Bank Bailout

Obama's Banking Rescue: O for Opaque

Robert Kuttner | Posted 04.29.2009 | Politics

Read More: Geithner Plan, Economy, Geithner Bailout, 100 Days, Financial Crisis, Timothy Geithner, Bank Bailout, Barack Obama, Lawrence Summers, Politics News

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.

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GOP Advancing Geithner "Power Grab" Narrative

HuffingtonPost.com | Jason Linkins | Posted 04.27.2009 | Politics

Read More: Video, Cnn, Media Matters, John Boehner, Treasury, Timothy Geithner, Bank Bailout, Barack Obama, Politics News

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

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Bonus Cry Baby

Roger Smith | Posted 04.26.2009 | Business

Read More: Aig Bonuses, New York Times, Bank Bailout, AIG Bonus, Wall Street, Jake Desantis Resignation Letter, AIG Bailout, Jake DeSantis, Jake Desantis Letter, Jake Desantis Aig, Business News

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.

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We Are So Angry That We've Lost Our Minds

Larry Gellman | Posted 04.25.2009 | Business

Read More: JP Morgan Chase, U.S. Economy, Congress, Stock Market, Race Riots, Aig Bonuses, Economic Crisis, President Obama, Aig, Barack Obama, Goldman Sachs, Senate, U.S. Senate, Economic Stimulus Package, Morgan Stanley, Financial Crisis, Bank Bailout, Bonuses, Business News

President Obama says we should stay angry but express our outrage in productive ways. I say we should get rid of the anger altogether.

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Wall Street's Credibility Problem

Lincoln Mitchell | Posted 04.25.2009 | Business

Read More: Cnbc, Wall Street, Economy, Economic Crisis, Aig, Main Street, Banking Crisis, Timothy Geithner, Bank Bailout, Barack Obama, Tarp, Business News

The financial and political elite may be right in their analysis about the centrality of the finance sector, but the problem is, they have no remaining credibility on this issue.

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CNBC Anchors Change Tune On Obama (VIDEO)

HuffingtonPost.com | Jason Linkins | Posted 04.24.2009 | Media

Read More: Lester Holt, Erin Burnett, Barack Obama, Cnbc, Jim Cramer, Video, Tim Geithner, Rick Santelli, Financial Crisis, Talf, Bank Bailout, Tarp, Media News

For a long while, CNBC has been one of the White House's most fervent critics, what with all the "wealth destruction" and the support for "loser's mor...

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AIG and the Undeserving Rich

Joseph A. Palermo | Posted 04.23.2009 | Business

Read More: Reagan Administration, David Lynch Movie, Xe, Charles Blow, Bailout, Economic Meltdown, Cnbc, Aig, Blue Velvet Movie, Blackwater, Bank Bailout, Rick Santelli, " American Film Institute, Financial Crisis, Gordon Gekko, AIG Bailout, AIG CEO Edward Liddy, Bonuses, Economic Crisis, "Joe the Plumber, A.I.G., Congress, Undeserving Rich, American International Group, The Daily Show, Jim Cramer, Taxpayer Bonuses, Oliver Stone Movie, Wall Street Crisis, Wall Street, Jon Stewart, New York Times, Plutocracy, Ed Gillespie, Sheryl Gay Stolberg, Edward Liddy, Bonus Controversy, Wall Street Movie, Week in Review, Business News

For years unbridled capitalism has beat down and bloodied the working middle class in this country. Those chickens are now coming home to roost.

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Madoff, AIG and the American "Gospel of Success"

Hoyt Hilsman | Posted 04.20.2009 | Politics

Read More: Greed, Treasury Department, Aig Bonuses, President Obama, Obama, Madoff Scandal, Bank Bonuses, Bernie Madoff, Barack Obama, Aig, David Brooks, New York Times, Bernard Madoff, Timothy Geithner, Bank Bailout, Corporate Greed, Politics News

On an increasingly crowded, polluted and interdependent planet, the human race may not be able to indulge the "cultural DNA" of a society that has Darwinian opportunism as a credo.

