Banking Crisis

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Finding a Home for Toxic Assets: Where is the Final Resting Place?

Sheila Tendy | Posted 05.09.2009 | Business

Read More: Timothy Geithner, Wall Street Bailout, Bailout, Barack Obama, Toxic Assets, Banks, Banking Crisis, Toxic Assets Plan, Business News

We've heard the bellows of those you know best, "Sell 'em! Get 'em off the books of the banks! Break the credit freeze!" But where does a toxic asset live once it has been sold?

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When the Next Banking Scandal Hits...

Mike Lux | Posted 05.08.2009 | Politics

Read More: Aig, 2009 Obama Administration, Bank Bailout, Tim Geithner, Banking, Banking Crisis, Bailout, Geithner Bailout, Politics News

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.

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Summers/Geithner Plan: Bank Heist One More Time

Diane Francis | Posted 05.08.2009 | Business

Read More: Harvard University, Wall Street, Investment Banks, Tim Geithner, Tim Geithner Bailout, Banking Crisis, Banks, Larry Summers, Traders, D.E. Shaw, Leverage, Financial Crisis, Business News

This plan is more of the same: highly leveraged risk-taking shenanigans facilitated by a naive government and tax dollars.

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Treasury Revisits Rules For Toxic-Asset Sales

Wall Street Journal | MAYA JACKSON RANDALL | Posted 05.07.2009 | Business

Read More: Treasury Secretary, Toxic Asset Sales, Economic Crisis, Treasury, Financial Crisis, Toxic Assets, Banking Crisis, Rules for Toxic Asset Sales, Tim Geithner, Business News

The Treasury Department, facing criticism over its bank-rescue program, said it may allow a broader group of private investors to purchase toxic secur...

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Is the IMF Helping Iceland?

Iris Erlingsdottir | Posted 05.07.2009 | World

Why are the countries that have accepted IMF assistance in the past -- such as South Korea and Argentina -- so bitter over the experience?

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David Frum: Bank CEOs Still In Denial About Bailout

New Majority | Posted 05.07.2009 | Politics

Read More: Tarp, Banks, Banking Crisis, Tarp Funds, TARP Money, Politics News

If the Politico report is to be believed, some of the bank CEOs who met with President Obama last week actually used some of their scarce time to defe...

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G-20 Thugs Attack Financial Injustice

Diane Francis | Posted 05.03.2009 | Business

Read More: Global Financial Crisis, Aig, Sarkozy, Global Crisis, Economic Crisis, Economy, g20, Banking, Obama, Banking Crisis, Wall Street, G20 Protests, Royal Bank of Scotland, London-United Kingdom, United Kingdom, Business News

I'm not condoning street violence but it will be helpful if political leaders understand that economic ruination by others is also a violent act.

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Paralytic Debt Poisoning

Max Keiser | Posted 05.02.2009 | Business

Read More: Banking Crisis, Financial Crisis, Debt, Global Financial Crisis, Bank Bailout, Max Keiser, Pensions, Howard Beale, Pbgc, Business News

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.

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Arianna Discusses Banks and the Economy with Nouriel Roubini on CNBC's Squawk Box

Huff TV | Posted 05.01.2009 | Business

Read More: Carl Quintanilla, Roubini Nationalization, Video, Squawk Box, Nouriel Roubini, Cnbc, Economy, Economic Crisis, Becky Quick, Banks, Banking Crisis, Financial Crisis, Roubini Dr Doom, Arianna, Arianna Huffington, Joe Kernen, Business News

Arianna and the Squawk Box team talked with Nouriel Roubini on CNBC this morning. Hear Roubini's opinion on the latest plan to deal with toxic assets ...

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Gold Not Money: Bling's the Thing

Diane Francis | Posted 05.01.2009 | Business

Read More: Gold Standard, Gold Stocks, General Motors, Money, Bank Bailouts, Economic Meltdown, Bailouts, Gold, Financial Crisis, Banks, Gold Producing, Banking Crisis, Credit Crisis, Global Financial Crisis, Business News

The future is always a matter of opinion, as is political competency, which is why it's a good idea to own a little gold.

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U.S. Banking and 52 Card Pickup

Stephen Herrington | Posted 04.30.2009 | Business

Read More: Depression, Bailout, Subprime Mortgage Crisis, AIG Bailout, Banks, Banking Crisis, Henry Paulson, Aig, Timothy Geithner, Credit Crisis, Credit Default Swaps, Recession, Economy, Business News

Many have argued, and correctly, that the banking community would resolve these ills on their own. Let them. Just don't let them take down the country while trying to save themselves.

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"Let Them Have Stained Carpets" - Obama's Marie Antoinette Moment

Max Keiser | Posted 04.29.2009 | Business

Read More: Banking Crisis, Oligarchs, Banking Bailout, Goldman Sachs, Max Keiser, Rico, President Obama, Business News

President Obama. Step away from the Goldman Sachs banker and smell the Revolution brewing! People are angry.

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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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Joshua Cooper Ramo: Surprise! Global Financial Crisis Could Turn China Into A Superpower

Diane Tucker | Posted 10.11.2009 | World

Read More: Obama Cabinet, China Tibet Crackdown, China Products, World Economy, Henry Kissinger, Time Magazine, Subprime Mortgage Crisis, President Obama, 9/11, Banking Crisis, University of Michigan, Bill Browder, Richard Nisbett, Diane Tucker, Hermitage Fund, China Economy, China Human Rights, Joshua Cooper Ramo, Global Financial Crisis, China, The Atlantic, Age of the Unthinkable, Chinese Financial Crisis, American Superpower, Superpower, Investment Banks, Leveraged Buyout, Subprime Mortgage Market, Stock Market, Free Market, New York/New York, Books, World News

The Chinese banking system has been through so much stress during the last few decades, they are in a much better position than the U.S. to deal with the global financial crisis, says Joshua Cooper Ramo.

