Banking Crisis

Arm the COP on the Bank Beat

Robert L. Borosage | Posted 05.22.2009 | Politics

Read More: Pecora Commission, Banking Crisis, Congressional Oversight Panel, Nancy Pelosi, Timothy Geithner, Economic Crisis, Richard Neiman, Politics News
Robert L. Borosage

We want to know what happened. We want those responsible to be held accountable and we want to make certain it can't happen again. Will Congress step up?

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Keep the Bank Pirates on the Run

Robert S. McElvaine | Posted 05.20.2009 | Business

Read More: Greed, Credit Card Abuses Legislation, Populism, Class Warfare, Bankruptcy, Economic Crisis, Credit Cards, Obama Credit Card Abuses, New Depression, Global Recession, Credit Card Rate Increases, Banks, Banking Crisis, Financial Crisis, Great Depression, Business News
Robert S. McElvaine

President Obama seems to be hearing the growing outcry against the big bank pirates' declaration of war on the American people through their outrageous increases in credit card interest rates.

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Paul Krugman Angers Austria's Bankers, Politicians by Stating the Obvious

Sheldon Filger | Posted 05.20.2009 | Business

Read More: Great Depression, Austria, International Monetary Fund, Banking Crisis, Imf, Global Financial Crisis, Paul Krugman, Nobel Prize, Global Economic Crisis, Business News
Sheldon Filger

Nobel laureate Paul Krugman stirred the ire and indignation of Austria's political and financial establishment by merely stating the obvious. No European state is in as precarious a state as Austria.

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Citigroup Credit Losses Rising Rapidly

Calculated Risk | Posted 05.18.2009 | Business

Read More: Citibank, Financial Crisis, Banking Crisis, Economy, Citigroup Credit Losses, Citigroup, Business News

First, Citi has committed to "tell the market exactly" the results of the stress tests: [I]t made sense to delay the launch of the exchange offer...

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Brazil's Lula: U.S., Sort Your Banks Out

Diane Francis | Posted 05.17.2009 | World

Read More: U.S. Economy, Commodities, World Economic Crisis, U.S. Banking Crisis, Speculation, Futures Arkets, Banking Crisis, Brazil, Economy, World Economic Forum, World News
Diane Francis

"Like the Titanic, no one will escape," Lula said. "First class, third class, everyone will sink with the boat. The role of everyone, from the mass media to business, labor ad politicians, must be examined."

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Banks Declare War on America

Robert S. McElvaine | Posted 05.16.2009 | Business

Read More: Greed, Populism, Bankruptcy, Capitol One, Economic Crisis, Bank of America, Recession, New Depression, Credit Cards, J.P. Morgan Chase, Credit Card Rate Increases, Citibank, Financial Crisis, Banking Crisis, Banks, Class Warfare, Amex, Great Depression, Business News
Robert S. McElvaine

These rate increases -- some to as high as 29 percent -- are exactly the opposite of what the bad economy needs for recovery.

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The Battle With The Banks: A Time to Speak Out

Danny Schechter | Posted 05.16.2009 | Business

Read More: Larry Summers, Paul Krugman, Bank Bailout, Banks, Lehman Brothers, Economic Crisis, Banking Crisis, Business News
Danny Schechter

If anything, this seems the time to get the pitchforks going, to intensify the pressure, to make noise and press for change.

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Trust but Organize

Mike Lux | Posted 05.15.2009 | Politics

Read More: Banking Crisis, Trust, Democrats, Bank Bailout, Economy, Barack Obama, Progressives, Politics News
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.

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Commercial Real Estate May Be the Next Asset Bubble to Burst

Sheldon Filger | Posted 05.11.2009 | Business

Read More: Financial Crisis, Toxic Assets, Banking Crisis, George Soros, Real Estate Bubble, Commercial Real Estate, Global Economic Crisis, Business News
Sheldon Filger

The blow about to be delivered by this next bursting asset bubble may prove to be mortal for the global economy.

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The Banking Crisis, S&Ls, Virginia and McAuliffe

Mike Stark | Posted 05.09.2009 | Politics

Read More: Terry McAuliffe, Banking Crisis, S&L, Netroots, Dccc, Savings and Loan Industry, Financial Crisis, Mcauliffe Virginia, Savings and Loan Scandal, Politics News
Mike Stark

Everything that was bad about democratic politics at the national level in the '80s and '90s was exemplified by Terry McAuliffe's leadership.

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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
Sheila Tendy

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
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.

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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
Diane Francis

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

Read More: Imf-Europe-Economy, Global Economy, Economic Crisis, Iceland Economic Crisis, Iceland Global Economic Crisis, Michael Hudson, Iceland Economy Collapse, Iceland, Iceland Bankrupt, Global Economic Crisis, Iceland Banks, World Economy, Iceland Economy, Iceland National Bankruptcy, IMF Bailout, Banking Crisis, Imf, Iceland Financial Crisis, Iceland Bank Crisis, World News
Iris Erlingsdottir

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
Diane Francis

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
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.

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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
Huff TV

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
Diane Francis

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
Stephen Herrington

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
Max Keiser

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
Lincoln Mitchell

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
Diane Tucker

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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