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Thomas Friedman On Bank Bailout: "Fairness Has Left The Building"

CBS News | Posted 04.15.2009 | Politics

Read More: Thomas Friedman, Bank Bailout, Friedman, Friedman Fairness, Tom Friedman, Politics News

On CBS' Face The Nation this morning, New York Times columnist Tom Friedman weighed in on the financial crisis and the administration's plans to fight...

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Treasury To Offer Details On Toxic-Asset Plan In Coming Week

Reuters | Glenn Somerville | Posted 04.14.2009 | Business

Read More: Treasury Department, Bank Assets, Toxic-Asset Plan, Banks, US Banks, Timothy Geithner, Bank Bailout, Business News

The Treasury will offer more details in the coming week about how proposed public-private partnerships to take bad assets off banks' books will work, ...

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Bailed Out Bank Had Friends in High Places

ProPublica | Paul Kiel | Posted 04.12.2009 | Home

Read More: Banking Crisis, Banks, Bank Bailout, Wall Street, Bailout, Oneunited-Bank, Home News

The queue of banks seeking bailout money is a long and winding one. They can't even get a "hi there" from Treasury officials, bankers complain. But...

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How I Lost My Job and Why I don't want it back

Jon Santiago | Posted 04.11.2009 | Business

Read More: Layoffs, Wall Street Layoffs, Wall Street Crisis, Wall Street, Finance, Financial Crisis, Banks, Investment Banks, Banking Crisis, Bank Bailout, Getting Fired, Leaving Wall Street, Business News

I now think the "Main Street" perception of recklessness in the ivory towers of Wall Street, which initially struck me as too emotional and unfounded, is partially accurate.

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The Change We Need I: A Bank for America

Sanjiv Gupta | Posted 04.10.2009 | Business

Read More: Banks, Democracy, Nationalization, Bank Bailout, Bailout, Wall Street, Bank Nationalization, Business News

If there is a positive side to the financial crisis, it is this: We can no longer avoid confronting the limits of our democracy when our lives and communities are thrown into violent disarray.

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Washington Planning For Big Bank Failure

CNN Money | Colin Barr | Posted 04.07.2009 | Business

Read More: Bank Failure, Banks, Bank Bailout, Treasury, Business News

The government is bracing for a big bank failure. A bill introduced in Congress would give the FDIC, the agency that stands behind Americans' bank de...

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BofA's Ken Lewis: TARP Funds "A Mistake"

Huffington Post | Julie Satow | Posted 04.02.2009 | Business

Read More: Ken Lewis TARP, Bank of America Ken Lewis, Bank of America, Ken Lewis, Kenneth Lewis, Bank of America TARP, TARP Bank of America, Bank Bailout, Tarp, Tarp Funds, Ken Lewis Bank of America, Ken Lewis Mistake, Ken Lewis Financial Times, Ken Lewis Tarp Mistake, Ken Lewis Tarp Funds a Mistake, Bailout Outrage, Business News

Bank of America's CEO Kenneth Lewis told the Financial Times the $20 billion in funds he requested in January was a "tactical mistake" that made the c...

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Why Bailing Out Homeowners Will Not Fix the Housing Market

David Paul | Posted 04.01.2009 | Business

Read More: Housing Prices, Nouriel Roubini, Hank Paulson, Congressional Bailout, Economic Crisis, Mortgage Crisis, Financial Crisis, Ben Bernanke, Bank Bailout, Housing Crisis, Housing Slump, Business News

The problem with these efforts is that they will not fix the fundamental problem, but instead will simply push the problem -- the loss of home equity -- onto the next generation of homebuyers.

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Northern Trust Seeks To Repay Bailout Money After Flap Over Lavish Parties

AP | RUPA SHENOY | Posted 03.30.2009 | Business

Read More: Northern Trust Golf Tournament, Northern Trust, Northern Trust Bailout Money, Bank Bailout, Bailout Money, Northern Trust Bank, Northern Trust Golf, Northern Trust Must Pay Back, Bailout Outrage, Business News

CHICAGO — Responding to lawmakers who chastised the company for its lavish sponsorship of parties and concerts at a professional golf tournament...

