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Bank Bailout

Shahien Nasiripour

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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Banking on Failure: FDIC Shutting Down Insolvent Banks at a Record Pace

Sheldon Filger | Posted 09.18.2009 | Business

Read More: Banking Crisis, Colonial-Bank, Timothy Geithner, Colonial Bank Failure, Fdic, Bank Failures, Federal Deposit Insurance Corporation, Eurozone, Stress Tests, Former-Soviet-Bloc, Geithner Banks, Obama Bank Stress Tests, FDIC Banks, Banks, Western Europe, Eastern Europe Economy, Bank Bailout, Geithner Bank Bailout, Business News
Sheldon Filger

It is preposterous to conclude that the U.S. banking sector is well capitalized and strong enough to endure a severe economic recession.

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Where Is The Bank Bailout Money Going? (VIDEO)

Posted 11.04.2009 | Business

Read More: Tarp, Elizabeth Warren, Elizabeth Warren Goes to Washington, $700 Billion Bailout, Bank Bailout, Congressional Oversight Panel, Huffington Post Investigative Fund, Business News

Where exactly is all of the bailout money going? Today, McClatchy addresses growing concerns over the lack of true oversight in government's enormous ...

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Bank Bailout Bad Omen for Healthcare Reform

Lin B. Farley | Posted 09.05.2009 | Politics

Read More: Health Care Reform, Medicare, President Obama, Bank Bailout, Temecula Valley Bank, Politics News
Lin B. Farley

While the Obama Administration has bailed out banks with my money, I cannot find an adequate interest rate from any of them.

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Stiglitz On Bank Bailout: "We Got A Bad Deal" (VIDEO)

Posted 09.03.2009 | Business

Read More: Ben Bernake, Bailout, Banks, Ben Bernanke, Bank Bailout, Joseph Stiglitz, Tarp, Business News

Nobel prize-winning economist Joseph Stiglitz appeared on Yahoo's Tech Ticker recently, and had some pointed words regarding the massive bank bailouts...

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Democrats Need to Wake Up and Regulate CEO Pay

Mike Elk | Posted 08.31.2009 | Business

Read More: Executive Compensation, Andrew Cuomo, CEO Pay, Bank Bailout, Democrats, Attorney General Andrew Cuomo, Ceos, Business News
Mike Elk

Unemployment is at near double digits, people are losing their homes, and trillion of dollars in people's retirement savings have been eliminated -- all as a result of gambling on Wall Street.

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Bailed-Out Banks Stop Paying Dividends, Despite 'Healthy' Rating

ProPublica | Paul Kiel | Posted 08.29.2009 | Business

Read More: Fdic, Treasury Department, UBCH Holdings, Tarp-Dividends, Bank Dividend Payments, Bank Bailout, Tarp, Business News

A growing number of small and midsize banks that received federal bailout money have stopped paying quarterly dividends to the government in order to ...

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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
Nathan Lewis

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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The Green Sprouts of Recovery and the Party Spoilers

Michael de Portu | Posted 08.23.2009 | Business

Read More: Recession, American Manufacturing, Recovery, National Debt, Bank Bailout, Domestic Debt, Tarp, Business News
Michael de Portu

In this recession, it is unnerving how little attention has been devoted to how American manufacturing firms have been affected.

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How California Could Turn Its IOUs into Dollars

Ellen Brown | Posted 08.22.2009 | Business

Read More: Bank of America, Ious, Wells Fargo, Citibank, Banking Crisis, Bank Bailout, California Budget Crisis, Arnold Schwarzenegger, State Bank, Bank of North Dakota, Business News
Ellen Brown

If the state were to deposit its money in its own state-owned bank, it could have enough credit to solve its budget crisis with funds to spare.

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When Someone Says "Financial Innovation," Put Your Hand on Your Wallet

Les Leopold | Posted 08.21.2009 | Business

Read More: Congress, Wall Street, TARP Money, Economic Crisis, Financial Crisis, Bank Bailout, Housing Crisis, Barack Obama, Business News
Les Leopold

The financial flack who came up with the phrase "financial innovation" deserves the Bernie Madoff Financial Engineering Prize of 2009 for the most outrageous fantasy finance concept of the year.

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Hey, What About CIT?

Leo Hindery, Jr. | Posted 08.20.2009 | Business

Read More: Financial Crisis, Cit, Bank Bailout, CIT Bailout, Bailout, Business News
Leo Hindery, Jr.

We haven't at all reformed Wall Street, we've just resurrected it. Then when it comes to saving the one institution that's necessary, we can't find the political will to do so.

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How We Got Here, and How to Prevent it From Happening Again

Garrett Johnson | Posted 08.14.2009 | Business

Read More: Continental Illinois, Fdic, Bank Bailout, Business News
Garrett Johnson

It's safe to say that whatever the fundamental problem with the banking system, it is at the very least 35 years old, if not older. Which brings us to Oklahoma City.

