Bank Bailout

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Absolute Corruption Is the Rule in America

David A. Love | Posted 11.09.2009 | Politics

Read More: Treasury Department, Capitalism, Wall Street, Blue Dogs, Health Care Reform, Max Baucus, Bernard Madoff, Joe Lieberman, Health Care, Healthcare, Blue Dog Democrats, Corruption, Citibank, Bank Bailout, Stock Market, Corporations, Banking Crisis, Sec, Corporate Greed, Citigroup, Regulation, Madoff Ponzi Scheme, Ponzi Scheme, Deregulation, New York, Criminal Justice System, Glass-Steagall, Politics News

Often, people will look at a high-profile example of corruption, and conclude that the egregious act is an exception to the rule. In reality, it might be the tip of the iceberg.

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Ally Bank: Is GMAC's Rebranded Bank Using Bailout To Offer High-Interest CDs?

AP | CANDICE CHOI | Posted 11.09.2009 | Business

Read More: Interest Rates, Fdic, Ally Bank, Cds, Banks, Bank Bailout, Gmac, American Bankers Association, Business News

NEW YORK — Its TV and print ads poke fun at the bait-and-switch tactics of other banks. Its interest rates on CDs have been the most generous in the...

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One Year After

Thomas Croft | Posted 11.04.2009 | Business

Read More: Economic Recovery, Ecnomic Reform, One Year Anniversary, Barack Obama, Obama Inauguration, President Obama, Bank Bailout, Health Care, Election, Business News

President Obama: You've helped the bank barons. Now help everyday Americans -- fight to save their homes, help them through hard times, make their lives and that of their families easier.

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Obama Year One: The Public Is A Trust, Not An Option

Dan Siegel | Posted 11.03.2009 | Politics

Read More: By the People, Congress, Public Option, Wall Street, Rahm Emanuel, Afghanistan, Hbo, One Year Later, President Obama, Obama Administration, Main Street, Timothy Geithner, Bank Bailout, Obama Health Care, Barack Obama, Politics News

One year since an historic election, where the Obama administration has fallen short in our hopes for a truly new direction, one finds the central conflict to be between public good and private gain.

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Bust Up the Banks Before it's Too Late

Diane Francis | Posted 10.27.2009 | Business

Read More: Goldman Sachs, Goldman Sachs Bonuses, Banks, Banking Crisis, Bonuses, Bank Bailout, Bank Bonuses, Wall Street Bonuses, Glass-Steagall, Banking-Crisis, Business News

The world's concentrated financial sector has been grabbing more than its fair share of wealth. We desperately needs Glass-Steagall on steroids.

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Mark Fisher On Morning Meeting: Taxpayers Need To Get "Their Pound Of Flesh" From Bailout Banks

HuffingtonPost.com | Jason Linkins | Posted 10.26.2009 | Business

Read More: Video, Wall Street Bailout, Bailout, Financial Crisis, Dylan Ratigan, Mark Fisher, Bank Bailout, Too Big to Fail, Business News

On today's Morning Meeting, Dylan Ratigan took on the issue of bailouts for the few banks anointed as "too big to fail" with Mark Fisher, founder of M...

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Citigroup Taxpayer Ownership Doesn't Prevent Lobbying

Bloomberg.com | Jonathan D. Salant and Lizzie O’Leary | Posted 10.23.2009 | Business

Read More: Citigroup Tarp, Tarp, Congress, Bailout, Consumer Protections, Lobbyists, President Obama, Bank Lobbyists, Bank Bailout, Lobbyblog, Citigroup Lobyists, Citigroup, Business News

Citigroup Inc., which has yet to repay $45 billion in federal assistance, has more lobbyists than any other company who registered to try to shape leg...

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Government Aid Fueled Surge On Wall Street

New York Times | GRAHAM BOWLEY | Posted 10.16.2009 | Business

Read More: JP Morgan Chase, Banks, Goldman Sachs, Bank Bailout, Bailout, Wall Street, Business News

It may come as a surprise that one of the most powerful forces driving the resurgence on Wall Street is not the banks but Washington. Many of the step...

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JPMorgan Chase: Tales of Foreclosures, Trusts And Incompetence

Christopher Brauchli | Posted 10.15.2009 | Business

Read More: Foreclosures, Banks, JPMorgan Chase, Workout, Bank Bailout, Home Foreclosures, Business News

JPMorgan Chase is a Big Bank. Us common people just don't understand the challenges that Big Banks face. If we did, we wouldn't expect them to care about us or our financial problems.

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Will Obama Save America From Capitalism?

David A. Love | Posted 10.15.2009 | Politics

Read More: Wall Street Bailout, Capitalism: A Love Story, Wall Street Crisis, Capitalism, Michael Moore, Economic Stimulus Package, Economic Crisis, Business News, Financial Crisis, Timothy Geithner, Tarp, Elizabeth Warren, Joseph Stiglitz, Citibank, Paul Krugman, Simon Johnson, Plutonomy, Bill Moyers, Citigroup, Income Inequality, Larry Summers, Wealth, Consumer Protection, Banking Crisis, Banks, Bank Bailout, Foreclosure, Health Care, Mortgage Crisis, Politics News

American-style capitalism is the system that gives you pilots buying groceries with food stamps and sheriffs throwing families out of their homes. President Obama, it's time for a "new" New Deal.

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Reviving the Local Economy With Publicly-Owned Banks

Ellen Brown | Posted 10.17.2009 | Business

Read More: Florida, Deflation, Wall Street, Inflation, Derivatives, Banks, Federal Reserve, Credit Crunch, Bank Bailout, Business News

Despite trillions of dollars in bailout money, bank loans fell to their lowest rate since the onset of the Great Depression. Now that the Fed has done all they can, is it time for the states to step in?

