Federal Bailouts

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Citigroup Returns to Banking by Divesting Its Oil Trading Arm

Raymond J. Learsy | Posted 10.14.2009 | Business

Read More: Energy, Federal Bailouts, Phibro, Goldman Sachs, Citigroup, Morgan Stanley, Occidental Petroleum, Lehman, Oil, Treasury, Federal Reserve, Andy Hall, Jpmorgan, Bailouts, Business News

It is scandalous that those in government vested with the responsibility of financial oversight have permitted a culture of "heads they win, tails we lose" to take hold and to grow into a financial Frankenstein.

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Intolerable Cruelty: Our Sick Children's Indebted Future

Robyn O'Brien | Posted 09.30.2009 | Living

Read More: Federal Bailouts, Gas, Federal Budget Deficit, Children, Oil, Diabetes, Obesity, Health Care, Health Care Costs, Food Prices, Federal Budget, Allergies, Living News

In 1946, Harry Truman said, "A nation is only as healthy as its children." What have we done to ours?

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The Payoff Patriots

Vanessa Carmichael | Posted 11.11.2009 | Politics

Read More: Taxes, Federal Bailouts, Farm Bill, Federal Budget Deficit, Corn, Health Care Reform, Agribusiness, Health Care, Federal Budget, Politics News

While many in the heartland fashion themselves as fiscally conservative, the reality of federal spending tells a different story.

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Economic 9-11: Did Lehman Brothers Fall or Was It Pushed?

Ellen Brown | Posted 10.23.2009 | Business

Read More: Naked-Short-Selling, Gordon Brown, Alistair Darling, Federal Bailouts, Bank for International Settlements, Sec, Global Currency, Financial Stability Board, Globalization, Northern Rock, Timothy Geithner, Lehman Brothers Bankruptcy, September 11th, Business News

Why was Bear Stearns saved from bankruptcy but Lehman Brothers was not? How could the decision makers not realize the dire consequences of letting Lehman go down?

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Why the Senate Should Confirm Bernanke But Make the Fed More Accountable, Too

Robert Reich | Posted 09.25.2009 | Business

Read More: Tarp, Federal Bailouts, Fed Chairman, Wall Street, Bailout, Fed, Main Street, Fed Chairman Ben Bernanke, Federal Reserve, Ben Bernanke, Barack Obama, Fed Chair Bernake and US Recession, Business News

If you'd have asked me three months ago whether Bernanke would be confirmed, I'd have said no. Congress (and much of the public) is still furious about the bank bailouts, as well they should be.

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Latest Consumer Spending Data Much Worse Than Expected

Sheldon Filger | Posted 09.17.2009 | Business

Read More: Federal Reserve, Commerce Department, Retail Sales, Consumer Spending, Recession, Interest Rates, Deleveraging-the-Economy, American Consumerism, Automaker Bailout, Wall Street Bailout, Obama Administration, Fiscal Responsibility, Global Economic Crisis, Unemployment Numbers, Global Recession, Federal Bailouts, Consumer Confidence, Unemployment, Economic Stimulus Package, Federal Budget Deficit, Cash for Clunkers, Recession Fears, Consumers, Recession Watch, Business News

The centrality of the U.S. consumer to the overall global economy has meant his pulling back on a debt induced shopping spree, which has sparked a worldwide synchronized recession.

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Fed Survey: Economy Has "Begun To Stabilize, Albeit At A Low Level."

AP | JEANNINE AVERSA | Posted 08.29.2009 | Business

Read More: Economic Recovery, Federal Bailouts, Fed Survey, Federal Budget Deficit, Economic Crisis, Economic Meltdown, Federal Reserve, Ben Bernanke, Business News

WASHINGTON — The economy is finally showing signs of stabilizing in some regions of the country – especially in parts of the Northeast and...

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Federal Stimulus: Are Construction Projects Stimulating You?

Jerry Chautin | Posted 08.27.2009 | Business

Read More: Government, Federal Bailouts, Small Business, Obama Stimulus Plan, Economic Stimulus Package, Sba, Procurement, Contracting, Stimulus, Karen Mills, Business News

There can be a symbiotic relationship between small-business construction contractors, SBA and federal procurement officers.

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Playing the Hand that Life Deals You

Don McNay | Posted 08.22.2009 | Living

Read More: Children, Main Street and Wall Street, Handicapped Children, Chartered Financial Consultant, Bailouts, Poker, Trial Magazine, Northern Kentucky, Gambling, Goldman Sachs, Car Financing, Bailout, Richmond Ky, Trial Lawyers, McNay Settlement Group, Brian Injured Babies, Tennessee Trial Lawyers, Grandparents, Joe McNay, Fox Business News, Clu, Goldman Sachs Bonuses, Son of a Son of a Gambler, Million Dollar Round Table, Chartered LIfe Underwriter, Wall Street Bonuses, Washington, Positive Attitude, Main Street, Obama, Drugs, Special Needs Children, Cincinnati, Teen Pregnancy, Financial Crisis, Substance Abuse, American College, Personal Finance, Blackjack, Kentucky Trial Lawyers, Professional Gambler, Structured Settlement, Msfs, Twitter, Chfc, Kentucky, Don McNay, Sub Prime Mortgages, Parenting, Facebook, Structured Settlements, Federal Bailouts, Credit Cards, American Association for Justice, Wall Street Crisis, Wall Street, Vanderbilt University, Financial Consultant, Natalie Merchant, Casino, Brain Injury, Eastern Kentucky University, Certified Structured Settlement Consultant, Newport Ky, Cbnc, Living News

I've dealt with hundreds of parents of special needs children. They take the hand that is dealt to them. And usually turn that hand into aces.