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Why The Banking Crisis Is Far From Over: Newsweek

Newsweek | Kenneth Rogoff and Carmen Reinhart | Posted 04.21.2009 | Business

Read More: Newsweek, Banking Crisis Not Over, Economy, Financial Crisis, Banking Crisis, Newsweek Banking Crisis, Recession, Business News

The good news from our historical study of eight centuries of international financial crises is that, so far, they have all ended. And we confidently ...

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Sunday Roundup

Arianna Huffington | Posted 04.21.2009 | Politics

Read More: Wall Street Bailout, Bailout, Aig Bonuses, Auto Loan, Banking Crisis, Zombie Banks, Tonight Show, Obama on Leno, Student Loans, Obama Special Olympics, Politics News

Barack Obama's Special Olympics line on Leno got all the headlines, but the night's real money quote was his saying that his administration plans to "set up a securitized market for student loans and auto loans outside of the banking system" in order to "get credit flowing again." Excuse me, but isn't that what the $700 billion bank bailout was supposed to do? So what happened? Instead of lending the billions we gave them, Obama explained to Leno, the bailed out banks "are keeping it in the bank because their balance sheets had gotten so bad." Imagine that: zombie banks using taxpayer money to stay afloat. If the White House really didn't see that one coming, it's no wonder the ferocity of the public's reaction to the AIG bonuses caught them so off-guard.

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The Treasury's Bail-Out Plan Explained

Hale "Bonddad" Stewart | Posted 04.21.2009 | Business

Read More: Economy, Tarp, Banks, Banking Crisis, Wall Street, Economic Crisis, Business News

The best idea we've had so far is to make one big bank out of the remaining taxpayer funds.

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CNBC's Haines Fights Dem Rep. Sherman On AIG Bonuses (VIDEO)

HuffingtonPost.com | Jason Linkins | Posted 04.20.2009 | Politics

Read More: Cnbc, Video, Brad Sherman, Banking Crisis, Steven Pearlstein, Mark Haines, Washington Post, Bonus Outrage, Politics News

Owning these CNBC hacks: it's not just for cable TV comedians anymore! Via the folks at TPM, here's video of CNBC's Mark Haines, who just cannot imag...

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Stop the Financial Services "Super Czar" (Updated)

Don McNay | Posted 04.20.2009 | Business

Read More: Fiddler on the Roof, Wall Street Bailout, Populism, Hank Paulson, Shelia Bair, Main Street, Regulation, Bailout, Insurance, Obama Average Americans, Washington, Kentucky, Constitution, Wall Street Bonuses, Lexington KY, National-Association-of-Insurance-Commissioners, Personal Finance, State-Insurance-Regulators, Fdic, Financial Services, Systemic-Risk, Aig, Don McNay, Representative-Government, Insurance Companies, FDIC Chairman Sheila Bair, Barack Obama, Wall Street Regulators, Tim Geithner, Deregulation, Car Czar, Banking Crisis, Ben Bernanke, Systemic Risk Regulator, House Financial Services Committee, Bailout Outrage, Business News

There has been talk about appointing a new "Systemic Risk Regulator." This "Super Czar" would oversee all of the financial services industry. We had a "Super Czar" last year. His name was Henry Paulson.

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What Obama Said Last Night That Really Was Controversial [UPDATED]

HuffingtonPost.com | Jason Linkins | Posted 04.20.2009 | Politics

Read More: The Tonight Show, Video, Jay Leno, Tim Geithner, Banking Crisis, Financial Crisis, Barack Obama, Tarp, Politics News

While everyone was losing their minds at Obama's ill-advised "Special Olympics" quip, there was an interesting part of the interview on the banks that seems to have gone unremarked upon.

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US Dollar Devaluation as Predicted

Diane Francis | Posted 04.19.2009 | Business

Read More: Sub-Prime, Congress, Economic Crisis, Lobbying, Bonds, Banking Crisis, Credit Crisis, Obama, China, Recklessness, Geithner, Presidency, Bush, Bernanke, Saudi Arabia, Henry Paulson, Business News

The Chinese are starting to switch from investing in U.S. T-bills to buying hard assets for stockpiling or acquiring corporations at bargain-basement ...

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Bank? Who Needs a Bank? Well, Who Needs A Credit Union?

Remar Sutton | Posted 04.17.2009 | Business

Read More: Financial Crisis, Banking Crisis, Aol Walletpop, Andy Sernovitz, Credit Unions, Business News

The question isn't "Why aren't credit unions taking advantage of the moral mess banks are drowning in?" The question is, "Why aren't you joining a credit union right now?"

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Banking System Overhaul Coming: WSJ

Huffington Post via WSJ | Julie Satow | Posted 04.16.2009 | Business

Read More: Bank Overhaul Geithner, Banking-System, Banking System Overhaul, Banking, Geithner Bank Overhaul, Banking Crisis, Banking-Overhaul, Obama Banking, Timothy Geithner, Overhauling Banking System, Bank Overhaul, Business News

As outrage over bonuses paid to top AIG executives and other executive pay scandals mount, the Obama administration has created a plan to revamp finan...

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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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