Fund, Bailouts, Africa, Malaria, Financial Crisis, Tuberculosis, Barack Obama, World News

The Global Fund is facing a funding shortfall of about $2 billion; a paltry sum in view of US financial bailouts, but resources that, if made available, will save millions of lives.

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CNBC Has Become The Gong Show

Don McNay | Posted 06.21.2009 | Business

As a (former) daily viewer, I understood the network's biases but never cared as it usually gave me good information. Now, all they do is yell at me.

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BingCo. Announces Plan to Pay Back Debt (By Issuing More Debt)

Fortune's Stanley Bing | Posted 06.19.2009 | Business

Read More: Debt, Bing, Wall Street, Goldman Sachs Paying Back TARP, Equity, Bailouts, New York-New York, Business News

I plan to sell an undesignated amount of stock in my formerly privately held BingCo., and also plan a note sale to help repay funds I have borrowed from various sources.

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They Distributed Loss Reserves as Bonuses, so We Pay the Losses as Bailouts

Dave Johnson | Posted 06.18.2009 | Business

Read More: Aig, Tarp, Bailouts, Business News

The money from selling these credit default swaps was supposed to be set aside as reserves to cover potential losses, but was instead handed out as profits and bonuses.

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Good News for the Surprisingly Not Very Stressed

Fortune's Stanley Bing | Posted 06.08.2009 | Business

Read More: Bank Failures, Bailouts, Bank Stress Tests, Stress Tests, Business News

The majority of our banks have flunked their stress tests. Are we worried? Not at all. Because while they are stressed, they are not stressed as badly as we might have feared.

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