iOS app Android app

Bank Bailout

Bust Up the Banks Before it's Too Late

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

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

Will Obama Save America From Capitalism?

David A. Love | Posted 05.25.2011 | Politics
David A. Love

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.

Bank Tax: Obama Seeks $90 Billion Levy From Big Banks

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the heig...

AIG Autopsy: Eliot Spitzer Calls For Investigation Like Swiss UBS

Huffington Post | Adam J. Rose | Posted 05.25.2011 | Business

Inquiring minds want to know ... where's the inquiry? Three prominent former prosecutors are calling for the government to make AIG release interna...

Thankful, Well Not So Very Much

Chris Durang | Posted 05.25.2011 | Politics
Chris Durang

I have many things I feel thankful about in my life. But in terms of our country and our planet -- hmmm. Not feeling so confident, so up, so grateful. And about Barack Obama -- well I feel very disappointed. There, I've said it.

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

Dan Siegel | Posted 05.25.2011 | Politics
Dan Siegel

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.

JPMorgan Chase: Tales of Foreclosures, Trusts And Incompetence

Christopher Brauchli | Posted 05.25.2011 | Business
Christopher Brauchli

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.

The Recovery: Can You Feel It Yet?

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

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.

We Cut A Bad Deal

Rep. John K. Delaney | Posted 05.25.2011 | Business
Rep. John K. Delaney

why am I -- like you -- unsettled by headlines that show these same firms earning record profits and paying record bonuses? Because we taxpayers don't own enough of these firms. In many instances we own nothing.

Arianna Calls Out Kudlow For Dow '50,000' Prediction, Urges People To Ditch Bailed Out Banks (VIDEO)

Huff TV | Posted 05.25.2011 | Business
Huff TV

Arianna was on CNBC's "The Call" today to discuss the Move Your Money campaign. Host Larry Kudlow challenged the idea of switching money from big ban...

Geithner Interviewed By Bloomberg: Says Goldman Would Have Failed, Dismisses Tobin Tax (VIDEO)

Posted 05.25.2011 | Business

During an interview this week on Bloomberg's Political Capital with Al Hunt, Treasury Secretary Timothy Geithner disputed claims made by Goldman Sachs...

Absolute Corruption Is the Rule in America

David A. Love | Posted 05.25.2011 | Politics
David A. Love

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.

Citigroup Taxpayer Ownership Doesn't Prevent Lobbying | Jonathan D. Salant and Lizzie O’Leary | Posted 05.25.2011 | Business

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...

Won't You Please Come to Chicago?

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

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.

Move Your Money Director Eugene Jarecki Warns Colbert About 'Crazy Sociopaths Who Gamble With Your Money' (VIDEO)

Huff TV | Posted 05.25.2011 | Business
Huff TV

Eugene Jarecki, who directed the Move Your Money video, stopped by the Colbert Report on Monday to warn Stephen about "crazy sociopaths who gamble wit...

Bailout Payback: Wells Fargo, Citigroup Repay $45 Billion In TARP Funds

AP | Posted 05.25.2011 | Business

SAN FRANCISCO — Wells Fargo plans to sell $10.4 billion in new stock to help repay all $25 billion in bailout aid it received from the governmen...

Dems Want Unspent TARP Funds For Main Street Bailout

Posted 05.25.2011 | Politics

Democrats in Congress want to use unspent TARP funds to support homeowners and struggling workers, according to The Hill. More than half of the Democ...

Jason Linkins

Mark Fisher On Morning Meeting: Taxpayers Need To Get "Their Pound Of Flesh" From Bailout Banks | Jason Linkins | Posted 05.25.2011 | Business

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...

Where Is The Bank Bailout Money Going? (VIDEO)

Posted 05.25.2011 | Business

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

Arthur Delaney

Bank Of America: Another Customer Gets Bank's Attention Via YouTube (VIDEO) | Arthur Delaney | Posted 05.25.2011 | Business

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...

HuffPost Review - Capitalism: A Love Story (2009)

Scott Mendelson | Posted 05.25.2011 | Entertainment
Scott Mendelson

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.

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

Bloomberg | James Sterngold | Posted 05.25.2011 | Denver

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...

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

Mike Elk | Posted 05.25.2011 | Business
Mike Elk

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?

An Open Letter to Paul Krugman

David K. Levine | Posted 05.25.2011 | Business
David K. Levine

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.

Let's Make a Deal: Beltway Edition

Michael Winship | Posted 05.25.2011 | Business
Michael Winship

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.