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Outsourcing Top Management: The Lesson of Fiat-Chrysler

Dean Baker | Posted 06.04.2009 | Business

Read More: Free Trade, Auto Bailout, Federal Bailouts, Wall Street Protectionism, Fiat, Chrysler Bailout, Protectionism, Chrysler, Business News

The economists and the media somehow failed to notice that professionals were intentionally sheltered from international competition and instead just trumpeted them as the winners in the global economy.

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GDP, Federal Spending Now Equal

bloomberg.com | Mark Pittman and Bob Ivry | Posted 05.01.2009 | Business

Read More: Federal Bailouts, Gdp, Federal Bailouts Equal Gdp, Federal Spending, Federal Bailouts Gdp, Federal Bailouts Gdp Equal, Gdp Federal Bailouts, Business News

March 31 (Bloomberg) -- The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the valu...

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The "Populists" Are Right About Wall Street

Thomas Frank | Posted 04.25.2009 | Business

Read More: Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Business News

How has a popular Democratic president with a convincing electoral mandate failed to translate the opportunities of recent events into the "change" for which voters clamored?

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Pendulum Swings Against Business, Banks, and Bonuses

Tim Berry | Posted 04.25.2009 | Business

Read More: Small Business, Aig Bonuses, Economy, Aig, Business, Bank Bonuses, Recession, Federal Bailouts, Big Business, Bailout Bandits, Profits, Bailout, Banks, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Business News

Anybody who hasn't been living in a cave knows how bonuses got a bad name: excess and greed in large business. But what those of us in small business, where a bonus is a reward for a job well done?

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Take the Steering Wheel out of Geithner's Hands

Arianna Huffington | Posted 04.23.2009 | Politics

Tim Geithner's actions throughout his career, including his time as Treasury Secretary, are proof that the toxic thinking that got us into this mess is part of his DNA.

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AIG Bonus Money is Kid's Play: Literally

Jennifer Delaney | Posted 04.23.2009 | Living

Read More: Aig, Aig Bonuses, Federal Bailouts, Bailout Bandits, Charity, Children, Economy, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Living News

If AIG were to donate the 418 bonuses to charity, it would be a brilliant preemptive PR move to neutralize its current out of touch public persona. Here's what the money could provide.

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If We 'Kill the Rich', Don't We Kill the Dream?

Vicky Ward | Posted 04.23.2009 | Business

Read More: Class Warfare, Aig Bonuses, Economic Crisis, Economy, Aig, Bank Bonuses, New York, New York City, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, New York/New York, Washington/United States, Business News

New York is the national epicenter of ostentation and consumerism. Now those qualities are considered tasteless. Wealth has become a dirty word.

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Geithner's Last Stand

Robert Kuttner | Posted 04.22.2009 | Politics

The indignation over AIG will serve a useful purpose if it focuses public attention on the much larger issue of the failure of the entire approach that Tim Geithner and Larry Summers are using to rescue the banking system.

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A Real Simple Solution to the AIG Bonus Mess

Andy Ostroy | Posted 04.21.2009 | Politics

Read More: Retention Bonuses, Aig, Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Politics News

Rather than allow these bonuses to remain intact or to take them away outright, how about deferring them until the companies and their troubled business units turn their financial fortunes around?

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Capitalism and Moral Sentiments

Jeffrey Sachs | Posted 04.21.2009 | Business

Read More: Aig, Wall Street Bonuses, Tom Friedman, John Maynard Keynes, David Brooks, Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig Federal Bailouts, Bonuses, Bank Bonuses, Recession, AIG Scandal, Bailout Outrage, Business News

The fascinating thing about this Wall Street greed is that it is so deeply ingrained that neither the bankers themselves nor our economic leadership understands just how disgusting and dangerous it is.

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Goldman Sachs, Obama, Money

Bob Ostertag | Posted 04.20.2009 | Politics

Have things changed so dramatically that Obama will have room to dump his biggest campaign contributers overboard? That question will be answered in the coming weeks.

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The Politics of the Populist Moment

David Sirota | Posted 04.20.2009 | Politics

Read More: Timothy Geithner, Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Politics News

I appeared on ABC's World News Tonight and ABC's Nightline last night about the economic meltdown. You can watch the Nightline clip here. As I've w...

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AIG, Toxic Assets and the Call to Personal Sacrifice

Raymond J. Learsy | Posted 04.20.2009 | Business

If there has ever been an example of "sow and ye shall reap" gone awry, it is the madcap stripping of the national treasure by those who have brought us to the edge of the cliff.

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Smoking Gun Points to Geithner

Earl Ofari Hutchinson | Posted 04.20.2009 | Politics

Read More: Aig, Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Politics News

How long will and should Obama continue to defend Geithner in the face of the smoking gun proof of what he knew about AIG and when he knew it?

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Defining Extravagance Up

Jamie Malanowski | Posted 04.20.2009 | Politics

Read More: Worldcom, Aig, Tyco, Daniel Patrick Moynihan, Bonuses, Enron, Economy, Aig Bonuses, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Wall Street Bonuses, AIG Scandal, Politics News

It's admirable that our leaders now want to be frugal with our money but let's remember what the taxpayers themselves have been buying with money not rendered unto Uncle Sam.

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90% Tax? Now, We Really are Screwed

Henry Blodget | Posted 04.20.2009 | Business

Read More: Aig, Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Bailout Outrage, Business News