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Towards a Solution to the Debt Crisis in California: The State Could Walk Away and Create Its Own Credit Machine

Ellen Brown | Posted 08.14.2009 | Politics

Read More: Bank of America, Citigroup, JPMorgan Chase, Ious, Governor Arnold Schwarzenegger, Wells Fargo, Banking Crisis, Bank Bailout, California Budget Crisis, State Bank, Bank of North Dakota, Politics News
Ellen Brown

California could put its revenues in its own state-owned bank and fan these "reserves" into many times their face value in loans, using the same "fractional reserve" system that private banks use.

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Ironic Ads From Before The Bailout: AIG, Countrywide, RBS, Bank Of America

The Huffington Post | Ryan McCarthy | Posted 08.13.2009 | Business

Read More: Bank of America, Aig, American International Group, Countrywide Financial, Royal Bank of Scotland, Bank-Bailout, Finance, Feconomy, Economy, Bank, Business News

Ok, so we all know the world has changed. The financial markets have been upended, and we're all more than a little chastened by the excesses of the p...

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Bank Bailout Fund: $328 Billion Still Remains

AP | ANNE FLAHERTY | Posted 08.09.2009 | Business

Read More: Tim Geithner, Barney Frank, Treasury Department, Judd Gregg, Bailout Funds, Bailout, Bank Bailout, Government Accountability Office, Business News

WASHINGTON — The government has tens of billions of dollars left in the eye-popping $700 billion bank bailout fund created last fall, prompting ...

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What Is the Use Of Having Power If You Don't Abuse It?

Norman Horowitz | Posted 08.07.2009 | Media

Read More: General Electric, Time Warner, Wall Street Crisis, Fcc, Bank Bailout, Viacom, Cbs, Media News
Norman Horowitz

In order to confuse those who from time to time come across something that I write, I have decided to deal in one article with some of the "transgress...

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The Only Thing We Have to Fear Is Fear ... of Government

Les Leopold | Posted 08.07.2009 | Business

Read More: Tarp, Economic Stimulus Package, Unemployment, Government Bailout, Wall Street, Income Inequality, Economy, Financial Crisis, Jobs, Joe Biden, Bank Bailout, Barack Obama, Business News
Les Leopold

If we all weren't so afraid of big, bad government, we'd realize the obvious: expanding the public sector is the most efficient way both to create jobs and stimulate the economy.

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Redefining Chutzpah: Wall Street Using Bailout Money to Kill Financial Consumer Protection Agency

Les Leopold | Posted 08.01.2009 | Business

Read More: Bail Out, Wall Street, Bank Nationalization, TARP Money, Economic Crisis, Mortgage Crisis, Financial Crisis, Bank Bailout, Consumer Protection, Business News
Les Leopold

With a straight face, the captains of Wall Street like are telling us that they don't need to be heavily regulated -- that regulations will kill innovation and stifle consumer choice.

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This is the Second Supply-Side Disaster: The First One Was 1990

Andrew Reinbach | Posted 07.22.2009 | Business

Read More: Bill Clinton, Economics, George H.W. Bush, George W. Bush, Supply-Side Economics, Republicans, Market Collapse, Bank Bailout, Business News
Andrew Reinbach

It's now almost impossible to defend supply-side's deep tax cuts and minimal regulation, the result being that Republicans are without much belief system.

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The IMF Accountability Moment

Robert Weissman | Posted 07.11.2009 | Business

Read More: Financial Crisis, Imf, Bank Bailout, g20, Economic Crisis, Business News
Robert Weissman

If the administration and House leadership are unable to garner sufficient votes to pass the supplemental, they can pull the IMF funding.

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Fear and Looting in America: Should We Worry if Wall Street Loses its Top Talent?

Les Leopold | Posted 07.10.2009 | Business

Read More: Financial Crisis, CEO Pay, Wall Street Crisis, Bank Bailout, Hedge Funds, President Obama, Economic Crisis, Business News
Les Leopold

the financial industry is whining about how it will lose "top talent" and therefore would be at a competitive disadvantage to firms that don't have such constraints.

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Payback's Not a Bitch: 10 TARP Recipients Get Green Light to Repay $68 Billion to Treasury

Jill Schlesinger | Posted 07.10.2009 | Business

Read More: Tarp, Taxpayer Money, Treasury Department, Cpp, Bank Bailout, Bank Stress Tests, Business News
Jill Schlesinger

For those who think that the government bailed out Wall Street, you're right and you're wrong. Yes, taxpayers extended a lifeline to ensure that the system didn't collapse, but in the case of these yet-to-be named players, taxpayers made out quite nicely.

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TARP Repayment: Treasury Says 10 Banks Get To Payback $68B

AP | DANIEL WAGNER and STEVENSON JACOBS | Posted 07.10.2009 | Business

Read More: Tarp, American Express, Goldman Sachs Group Inc., JPMorgan Chase, Tarp Bailout, Troubled Asset Relief Program, Federal Reserve, Bank Bailout, U.S. Bancorp., Business News

WASHINGTON - The Treasury Department has approved 10 of the nation's largest banks to repay $68 billion in government bailout money. The department o...

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