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Bailouts

How About A Summit With The Unemployed?

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

We had bailouts and bonuses for Wall Street but letdowns and layoffs for Main Street. We had a deficit commission but no jobs commission. We have ta...

Friday Talking Points [149] -- Making Holiday Sausage

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

The holidays are just around the corner, and the preparatory legislative sausage-making on Capitol Hill is in full swing. What a happy, happy time of...

The F Word: The Big Float's a Big Scam

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

Wednesday's mammoth release of documents pertaining to the Fed's bank bail out program could well spark the most outrage, at least among those not fortunate enough to head a firm on Wall Street.

Tax Cuts Hurt My Gut

Fred Rotondaro | Posted 05.25.2011 | Politics
Fred Rotondaro

George Pataki is arguing that the rich should not be "punished for their hard work and success" and says the ultra rich stimulate the economy and create jobs. Hogwash.

WATCH Pulitzer Prize Winner: Huge Corporate Subsidies Lead To Middle Class 'Wealth Destruction'

Posted 05.25.2011 | Business

Pulitzer Prize-winning journalist David Cay Johnston says it's no accident that the middle class has been shrinking. In fact, in a recent conversatio...

The F Word: Profits, Pensions, and the Return of GM

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

Today marked the return of automaker GM to public trading on the stock market. All hail the American automakers, returning to profitability in a littl...

What Domino's Has In Common With Goldman & AIG

Kerry Trueman at Civileats.com | Posted 05.25.2011 | Food

With the logos of Goldman Sachs, Citibank, Fannie Mae, Bank of America, and AIG on display behind him, Colbert applauded Domino's "for joining the gre...

Friday Talking Points [145] -- A Democratic Epitaph

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

An interesting article caught my eye last week, but what with all the election hoopla, I haven't had a chance to write about it before now. But even ...

AIG To Repay $37 Billion In Bailout Funds

AP | STEPHEN BERNARD | Posted 05.25.2011 | Business

NEW YORK — AIG said Monday it raised nearly $37 billion from the divestment of two foreign insurance units and will use that money to repay a go...

The F Word: WikiLeaks and War Spending

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

Last week we spoke to Ethan McCord, who featured prominently in the first bombshell release from WikiLeaks. On Friday there came another massive revel...

All They Ask for Is an Unfair Advantage

Michael Winship | Posted 05.25.2011 | Politics
Michael Winship

I attended a screening this week of Alex Gibney's new documentary, Client 9. It's the story of the rise and fall of New York State Governor Eliot Spit...

Backdoor Bailout, Tea Party Fakeout: The GOP's Secret $90 Billion Gift to Wall Street

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

GOP candidates are making a point of running against "bailouts." Yet even as they rail about rescuing big banks, they're working on a plan that would slip those same banks an estimated $90 billion.

WATCH Joseph Stiglitz On Bailouts: 'Families Are As Important As Corporations'

DailyFinance | SAM GUSTIN | Posted 05.25.2011 | Business

During a wide-ranging interview with DailyFinance at AOL headquarters in New York City this week, Stiglitz, who served as chief economist of the World...

Too Big to Fail -- That's What She Said

Kristin Wilson Keppler | Posted 05.25.2011 | Comedy
Kristin Wilson Keppler

We're not suggesting these institutions actually need bailing out; we're simply suggesting that if they ever do falter, a nation's worth of parents will lose their collective Schmidt.

Big Banks Will Clean Up This Mess -- When We Demand It

George Goehl | Posted 05.25.2011 | Business
George Goehl

In the years since the nation's largest banks were bailed out by taxpayers they have shown very little in the way of thanks. They can begin demonstrating some gratitude by rebuilding what they broke.

Be First in Your Age Group to Embrace Technology

Don McNay | Posted 05.25.2011 | Technology
Don McNay

The New York Times recently had a fascinating article about a car that Google is working on that can drive itself. I want one.

Was GM-Chrysler Bailout A Blank Check?

AP | KEN THOMAS | Posted 05.25.2011 | Business

WASHINGTON — To hear President Barack Obama's account of the government's rescue of General Motors and Chrysler, you might think the Bush admini...

Bailouts Don't Work: The Lotto Winners Study

Don McNay | Posted 05.25.2011 | Business
Don McNay

You can see why bailouts fail. Wall Street and lottery winners have a common bond. They have access to easy money without restraints.

The Hangover From America's Bailout Party (VIDEO)

Don McNay | Posted 05.25.2011 | Business
Don McNay

For a decade, Wall Street was playing funny money games, and many Americans also felt like they were invited to the celebration. We were living in fantasy land, but the fantasy is over and we woke up to a nightmare.

America's Hangover From the Bailout Party

Don McNay | Posted 05.25.2011 | Books
Don McNay

I've been reading Maria Bartiromo's new book, The Weekend That Changed Wall Street. A better title might have been "The Weekend that Changed the World." It was America's chance to bottom out. We didn't.

When Wall Street Rules, We Get Wall Street Rules

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

If the financial crisis was preventable, why didn't our leaders try to stop it? Why don't they take the steps necessary now to get the economy moving again? The answer to both these questions is simple; the politicians work for someone else.

Fiscal Times Questions Elizabeth Warren's Candidacy

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

The Fiscal Times, an online newspaper funded by Blackstone co-founder and former Council of Foreign Relations chair Peter Peterson, has published two ...

Ben Bernanke: Wall Street's Servant

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

In spite of knowing exactly what needs to be done, Bernanke and the Fed show no inclination of moving in this direction. Instead, the Fed seems prepared to ignore its legal mandate to promote full employment.

Is Main Street Ready for the Second Wave of the Recession?

Don McNay | Posted 05.25.2011 | Business
Don McNay

The phrase "double-dip recession" means little to most of us. To people on Main Street, it hasn't been been a "dip". We took a drop to the bottom two years ago and stayed there.

Shahien Nasiripour

Chris Dodd, Top Democrat, Fights Against Elizabeth Warren

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

This story was updated at 4:23 p.m., 5:15 p.m. and 6:30 p.m. ET. Despite the outpouring of support for bailout watchdog Elizabeth Warren's candidac...