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Won't You Please Come to Chicago?

Dean Baker | Posted 10.12.2009 | Business

Read More: Wall Street, Bank Bailout, US Economy, Foreclosure, Unemployment, Showdown in Chicago, Business News

The bankers wrecked the economy with their greed, ran off with taxpayer dollars in a massive bailout, and now plan to raise taxes for the rest of us. If that picture doesn't sound quite right, then go to Chicago.

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Small Banks Failing As Big Banks Grow Stronger

nytimes.com | ERIC DASH | Posted 10.10.2009 | Business

Read More: Fdic, Banks Fail, Bank Failures, Too Big to Fail, Federal Deposit Insurance Corp, Bailout, Bank Bailout, Small Banks, Business News

A year after Washington rescued the banks considered too big to fail, the ones deemed too small to save are approaching a grim milestone: the 100th ba...

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The Recovery: Can You Feel It Yet?

Dean Baker | Posted 10.05.2009 | Business

Read More: Banking Crisis, Bank Bailout, Stimulus, Economic Recession, Economic Recovery, Alan Greenspan, Business News

We all know that the economy is recovering. The stock market is up by more than 50 percent from its March lows and banks are reporting strong profits. Everything is bright and sunny again, unless you have to work for a living.

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Bank Of America: Another Customer Gets Bank's Attention Via YouTube (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 09.30.2009 | Business

Read More: Housing Market, Debtors Revolt, Bank of America, Youtube, Credit Crunch, Bank Bailout, Customer Service, Business News

Darren Bryant of Pensacola, Fla. spent hours in what he calls Bank of America's "phone maze," getting bounced from person to person, never reaching so...

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HuffPost Review - Capitalism: A Love Story (2009)

Scott Mendelson | Posted 09.24.2009 | Entertainment

Read More: Tarp, Bill Clinton, Ronald Reagan, Reviews, Michael Moore, Scott Mendelson, George W. Bush, Propaganda, Documentary, Chris Dodd, Capitalism: A Love Story, Bank Bailout, News, Barack Obama, Movies, Entertainment News

For the first time that I can remember, a Michael Moore documentary/propaganda piece is less about the subject at hand and more about Michael Moore himself.

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FDIC Stood Idly As Greeley's New Frontier Bank Took On Bad Assets

Bloomberg | James Sterngold | Posted 09.23.2009 | Denver

Read More: Fdic, Banking Crisis, Colorado, Greeley Colorado, New Frontier Bank, Bank Bailout, Financial Crisis, Denver News

Sept. 23 (Bloomberg) -- New Frontier Bank, the largest lender in northern Colorado, had a lot to be proud of in early 2007. Assets had grown by 66 pe...

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2.5 Million Green Jobs Lost From the Bailout Bonuses Alone: Escaping the Wall Street Economy of Debt

Mike Elk | Posted 09.19.2009 | Business

Read More: Jobs, Wall Street Bailout, Green Jobs, Bank Bailout, Bailout, Business News

We responded to the financial system's crisis by propping it up. Why not prop up manufacturing, which has been disappearing at a stunning rate from this country over the last 30 years?

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An Open Letter to Paul Krugman

David K. Levine | Posted 09.18.2009 | Business

Read More: Collateral Cycles, Fiscal Stimulus, Financial Crisis, Panics, Paul Krugman, Systemic Risk, Bank Bailout, Too Big to Fail, Economic Theory, Bubbles, Credit Cycles, Business News

Crises have been ubiquitous throughout history. While we can't forecast them we do know how to learn from them. And we certainly have a good idea what not to do in response.

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Let's Make a Deal: Beltway Edition

Michael Winship | Posted 09.18.2009 | Business

Read More: Richard Durbin, American Banking Association, Cap and Trade, Politics, Insttitute for Policy Studies, President Obama, Mortgage Crisis, Banks, Bank Bailout, US Chamber of Commerce, Cramdown, Campaign Finance, Business News

While executives are dancing with your dollars, the foreclosures they helped to bring on continue to rise. Many banks are dragging their feet, enjoying the bailout bucks but failing to spread them around.

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Percent Of Money-Losing Banks Set An All-Time High In Second Quarter

HuffingtonPost.com | Shahien Nasiripour | Posted 10.16.2009 | Business

Read More: Bank Losses, Tarp, Banks FDIC, Fdic, Bank Profits, Financial Crisis, Banks, Bank Bailout, Business News

The percent of banks that lost money last quarter set an all-time high, according to the Federal Deposit Insurance Corporation. More than 28 percent ...

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The U.S. Government Made Money?

Jill Schlesinger | Posted 10.16.2009 | Business

Read More: Tarp, Henry Paulson, Ben Bernanke, Tarp Success, Bank Bailout, Business News

Whether you believe that Paulson was was a bully or a hero, the results of the initial TARP paybacks must give him some solace.

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Subprime Culprits Are Modifying Loans With Taxpayer Money: Center For Public Integrity

HuffingtonPost.com | Shahien Nasiripour | Posted 09.26.2009 | Business

Read More: Subprime Mortgages, Bailout Bandits, Bailout, Making Home Affordable, Subprime Mortgage Crisis, Banks, Bank Bailout, Home Foreclosures, Business News

Many of the lenders who helped fuel the subprime mortgage boom are now receiving billions in taxpayer money to modify those same loans, according to a...

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Most Failing Banks Are Doing It The Old-School Way

nytimes.com | FLOYD NORRIS | Posted 09.21.2009 | Business

Read More: Banks, Bad Loans, Loans Not Repaid, Fdic, Bank Bailout, Banks Closing, Loans, Business News

As the number of banks closed by the Federal Deposit Insurance Corporation has grown rapidly this year, it has become clear that most of them had noth...

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