iOS app Android app

Federal Bailout

California Dreamin': How the State Can Beat Its Budget Woes

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

The world's eighth largest economy is not going quietly into that pit of debt and devastation that has devoured Third World countries whole.

Coming Soon to a Neighborhood Near You

Michael J. Panzner | Posted 05.25.2011 | Politics
Michael J. Panzner

After almost four decades of relative calm and complacency, there are signs that the social mood is beginning to sour.

Bear Stearns Rescue Backed Amid Concerns

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — Federal Reserve Chairman Ben Bernanke and the Bush administration on Thursday defended the decision to rescue Bear Stearns amid que...

Fix Geithner's Gaffes

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

When I hear our Treasury Secretary make a completely disingenuous point, it is impossible not to think that he isn't one of Wall Street's inside guys.

Bailout Spending Could Surpass $1 Trillion

Washington Post | Lori Montgomery and David Cho | Posted 05.25.2011 | Business

Lawmakers on Capitol Hill are bracing for a fresh request from President Obama for another massive round of spending to shore up the nation's falterin...

Ryan Grim

Fed Official Confronted Over Bailout Spending Secrecy (VIDEO)

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

Where's the bailout money going? If the federal government told you, then banks might stop taking it. That's the argument made by Federal Reserve Vic...

Bush May Ask Congress To Tap The Remaining Bailout Money Next Week

AP | DAVID ESPO | Posted 05.25.2011 | Politics

WASHINGTON — The Bush administration is considering telling Congress as early as next week that it wants to tap the unused $350 billion of the f...

Paulson Debating Whether To Ask For Second Installment Of Bailout

Wall Street Journal | DEBORAH SOLOMON and MICHAEL R. CRITTENDEN | Posted 05.25.2011 | Business

U.S. Treasury Secretary Henry Paulson is debating whether to ask Congress for the second installment of the $700 billion bailout package, concerned ab...

AIG Gets $40 Billion Injection From Treasury

Reuters | Posted 05.25.2011 | Business

American International Group Inc says it has completed completed a $40 billion preferred stock sale to the U.S. Department of Treasury under TARP. ...

Bail Out the Workers, Not the Plants

Amitai Etzioni | Posted 05.25.2011 | Business
Amitai Etzioni

Rescuing the Big Three is the contemporary version of saving the buggy and whip makers instead of investing in tomorrow's equivalent of car makers -- green industries, public transportation, and new technologies.

The Missing Debate on Poverty

Linda Basch | Posted 05.25.2011 | Politics
Linda Basch

The candidates' strategic messages on the welfare of the middle class were loud and clear during the debate, but it was their silence on poverty that was truly deafening.

Martial Law?

Jayne Lyn Stahl | Posted 05.25.2011 | Business
Jayne Lyn Stahl

This bailout is nothing more than the biggest bait and switch swindle that has ever been perpetrated on the American taxpayer.

McCain's "Daring" Actions

Robert Davey | Posted 05.25.2011 | Media
Robert Davey

McCain's suspension of politics could be called altruistic and apolitical, or opportunistic and ultra-political.

Who Watches the Watchers?

Sheila Tendy | Posted 05.25.2011 | Business
Sheila Tendy

This financial crisis is complex. But it's too important not to understand.

Amnesty for Wall Street and Questioning Paulson's Motives

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

The response to this situation has been as horrible as the Hurricane Katrina response. It's just that it's about finance, so not as many people easily understand it.