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Citigroup, Gov Reach Deal For Up To 36% Stake

AP | MARTIN CRUTSINGER | Posted 03.30.2009 | Business

Read More: Wall Street Bailout, Geitner Nationalization, Nationalization, Bailout, Citigroup 40%, Citibank, Timothy Geithner, Bank Bailout, Geithner Nationalization, Citi Nationalization, Geithner Citibank, Citigroup Nationalization, Citigroup, Business News

WASHINGTON — The U.S. government will exchange up to $25 billion in emergency bailout money it provided Citigroup Inc. for as much as a 36 perce...

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Citibank Hates Old People

Mena Trott | Posted 03.29.2009 | Business

Read More: Interest Rates, Tarp, Elderly, TARP Money, Economy, Economic Crisis, Credit Crisis, Credit Card Debt, Credit Cards, Credit Crunch, US Economy, Vikram Pandit, Bailout, Banking, Citibank, Banks, Bank Bailout, Citigroup, Business News

During the election there was a lot of talk of not using a hatchet when a scalpel is needed. It seems as if Citibank just brought out their hacksaw and blunt hatchet.

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Geithner: Nationalization Is "The Wrong Strategy," "Deeply Offended" By Banks

Huffington Post | Julie Satow | Posted 03.29.2009 | Business

Treasury Secretary Timothy Geithner spoke with PBS' Jim Lehrer on Wednesday evening about the Obama administration's economic plans. Among the highli...

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Roubini: Temporary Bank Nationalization Is The Market-Friendly Solution

CNBC | Posted 03.27.2009 | Business

Read More: Nouriel Roubini, Bank Nationalization, Economy, Roubini Bank Nationalization, Economic Crisis, Financial Crisis, Bank Bailout, Business News

Nationalizing insolvent US banks is the best solution to avoid a Japan-like scenario in which 'zombie' financial institutions would eat up public reso...

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Northern Trust, Bailed-Out Bank, Spends Millions Partying In Los Angeles

TMZ.com | Posted 03.27.2009 | Business

Read More: Bailout, Northern Trust Bank Bailout, Banks, Northern Trust Golf Tournament, Northern Trust Los Angeles, Bank Bailout, Bailed Out Banks, Northern Trust Bank, Los Angeles-California, Business News

A bank that received $1.6 billion in bailout money just spent a fortune last week in L.A. hosting a series of lavish parties and concerts with famous ...

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Why Is Geithner Continuing Paulson's Policy of Violating the Law?

William K. Black | Posted 03.26.2009 | Business

Read More: Nationalizing Banks, Nationalization, Bank Nationalization, Tim Geithner, Henry Paulson, Timothy Geithner, Geithner Banks, Bank Bailout, Tarp, Economy, Economic Crisis, Obama Nationalization, Wall Street Crisis, Financial Crisis, Banks, Ben Bernanke, Banks Bailout, Business News

Paulson and Geithner's refusal to comply with the law has already cost the taxpayers scores of billions of dollars in unnecessary costs. Geithner indicated Friday that he would continue to flout the law.

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Wall Street's Hall Of Shame

Clusterstock | Posted 03.26.2009 | Business

Read More: Bank Bailout, Wall Street, US Recession, Recession, Economic Crisis, Business News

There's plenty of blame to go around for the current financial crisis. But we think there are a number of people (26 to be precise) who are particular...

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Community Banks: TARP Is Not A Bailout

Huffington Post | Julie Satow | Posted 03.26.2009 | Business

Read More: TARP Money, Community Banks, Capital Purchase Program, Community Banks Capital Purchase Program, Regional Banks Bailout, TARP Capital Purchase Program, Bank Bailout, Community Banks Bailout, Tarp, Regional Banks, Cpp, Housing Bailout, Tarp Funds, Simple Explanations of the Bank Bailout, Business News

UPDATE: Iberiabank is first bank to return TARP funds it accessed via the CPP program. As Citigroup takes a step closer to nationalization and atten...

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Bank Bailout

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