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Federal Bailouts

A Federal Bailout For Detroit's Pensions?

Richard (RJ) Eskow | Posted 09.21.2013 | Politics
Richard (RJ) Eskow

Our cities were once engines of growth and prosperity. They're still rich with potential resources, both human and material.  But restoring them will require faith -- in the future, in our people, and in our ability to meet and overcome challenges.

Obama's Public-Private Investment Program Earns HUGE Profits

nytimes.com | Eric Dash | Posted 05.25.2011 | Business

American taxpayers are already poised to make unexpected billions from rescuing the nation's banks. Now, they could reap another sizable profit from a...

Is It Time For Another Stimulus Package? Fed's Outlook Revives Debate

DailyFinance | CHARLES WALLACE | Posted 05.25.2011 | Business

With the Federal Reserve adopting a more a pessimistic view of the economic outlook, the revival has been swift in calls for the federal government to...

An S.E.C. Lawsuit Does Little to Strip Away the Secrecy Surrounding Certain AIG CDOs

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

A month ago, the S.E.C. alleged in a complaint that Thomas C. Priore's firm made all sorts of fraudulent transfers for the benefit of himself and ICP, at the expense of investors in the Triaxx CDOs.

Do American Taxpayers Receive Dividends on Repaid TARP Funds?

Ben Arnon | Posted 05.25.2011 | Business
Ben Arnon

I diligently followed the TARP debate and happenings early on. However, at this point there have been so many versions, revisions, and debates about the TARP program that I have lost track.

Citigroup Returns to Banking by Divesting Its Oil Trading Arm

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

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.

SIPC, The Grinch That Grotesquely Stole Christmas

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

The Madoff calamity touched thousands of individuals and families, many of whom lost what amounted to their life savings, and all of whom had trusted the federally authorized SIPC seal of protection.

Intolerable Cruelty: Our Sick Children's Indebted Future

Robyn O'Brien | Posted 11.17.2011 | Healthy Living
Robyn O'Brien

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

The Payoff Patriots

Vanessa Carmichael | Posted 05.25.2011 | Politics
Vanessa Carmichael

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

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

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

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?

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

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

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.

Latest Consumer Spending Data Much Worse Than Expected

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

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.

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

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

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

Federal Stimulus: Are Construction Projects Stimulating You?

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

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

Playing the Hand that Life Deals You

Don McNay | Posted 11.17.2011 | Healthy Living
Don McNay

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.

Outsourcing Top Management: The Lesson of Fiat-Chrysler

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

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.

GDP, Federal Spending Now Equal

bloomberg.com | Mark Pittman and Bob Ivry | Posted 05.25.2011 | Business

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...

The "Populists" Are Right About Wall Street

Thomas Frank | Posted 05.25.2011 | Business
Thomas Frank

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?

Pendulum Swings Against Business, Banks, and Bonuses

Tim Berry | Posted 05.25.2011 | Business
Tim Berry

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?

Take the Steering Wheel out of Geithner's Hands

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

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.

AIG Bonus Money is Kid's Play: Literally

Jennifer Delaney | Posted 11.17.2011 | Healthy Living
Jennifer Delaney

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.

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

Vicky Ward | Posted 05.25.2011 | Business
Vicky Ward

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

Geithner's Last Stand

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

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.

Capitalism and Moral Sentiments

Jeffrey Sachs | Posted 05.25.2011 | Business
Jeffrey Sachs

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.

A Real Simple Solution to the AIG Bonus Mess

Andy Ostroy | Posted 05.25.2011 | Politics
Andy Ostroy

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?