Bank Bailout

Trust but Organize

Mike Lux | Posted 05.15.2009 | Politics


Mike Lux

I have no doubt whatsoever that Obama wants to do right by the American people, but if progressives believe he is wrong on something important, we should still speak out and still organize.

Obama's Loyal Opposition

Robert Kuttner | Posted 05.13.2009 | Politics


Robert Kuttner

Progressives now find themselves in an awkward position of simultaneously wishing Barack Obama well, but feeling dismayed by his policies on some key issues.

Showdown Seen Between Obama Administration And Banks

New York Times | STEPHEN LABATON and EDMUND L. ANDREWS | Posted 05.12.2009 | Business


As the Obama administration completes its examinations of the nation's largest banks, industry executives are bracing for fights with the government o...

US Wants Taxpayers To Invest In Bank Bailouts They're Already Financing

New York Times | GRAHAM BOWLEY and MICHAEL J. de la MERCED | Posted 05.09.2009 | Politics


During World War I, Americans were exhorted to buy Liberty Bonds to help their soldiers on the front. Now, it seems, they will be asked to come to th...

Fast-Rising Protest Group Challenges Power of the Bankers

Kristina Rizga | Posted 05.09.2009 | Politics


Kristina Rizga

In the first three weeks, 8,000 people of all ages signed up to participate in protests planned in over 55 cities. WireTap talked to Tiffiniy Cheng to find out why A New Way Forward thinks a different bailout plan is urgent.

Bank of America Needs More Money: Analyst

bloomberg.com | David Mildenberg | Posted 05.09.2009 | Business


April 8 (Bloomberg) -- Bank of America Corp., the largest U.S. bank, needs to raise $36.6 billion in equity to bring capital ratios in line with its p...

Bailout Oversight Panel Warns Financial Crisis "Taking Root In The Larger Economy"

ABC News | CHARLES HERMAN and ALICE GOMSTYN | Posted 05.08.2009 | Business


Govt. May Spend More than $4 Trillion but Economy Faces 'Prolonged Weakness,' Oversight Panel Reports...

Mr. Axelrod, Please Protect the Prez From Geithner and Summers

Trey Ellis | Posted 05.08.2009 | Politics


Trey Ellis

They ran such a supremely pragmatic and logical campaign that the way the administration is now handling this banking crisis continues to baffle.

When the Next Banking Scandal Hits...

Mike Lux | Posted 05.08.2009 | Politics


Mike Lux

The way Tim Geithner has structured the banking plan, the Obama administration will, sooner or later, almost certainly be facing another AIG bonuses-type of outrage.

William K. Black on Geithner: "The Guy Has a Track Record of Failure Everywhere He's Gone"

Cenk Uygur | Posted 05.07.2009 | Politics


Cenk Uygur

This is beginning to feel a little like before the Iraq War when some warned of impending disaster and the administration and mainstream media blew them off.

George Soros: US Banking System "Basically Insolvent"

CNBC | Posted 05.07.2009 | Business


he U.S. economy is in for a "lasting slowdown" and could face a Japan-style period of relatively low growth coupled with high inflation, billionaire i...

Helping Obama Succeed by Pushing Back

Mike Lux | Posted 05.07.2009 | Politics


Mike Lux

As a multi-cultural, African-American, son of an immigrant, and as the personification of hope for an idealistic young generation, if Obama fails, it hurts progressive hopes for decades.

The Geithner-Summers Plan is Even Worse Than We Thought

Jeffrey Sachs | Posted 05.07.2009 | Business


Jeffrey Sachs

Geithner and Summers tell us that their plan is the only option, but without a word of further explanation as to why. Let them explain to America why the other proposals are not being pursued.

A Trillion Dollars for the Banks: How About a Second Opinion?

Dean Baker | Posted 05.07.2009 | Business


Dean Baker

Given how much money Tim Geithner wants to spend -- putting it in the hands of the folks that brought on this economic crisis -- it would seem appropriate to first examine all the alternatives.

Jason Linkins

Clinton Media Coach Guiding Geithner

HuffingtonPost.com | Jason Linkins | Posted 05.07.2009 | Politics


It seems like only yesterday that Treasury Secretary Timothy Geithner was earning universal derision for that time he appeared in public after being h...

Frank Rich: C.E.O. Guillotine Won't Do Any Good

The New York Times | Frank Rich | Posted 05.06.2009 | Politics


EVEN among pitchfork-bearing populists, there was scant satisfaction when the White House sent the C.E.O. of General Motors to the guillotine. Sure, ...

Tyler Cowen: Why Creditors Should Suffer Too

New York Times | Tyler Cowen | Posted 05.06.2009 | Business


THE Obama administration's proposals to reform financial regulation sound ambitious enough as they aim to bring companies like A.I.G. under a broader ...

Warren Buffett, Champion Of Bailout, Also Leading Beneficiary

McClatchy | Charles Piller | Posted 05.06.2009 | Business


Billionaire investor Warren Buffett has been lauded for his plainspoken denunciation of the greed and foolishness behind the economic crisis. He's pus...

Agency says bailout will cost taxpayers more

AP | PETE YOST | Posted 05.05.2009 | Politics


WASHINGTON — Bailing out the financial sector will cost taxpayers $167 billion more than originally anticipated, according to a Congressional Bu...

Paralytic Debt Poisoning

Max Keiser | Posted 05.02.2009 | Business


Max Keiser

A red tide of toxic debt has poisoned the nation's financial system. And the American taxpayers are paralyzed as the financial oligarchs brazenly plunder their Fed and Treasury pockets.

The Bailout Double Standard And The Revival Of Reaganism

David Sirota | Posted 05.01.2009 | Politics


David Sirota

Obama took some flack last year for seeming to idealize The Gipper. I think we're seeing that they previewed an effort to emulate Reagan's tactics -- in particular, when it comes to bailouts.

Congressman Thaddeus McCotter's Rock Tribute To Auto Industry (VIDEO)

Huffington Post | Marcus Baram | Posted 04.30.2009 | Politics


Detroit-area GOP Congressman Thaddeus McCotter, who denounced the Obama's rejection of bailout funds for the auto industry, did his part to help out t...

Obama's Banking Rescue: O for Opaque

Robert Kuttner | Posted 04.29.2009 | Politics


Robert Kuttner

I fear that these columns have been too polite. What we have is something perilously close to a dictatorship of the Fed and the Treasury, acting in the interests of Wall Street.

Jason Linkins

GOP Advancing Geithner "Power Grab" Narrative

HuffingtonPost.com | Jason Linkins | Posted 04.27.2009 | Politics


Apparently, the new new thing, as far as criticizing Timothy Geithner's bank bailout plan, is to darkly warn that the intervention itself constitutes ...

Bonus Cry Baby

Roger Smith | Posted 04.26.2009 | Business


Roger Smith

I went back to Mr. DeSantis' tear-stained letter of resignation, and tried to see if indeed his outrage at the very idea of being asked to give his bonus back possibly justified. I quickly concluded, No way.