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Bank Bailout

Contrary to "Progressive Belief," Obama Has Not Departed From his Campaign Rhetoric

Rich Rubino | Posted 09.08.2014 | Politics
Rich Rubino

The failure to comprehend what Obama actually campaigned on is now leading to righteous anger by Progressives. However, the facts show that Obama's presidency is no great departure from the way in which he presented himself while campaigning for the Presidency.

Bailout Economics: Predators Still Fattening on Prey

Janet Tavakoli | Posted 08.17.2014 | Business
Janet Tavakoli

Since the financial meltdown, the people who created the crisis have taken advantage of it and achieved "big things" -- especially big profits and bonuses.

Zach Carter

Larry Summers Just Contradicted Tim Geithner On Obama's Foreclosure Mess

HuffingtonPost.com | Zach Carter | Posted 06.10.2014 | Politics

Larry Summers and Timothy Geithner are clearly not on the same page about that foreclosure crisis they inherited in 2009. The two former Obama admi...

Adriana Usero

Oh, Now Darrell Issa's Angry About Bonuses, But ...

HuffingtonPost.com | Adriana Usero | Posted 04.30.2014 | Politics

WASHINGTON -- Last week, House Oversight and Government Reform Committee Chairman Darrell Issa (R-Calif.) took issue with the IRS for paying bonuses t...

'Too Big To Fail' Is Still Alive And Well

Reuters | Mike Dolan | Posted 04.02.2014 | Business

LONDON (Reuters) - Five years after Lehman Brothers' seismic bust and just two years after euro member Greece defaulted, the concept of being too big ...

Zach Carter

Key Republican Rips Income Inequality, Calls For New Stimulus

HuffingtonPost.com | Zach Carter | Posted 01.25.2014 | Politics

WASHINGTON -- Former FDIC Chair Sheila Bair sharply criticized Congress for failing to approve economic stimulus measures, saying elected lawmakers wh...

Zach Carter

Third Of Richest CEOs Were Getting Paid Taxpayer Dollars

HuffingtonPost.com | Zach Carter | Posted 08.28.2013 | Politics

WASHINGTON -- More than one-third of the nation's highest-paid CEOs from the past two decades led companies that were subsidized by American taxpayers...

Jason Linkins

Elected Legislators Continue To Occasionally Assist Bank Lobbyists In Drafting Legislation

HuffingtonPost.com | Jason Linkins | Posted 05.24.2013 | Politics

Ever since the taxpayer bailout allowed Wall Street banks to procure an army of shiny new lobbyists, it's been generally understood that said lobbyist...

Zach Carter

House Dems Embrace Wall Street Deregulation

HuffingtonPost.com | Zach Carter | Posted 05.08.2013 | Politics

WASHINGTON -- Just one day after Treasury Secretary Jack Lew wrote a letter urging lawmakers to reject a slate of Wall Street deregulation measures, n...

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...

Jason Linkins

Brooksley Born Said A Bunch Of Stuff That Actually Made A Lot Of Sense

HuffingtonPost.com | Jason Linkins | Posted 04.08.2013 | Politics

In a landmark event that went largely unremarked upon by cable news providers and newspaper front pages, someone in Washington, D.C., spent time sayin...

Senator Targets 'Too Big To Jail' Banks

The Huffington Post | Chelsea Kiene | Posted 03.28.2013 | Politics

Sen. Bernie Sanders (I-Vt.) is preparing to introduce legislation that would break up the notorious “too big to fail” banks, The Hill reported Wed...

What Would Jesus Do? Jail the Bankers!

Carl Gibson | Posted 03.27.2013 | Politics
Carl Gibson

As Elizabeth Warren showed the world, the government officials trusted with the job of arresting bankers and bringing them to trial haven't done it and won't do it. So if you ask yourself, "What Would Jesus Do?", the answer is clear.

Cyprus Has the Global Money Elite's Fingerprints All Over It

Richard (RJ) Eskow | Posted 05.26.2013 | Politics
Richard (RJ) Eskow

The debacle in Cyprus is far from over, but it's already taught us some very important lessons. We've seen, for example, that the world's financial leaders insist on clinging to the principles of austerity economics even after they've failed over and over again.

CEO's Pay Rises In Face Of Strict New Rules

Reuters | Posted 05.22.2013 | Business

* Pay for Brady Dougan up one third to 7.77 mln Sfr * Robert Shafir is top earner with 10.59 mln Sfr * Chairman Rohner s...

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...

Think the Cyprus Bailout Is Bad? You Have It Worse.

Quora | Posted 05.18.2013 | World
Quora

This post originally appeared on Quora. Answer by Nate Anderson, Co-founder at ClaritySpring and Director at Tangent Capital An angry Cypriot men...

Cyprus Bank Panic: It Can't Happen Here -- Can It?

Richard (RJ) Eskow | Posted 05.18.2013 | Politics
Richard (RJ) Eskow

A Cyprus-like incursion on people's savings seems unlikely here.  But if the past several years have taught us anything, it's to "never say never."

LOOK: Nervous Depositors Rush To Get Money Out Of Bank Before Huge Tax Increase

AP | MENELAOS HADJICOSTIS | Posted 05.16.2013 | Business

NICOSIA, Cyprus — Cyprus' president said Saturday that the decision to force bank depositors to share the burden of a (EURO)10 billion ($13 bill...

Take Shelter From the Cuts on Tax Day

Carl Gibson | Posted 05.12.2013 | Politics
Carl Gibson

Here's a pop quiz for Congress: If you cut food assistance for needy families by $333 million, and allow corporations to dodge $183 billion in federal taxes in the same year, how much did you end up reducing the deficit?

When Good Things Happen to Bad People

Jerry Ashton | Posted 05.08.2013 | New York
Jerry Ashton

As our government of the richest and mightiest country in the world is incapable of effecting retribution, we can only implore the divinity: please see to it that really bad things happen to these really bad people.

There's Hay in the Barn, But We're Not Feeding the Horses

Carl Gibson | Posted 05.05.2013 | Politics
Carl Gibson

The sequester is simply more proof that our government is putting bank bailouts, military contracts and corporate tax loopholes above the needs of their constituents. And it will only get worse until we throw them out.

3 Cents Of Every Tax Dollar Go To The Banks

Bloomberg View | The Editors | Posted 02.21.2013 | Business

BLOOMBERG VIEW On television, in interviews and in meetings with investors, executives of the biggest U.S. banks -- notably JPMorgan Chase & Co. Ch...

The Enemy of My Banker Is My Friend

Jerry Ashton | Posted 04.23.2013 | Politics
Jerry Ashton

From the look of things, entering its "terrible twos," OWS is still working through a learning curve on this. If it doesn't manage to find common ground with other activists, this may be a cautionary tale for protests groups in the U.S. and throughout the world.

Shame on You, Goldman Sachs. Now Here's Your Bonus

Robert Scheer | Posted 04.02.2013 | Business
Robert Scheer

In the end, it doesn't matter whether these folks are Democrats or Republicans, nor whether they are operating at the highest levels of government or banking -- they take care of their own.