One Year Later: The Post-TARP Questions We Should Be Asking
While we can't decisively compare outcomes of choices that were made to alternative choices, we can ask why certain decisions haven't even been tackled.
While we can't decisively compare outcomes of choices that were made to alternative choices, we can ask why certain decisions haven't even been tackled.
wsj.com | ELLEN E. SCHULTZ and TOM MCGINTY | Posted 11.03.2009 | Business
Pensions for top executives rose an average of 19% in 2008, with more than 200 executives seeing pensions increase more than 50%, according to a Wall ...
Anna Burger | Posted 11.02.2009 | Business
When I think about what still needs to be done to build a true economic recovery, I think about workers such as Maria Guerra.
Joseph A. Palermo | Posted 11.02.2009 | Business
A criminal gang of rich white guys in New York did some extremely reckless things with the nation's collective wealth, and the middle class got clobbered.
Jill Schlesinger | Posted 10.26.2009 | Business
Limiting executive compensation is a terrific way to appease the masses and make it look like you're doing something without having to embark on the hard work of true regulatory reform.
Chris Weigant | Posted 10.26.2009 | Politics
The real head-scratcher for serious media-watchers right now is what the "war" between the White House and Fox News was meant to distract us from this week. The "war" itself is laughable, for a number of reasons.
HuffingtonPost.com | Jason Linkins | Posted 10.25.2009 | Business
Kenneth Feinberg is the White House Special Master for Executive Compensation, and he is tasked with placing restrictions on the pay showered upon the...
Huff TV | Posted 10.23.2009 | Business
Arianna Huffington and Gayle King of "O" magazine joined the Morning Joe round table on Friday morning to discuss Dick Cheney's recent criticism of t...
Bloomberg.com | Hugh Son | Posted 10.23.2009 | Business
Four of five managers in AIG's Financial Products unit that are under the jurisdiction of pay master Kenneth Feinberg didn't make good on pledges to r...
Dean Baker | Posted 10.23.2009 | Business
Wall Street badly needs fixing. Fortunately we have the tool to do the job. It's called a financial transactions tax (FTT) - a modest tax on trades of stock, futures, options and other financial instruments.
Washington Post | Steven Pearlstein | Posted 10.22.2009 | Business
With financial markets booming even as Main Street is still largely mired in recession, policymakers in Washington on Thursday were scrambling to cont...
Aaron Zelinsky | Posted 10.22.2009 | Business
The Obama Administration recently announced pay limits for bailed-out CEOs. But unless the IRS changes its policies, taxpayers will continue to subsidize unreasonable compensation paid by publicly held corporations.
AP | JEANNINE AVERSA | Posted 10.22.2009 | Business
WASHINGTON — The Federal Reserve would police banks' pay policies to ensure they don't encourage employees to take reckless gambles like those t...
Fortune's Stanley Bing | Posted 10.22.2009 | Business
Thousands were involved, of course, but these 175 must stand in the forefront of their cadre, trembling, as their golden parachutes are folded up, their ceremonial swords broken over the knee of the government.
Jill Schlesinger | Posted 10.22.2009 | Business
Feinberg is not cutting total compensation, he's changing the composition of pay packages -- less cash, more stock with longer vesting periods. In other words, the top guys will have more skin in the game.
Mark Green | Posted 10.22.2009 | Politics
Is the reported, imminent slapdown by "pay czar' Ken Feinberg of the pay packages at seven bailed out firms the breakthrough critics have been waiting for?
Allison Kilkenny | Posted 10.22.2009 | Politics
The Times shows its agenda when it refers to the not-yet-existing AIG bonuses slashes as "the humbling downfall of the once-proud giants" while all those pesky citizens won't stop with the "populist animosity."
AP | MARTIN CRUTSINGER | Posted 10.22.2009 | Politics
WASHINGTON — The Obama administration will order companies that received huge government bailouts last year to slash the base salaries of their ...
Danny Schechter | Posted 10.17.2009 | Business
In the middle of the bath / In the middle of the bath I call your name / Oh Goldman, oh Goldmamn, my love will turn on you / My love will turn on you
Robert Creamer | Posted 10.16.2009 | Politics
If world-class, reckless risk-taking continues to receive massive economic rewards, then we are headed to another financial collapse in two years -- or five years; or fifteen years.
Alan Schram | Posted 10.15.2009 | Business
Now that Goldman Sachs is a regular commercial bank, it actually trades more. This makes sense: if the US Treasury covered my losses, I would also be happy to take major risks.
Rob Shapiro | Posted 10.15.2009 | Business
We didn't need this latest and most conspicuous instance of greed at Goldman to know that the compensation provided to the uppermost echelons of American business is out of control.
David M. Roberts | Posted 10.15.2009 | Business
A recent academic study by Fahlenbrach & Stulz actually shows that on average the CEO's in the financial crisis did not take big gains while shareholders suffered losses. The median loss for a CEO was $5.1million.
Fortune's Stanley Bing | Posted 10.14.2009 | Business
The Dow is about to go over 10,000 again. Won't that be nice? Yay for those cockeyed optimists! They make the world go 'round!
New York Times | ANDREW ROSS SORKIN | Posted 10.13.2009 | Business
By most analyst estimates, the annual bonus pool will swell to more than $23 billion. In its second quarter, Goldman disclosed it had put aside $11.4 ...
Dear John Thain | Posted 11.04.2009 | Business