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Bank Bailout

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.

Matt Taibbi Sort of Defends AIG Shareholders' Lawsuit - for Good Reason

John Berlau | Posted 03.18.2013 | Business
John Berlau

It appears that the big government hand that "fed" AIG slipped in a few doses of poison as well as sustenance, and then diverted some of that sustenance to AIG's big bank counterparties. To borrow a Taibbi term of art, sometimes it takes a vampire squid to beat a vampire squid.

Why Democrats Should Embrace "Entitlement Reform"

Carl Gibson | Posted 01.30.2013 | Politics
Carl Gibson

If Republicans want their political opponents to promise them something, the only promise we should make is this -- the Republican Party won't be rendered completely irrelevant until after the 2014 midterms. Deal?

Zach Carter

Wall Street 'Could Live With' Tax Hikes For Rich, Says Obama's Top Finance Ally

HuffingtonPost.com | Zach Carter | Posted 11.13.2012 | Politics

WASHINGTON -- Wall Street's hostility toward President Barack Obama has been playing out for years in the form of extreme rhetoric and lopsided campai...

All Bankruptcies Are Not Created Equal

Jacob Adlerstein | Posted 12.19.2012 | Business
Jacob Adlerstein

Regardless of your view on who got it right, it is unquestionable that the candidates would have steered GM and Chrysler down dramatically different paths.

Bank Bailout 'Plagues' Former Wall Street Regulator

Mark Gongloff | Posted 11.20.2012 | Business
Mark Gongloff

Sheila Bair thinks maybe the bank bailout was a bad idea. The former chair of the Federal Deposit Insurance Corporation, in a new book about the financial crisis, says she worries that forcing the biggest U.S. banks to take $125 billion in government money in October 2008 caused more problems than it solved.

Romney to Half of Us: Not My Job to Worry About You

Sandy Goodman | Posted 11.18.2012 | Politics
Sandy Goodman

The donors were, of course, the same kind of folks that a tuxedoed George W. Bush described at a fancy dinner a dozen years ago as: "The haves and the have-mores," adding congenially: "Some people call you the elite. I call you my base."

Bailed-out banks Freddie Mac, AIG gave $6 million to 2008 conventions,

The Center for Public Integrity | Posted 10.24.2012 | Politics
The Center for Public Integrity

By John Dunbar and Michael BeckelThe Center for Public IntegrityThe Republican nominating convention that kicks off Monday in Tampa (weather permitti...

Emails Give Glimpse Into Deals That Helped Fueled Financial Meltdown

ProPublica | Jesse Eisinger and Jake Bernstein | Posted 08.06.2012 | Business

As ProPublica has been detailing for two years, Wall Street banks and the hedge fund Magnetar worked together to build mortgage-backed deals that the ...

Ben Hallman

Which States Are Using Their TARP Funds?

HuffingtonPost.com | Ben Hallman | Posted 07.27.2012 | Business

Long a national leader in keeping its populace caffeinated, Oregon can claim bragging rights in another category: spending federal dollars to help its...

Ben Hallman

In Sea Of Disappointing Housing Programs, Hardest Hit Fund Least Effective: New Report

HuffingtonPost.com | Ben Hallman | Posted 07.25.2012 | Business

Most of the federal bailout money pledged through the Hardest Hit Fund, a program meant to help ailing homeowners in states especially battered by the...

Mark Gongloff

Geithner Loses It On TARP Inspector General

HuffingtonPost.com | Mark Gongloff | Posted 07.19.2012 | Business

"I never would have imagined that one day one of the most powerful government officials in the world would be dropping f-bombs on me." That's Neil ...

How the Big Banks Lost and Homeowners Won in California

Rick Jacobs | Posted 09.02.2012 | Business
Rick Jacobs

Bills that looked very much like the Homeowner Bill of Rights had been introduced for four years. They died in committee or on the floor at various times, until now. The difference?

Government by the Banks, for the Banks: The ESM Coup D'Etat in Europe

Ellen Brown | Posted 09.02.2012 | Business
Ellen Brown

It is one thing to pool national resources to bail out other sovereign governments, quite another to write a blank check to bail out the profligate private banks that precipitated the global downturn.

Europe's Solution Isn't More Inflation

Michael Pento | Posted 08.21.2012 | Business
Michael Pento

The only real solution for insolvent Europe is to explicitly default on the debt to a level that brings PIIGS countries to a debt to GDP ratio below 60 percent.

Ben Hallman

Fannie And Freddie Fail On Foreclosure Contractor Oversight

HuffingtonPost.com | Ben Hallman | Posted 06.19.2012 | Business

Fannie Mae and Freddie Mac failed to keep tabs on thousands of contractors hired to manage more than 1 million foreclosed homes, possibly exposing the...

Merrill Losses Were Withheld Before Bank of America Deal

nytimes.com | GRETCHEN MORGENSON | Posted 06.04.2012 | Business

Days before Bank of America shareholders approved the bank’s $50 billion purchase of Merrill Lynch in December 2008, top bank executives were advise...

Why Another Major Collapse Is Still Possible

Bloomberg View | Matthew Schoenfeld | Posted 06.01.2012 | Business

Bloomberg View: The near-failure of insurance firm American International Group Inc. (AIG) in 2008 was arguably the most perilous moment of the glo...

Indentured Servitude for Seniors: Social Security Garnished for Student Debts

Ellen Brown | Posted 07.15.2012 | Business
Ellen Brown

U.S. taxpayers now pay nearly half a trillion dollars annually to finance our federal debt. By financing the debt itself rather than paying interest to private parties, the government could divert what it would have paid in interest into tuition, jobs, infrastructure and social services.

The Bailout That Never Was

Dave Pederson | Posted 07.14.2012 | Politics
Dave Pederson

The bailouts only helped the banks, buried Americans further in debt they will never payoff, and froze economic growth.

The Robin Hood Tax: Small Change For The Banks, Big Change For The U.S. And The World

Liz Ryan Murray | Posted 07.13.2012 | Impact
Liz Ryan Murray

A critical mass is building behind a tax that could generate billions in much needed revenue while curbing the worst excesses of casino banking. It may be a small and simple idea, but it could make a big difference to the U.S. and the world.

Too Big To Fail Architect: Don't Blame Me!

Mark Gongloff | Posted 07.07.2012 | Business
Mark Gongloff

The man who brought you Too Big To Fail has had just about enough of everybody blaming him for big banks failing. In an interview with Fortune's Nin-...

What Bank of America Taught Me About America

Antonio Ennis | Posted 07.07.2012 | Impact
Antonio Ennis

I've learned a lot in my 45 years. I've learned from hustling in the streets of Boston, from more than two decades in the rap game, from being a landlord, a retail store owner, and the father of six daughters. But some of the most important things I know, I learned from Bank of America.

TARP Profit A Myth

The Huffington Post | Mark Gongloff | Posted 04.25.2012 | Business

Contrary to the Obama administration's claims, the bailouts of the financial and auto industries have not turned a profit for the U.S. government and ...

Amanda Terkel

Treasury Tries To Bail Out Public Image Of Bailout

HuffingtonPost.com | Amanda Terkel | Posted 04.13.2012 | Politics

WASHINGTON -- The Treasury Department is worried that the high political cost of some of its key economic intervention programs -- most notably, the b...