"Too Big To Fail": A Bailout Hoax
If "illiquidity is the core economic problem," as policy makers argue, why is then the government's injection of enormous amounts of liquidity failing to unfreeze the credit market?
If "illiquidity is the core economic problem," as policy makers argue, why is then the government's injection of enormous amounts of liquidity failing to unfreeze the credit market?
New York Times | Rick Moranis | Posted 03.04.2009 | Comedy
THANK you for calling BadBank, otherwise known as "Slumdog Billionaire." This call will not be monitored for quality control. One of our customer se...
Mike Garibaldi-Frick | Posted 03.03.2009 | Business
We can continue bailing out the banks and Wall Street or, we can take a more reasonable approach by helping out the middle class in a real tangible way.
Andrew Belonsky | Posted 02.28.2009 | Politics
The right and Republicans have found an enemy far more terrifying than terrorism. It's insidious. It's dangerous. It's un-American. It's, it's nationalization! Oh, the horror!
Mike Garibaldi-Frick | Posted 02.27.2009 | Business
Banks have been ripping-off the middle class for years. In addition to user fees, the middle class pays banks large spreads on mortgages, credit cards and other types of debt.
Saskia Sassen | Posted 02.27.2009 | Business
The shadow banking system is not illegal or clandestine. It is in the open, but it has thrived on the opaqueness of the investment instruments, facilitated by their complexity.
Mairi Beautyman | Posted 02.21.2009 | Green
Somewhere, there's a little black book that contains everything you need to know to create a successful business: In the 21st century, that book says green headquarters.
New York Times | EDMUND L. ANDREWS | Posted 02.21.2009 | Business
WASHINGTON --Even before they have settled into their new jobs, President Obama's economic team faces an acute crisis in the nation's banking system t...
Bill Donius | Posted 02.16.2009 | Business
As a banker this news cycle has been depressing to witness. However, as depressing as it is for me, I can only wonder how dismaying it must be for the average, hard working taxpayer.
AP | STEVENSON JACOBS and DANIEL WAGNER | Posted 02.15.2009 | Business
NEW YORK — The banks may need a bigger bailout. The government is mulling another multibillion-dollar aid package for Bank of America Corp., ra...
Tom McNichol | Posted 02.12.2009 | Business
Why did federal regulators look the other way while The Firm made thousands of risky investments that eventually brought the company to its knees?
Diane Francis | Posted 02.09.2009 | Business
The $50-billion fraud, allegedly perpetrated by New York's Bernie Madoff, is a predictable outcome following the collapse of a speculative bubble. Big bubbles attract bigger crooks.
Allison Mooney | Posted 01.17.2009 | World
We're so focused on "user experience" and design that perhaps we get ahead of ourselves and miss the fundamentals.
Paul Jenkins | Posted 01.14.2009 | Business
The battle over the bailout of some segments of the US auto industry has become increasingly defined in terms of class, but this hides the fact that the same type of players will benefit from both bailouts.
Eve Tahmincioglu | Posted 01.12.2009 | Business
Everyone thought that the 200 plus workers at a Chicago door and window factory were so quaint, staging an old-fashioned sit-in in today's all-about-m...
Nicholas Brown | Posted 12.29.2008 | Business
I think it's only fair that as a small gesture of good will that any bank that accepts federal bailout money should no longer be allowed to charge any fee for any ATM in its control.
AP | MARCY GORDON | Posted 12.22.2008 | Business
WASHINGTON — The FDIC will guarantee up to $1.4 trillion in U.S. banks' debt for more than three years as part of the government's financial res...
Saskia Sassen | Posted 12.21.2008 | Business
It is almost irrational to give finance the instruments to do more of what has brought us to the brink. The prior bailouts each contributed one more element to the unsustainable leveraging we have now reached.
Vivian Norris de Montaigu | Posted 12.14.2008 | Style
Obama's mother knew a thing or two about how women, when in charge of the economy, be it of a household, a bank, or a country, can make a real difference.
Charlie Rose | Posted 11.22.2008 | Business
Rob Kall | Posted 11.15.2008 | Business
Come November 5th, when the election is over, Congress has an obligation to protect us from the final days of Bush and Cheney.
Neil Grossman | Posted 11.01.2008 | Business
Congress has asserted that they are most interested in protecting the interests of the American Taxpayer. I can only summarize my comments by saying "Don't Believe Everything You Hear."
Stephen Herrington | Posted 11.01.2008 | Home
The Republican House plan would be a government bailout with the prospect that bank contributions would cover the costs over time. But those contributions will not come out of bank profits but will be passed on to consumers, further adding to the costs of credit.
Neil Grossman | Posted 10.29.2008 | Business
JPMorgan ends up with the good part of Wamu for a song -- the taxpayer ends up with "Toxic Waste." Seems to me like a great deal for the taxpayer.
W. David Stephenson | Posted 10.24.2008 | Business
What we need isn't more regulation of banking and business in general, but "smart" regulation.
Ismael Hossein-zadeh | Posted 03.05.2009 | Politics