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Bank Bailouts

2014: Investing in a World of Hyperaggressive Monetary Policy

Janet Tavakoli | Posted 03.09.2014 | Business
Janet Tavakoli

The growth of the U.S.'s bigger and broader productive economy has been stunted by bad policies and bank bailouts benefiting rent-seeking financiers siphoning off an outsized percentage of the nation's gross domestic product (GDP).

Good Luck With That

Richard (RJ) Eskow | Posted 01.25.2014 | Politics
Richard (RJ) Eskow

Neel Kashkari is a former Goldman Sachs Golden Boy who left that infamous organization to join the Treasury Department, where he was responsible for overseeing $700 billion in bailouts to his former employer and other Wall Street firms. Now he wants to run for governor of California on that record.

Bailing Out Detroit?

Jared Bernstein | Posted 09.28.2013 | Business
Jared Bernstein

I didn't hear Treasury Secretary Jack Lew on TV yesterday, but I read this morning that he was asked "how come the Obama administration bailed out the banks but isn't talking about doing so for Detroit?"

European Attacks on U.S. Regulators Must Not Be Allowed to Weaken U.S. Derivatives Rules

Dennis M. Kelleher | Posted 08.24.2013 | Business
Dennis M. Kelleher

This is little more than a brazen attempt to bully U.S. regulators into delaying and weakening U.S. rules, which, as Senator Elizabeth Warren has pointed out, must not happen.

Jason Linkins

Elected Legislators Continue To Occasionally Assist Bank Lobbyists In Drafting Legislation

HuffingtonPost.com | Jason Linkins | Posted 05.24.2013 | Politics

Ever since the taxpayer bailout allowed Wall Street banks to procure an army of shiny new lobbyists, it's been generally understood that said lobbyist...

College Debt Has a Female Face

Martha Burk | Posted 07.17.2013 | Politics
Martha Burk

Maybe it's time for a '60s-style student uprising -- but this time instead of occupying college hallways, they ought to occupy the halls of a Congress that favors big banks over struggling students.

Zach Carter

Dem Senator: Obama Is 'Wrong' On Big Banks

HuffingtonPost.com | Zach Carter | Posted 04.26.2013 | Politics

WASHINGTON -- Sen. Sherrod Brown (D-Ohio) said Thursday that President Barack Obama and the U.S. Treasury Department were "wrong" to claim that the 20...

Who Will Carry the Water?

Tom Cooley | Posted 03.27.2013 | Business
Tom Cooley

To persuade us today that a future Treasury Secretary really will pull the plug on an insolvent US G-SIFI, the resolution scheme will have to be widely viewed as nearly foolproof -- that is, virtually free of "Lehman risk."

Tim Geithner Knows Libor Is Useless, Fine With That

Mark Gongloff | Posted 12.25.2012 | Business
Mark Gongloff

It's a good thing we have all decided not to care about the Libor scandal, or Tim Geithner might be looking kind of silly right now.

TARP Watchdog Wants Libor Completely Out Of Bank Bailouts

The Huffington Post | Mark Gongloff | Posted 09.25.2012 | Business

The Treasury Department's bailout watchdog wants to stop using the flawed Libor rate in setting the terms of bank bailouts. Too bad she wasn't arou...

Two-Party Distorted Economic Dialogue & The Need for Open Presidential Debates

Michele Swenson | Posted 11.20.2012 | Politics
Michele Swenson

The central unspoken issue in 2012 remains the continued 30-year wealth shift upward, exacerbated by Washington's false deficit narrative and calls for austerity that actually expand wealth inequity.

Taxpayers Still On The Hook For Too Big To Fail Banks

Reuters | Posted 10.17.2012 | Business

* "Too big to fail" banks still not reformed * Key global deadlines for new rules seen slipping By Huw Jones ...

Jamie Dimon's Great New Slogan for Romney-Ryan

Mike Lux | Posted 10.14.2012 | Politics
Mike Lux

Given the massive bailouts the industry scored in 2008-9, and how easy policy-makers have been on them, the arrogance and hubris of talking about Soviet style government is pretty amazing. But then that fits quite well with Romney and Ryan, too.

Bailed-Out Banks Using Government Money To Pay Back Taxpayers

Reuters | Posted 09.23.2012 | Business

* 137 banks used other government program to repay bailout money * More than 200 bailed-out banks have missed dividend payments ...

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 ...

Simon Johnson: Banks' Living Wills Aren't Cure For Systemic Risk

Bloomberg View | Simon Johnson | Posted 07.09.2012 | Business

Bloomberg View On July 3, the Federal Deposit Insurance Corp. and the Federal Reserve made public portions of the “living wills” developed rece...

Finance Writers Reflect on Dodd-Frank, Wall Street

David Vognar | Posted 08.27.2012 | Business
David Vognar

If safeguards like Dodd-Frank fail to prevent another crisis, there will have to be a serious reexamination of the system. Yet people in the future will be able to point to our regulatory structure as either preventing or permitting another collapse.

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.

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-...

A French Spring and a New Enlightenment for Jobs and Justice

Brent Budowsky | Posted 06.30.2012 | World
Brent Budowsky

The increasingly likely victory of Francois Hollande in the French presidential election would be the shot for economic justice and jobs that will be heard around the world.

Tea Party Reps Reap Benefits Of Big Bank Bailouts

Bloomberg | Heidi Przybyla and Phil Mattingly | Posted 06.30.2012 | Politics

Tea Party favorites such as Stephen Fincher of Tennessee were swept into Congress on a wave of anger over government-funded bailouts of banks. Now ...

The Financial Horror Story Still Needs Telling

Mark Gongloff | Posted 06.24.2012 | Business
Mark Gongloff

Watch Money, Power and Wall Street: Part One on PBS. See more from FRONTLINE. Frontline's new documentary about the financial crisis probably do...

We Hate Bailouts More Than Ever: Study

The Huffington Post | Mark Gongloff | Posted 04.10.2012 | Business

Americans have always kind of hated bank bailouts, but that hatred seems to be getting hotter with time -- which is a headache for President Obama, wh...

Zombie Banks: A New York Story in Three Parts

Jim Luce | Posted 02.08.2012 | Business
Jim Luce

I spoke to Yalman Onaran about his insightful Zombie Banks. Everyone is afraid that the world economy is about to go into a second recession, I asked him. Why are we heading in that direction?

Sunday Roundup

Arianna Huffington | Posted 02.02.2012 | Politics
Arianna Huffington

This week, as police shut down the Occupy encampment in Los Angeles, a trio of stories fortified the movement's fundamental argument about the two-tiered nature of our democracy. First up was a report on how, in July 2008, then-Treasury Secretary Hank Paulson gave a group of Wall Street cronies inside information on the rescue of Fannie and Freddie. Then came word that, in the midst of the financial meltdown, the Fed had secretly loaned banks $7.7 trillion with absolutely no strings attached -- loans the banks used to turn a $13 billion profit (while foreclosures escalated and small businesses struggled to get loans). Finally, heroic Judge Jed Rakoff's rejection of a sweetheart fraud settlement the SEC had gift-wrapped for Citigroup turned a spotlight on how the public interest is routinely sacrificed on the altar of expediency, and how the lack of accountability makes it much more likely that the wrongdoers will do wrong again and again without paying a real price.