Federal Reserve Bank of New York

This Bailout Could Really Pay Off For Taxpayers

Reuters | Posted 05.09.2012

Read More: Treasury Department, Video, Government Bailout, Reuters, Aig, Federal Reserve, American International Group, U.S. Taxpayers, Federal Reserve Bank of New York, Maiden Lane III, Government Accountability Office, Business News

WASHINGTON, May 8 (Reuters) - U.S. taxpayers could realize a profit of more than $15.1 billion from the massive government bailout of insurer Americ...

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Bank CEOs Air Grievances With Dodd-Frank

Reuters | Posted 05.03.2012

Read More: Lloyd Blankfein, U.S. Banks, JPMorgan Chase, Goldman Sachs, Video, Federal Reserve Bank of New York, Dodd-Frank, Wall Street, State Street, Ceos, Reuters, Bank of America, Federal Reserve, Financial Crisis, u.s. Bancorp, Trading, Business News

* Bank CEOs express concerns about Dodd-Frank rules * Fed's Tarullo listens but does not respond at meeting * Stress tes...

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Fed's Secret Sale Of AIG Assets To Goldman Criticized As 'Un-American'

The Huffington Post | Bonnie Kavoussi | Posted 02.10.2012

Read More: Lloyd Blankfein, Goldman Sachs, Video, AIG Securities, Federal Reserve, Aig, William Dudley, New York Fed, Goldman Sachs Aig, Federal Reserve Bank of New York, Goldman, New York Federal Reserve Bank, Business News

The Federal Reserve gave just five banks the chance to bid on $6.2 billion in taxpayer-owned AIG assets before selling them to Goldman Sachs on Wednes...

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Goldman Buys Billions Of Dollars Worth Of Mortgage Bonds

Reuters | Posted 04.09.2012

Read More: Goldman Sachs, Video, Barclays Plc, Credit Suisse Group, Morgan Stanley, Reuters, American International Group, Maiden Lane II, Mortgage-Backed Securities, Federal Reserve Bank of New York, Royal Bank of Scotland PLC, Business News

* Second major Maiden Lane II sale in three weeks * Allows Fed bank to recoup balance of $19.5 bln loan * Bonds were acq...

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Jon Corzine Disputes Notion He Knew About Misused Customer Funds

AP | DANIEL WAGNER and MARCY GORDON | Posted 02.14.2012

Read More: Goldman Sachs Group Inc., Customer Funds, Jon Corzine, Video, Bankruptcy, CME Group Inc, MF Global, House Financial Services Oversight and Investigations Subcommittee, Regulators, U.S. Treasury Security, Federal Reserve Bank of New York, Lawmakers, Commodity Futures Trading Commission, Justice Department, Terrence Duffy, Business News

WASHINGTON — Jon Corzine's three days of testimony on MF Global's collapse offered little to satisfy lawmakers or clients who lost millions when...

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Federal Agency Wants Details On Multi-Billion BofA Settlement

AP | Posted 10.31.2011

Read More: Video, Freddie Mac, Pimco Investment Management, Countrywide, Federal Government, Mortgage Crisis, Bank of America, Fannie Mae, Blackrock Financial Management, Federal Housing Finance Agency, Foreclosure, Federal Reserve Bank of New York, Housing Crisis, Business News

By Associated Press WASHINGTON -- Fannie Mae and Freddie Mac are asking for more information about a proposed $8.5 billion settlement between Bank ...

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Wall Street Bankers 'Answer Call' Of New Careers

Reuters | Lauren Tara LaCapra | Posted 10.17.2011

Read More: Layoffs, Credit Suisse Group AG, Barclays Plc, Unemployment, Morgan Stanley, Wall Street, Theology, Vocation, Financial Crisis, Bankers, Goldman Sachs Group Inc, Federal Reserve Bank of New York, UBS AG, Business News

(Reuters) - In his 23 years as a banker, Adam Greene trotted the globe, closing billions of dollars' worth of deals for some of the world's biggest ba...

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Treasury Officials Weighing Options To Avoid Default

Reuters | Richard Cowan, Rachelle Younglai, Tim Reid and Caren Bohan | Posted 09.05.2011

Read More: 14th Amendment, Treasury Department, Debt Ceiling, Debt Talks, Federal Reserve, Federal Reserve Bank of New York, New York Federal Reserve Bank, Michael Barr, United-States-Treasury-Department, Treasury-Officials, Richard Gregg, Tim Geithner, Debt Limit, Debt Negotiations, Timothy Geithner, Mary Miller, Government Accountability Office, Business News

By Richard Cowan, Rachelle Younglai, Tim Reid and Caren Bohan WASHINGTON (Reuters) - A small team of U.S. Treasury officials is discussing opti...

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BofA Close To Record Settlement Over Mortgage-Securities

Posted 08.28.2011

Read More: Bank Regulation, J.P. Morgan Chase & Co., Settlement, BlackRock Inc., Mortgage Crisis, Mortgage Fraud, Bank of America, Countrywide Financial Corp., High-Profile Investors, Federal Reserve Bank of New York, Mortgage-Securities, Wall Street Journal, Wells Fargo & Co, Housing Crisis, Business News

UPDATE: Bank of America Corp settled nearly all of the claims related to the legacy Countrywide-issued first-lien residential mortgage-backed sec...

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On Obama, Wall Street Shows A Reluctance To Commit

The New York Times | ANDREW ROSS SORKIN | Posted 08.27.2011

Read More: Mark T. Gallogly, Richard Parsons, Robert Wolf, Jamie Dimon, Federal Reserve Bank of New York, Big Banks, Goldman Sachs, William Daley, Morgan Stanley, Lloyd Blankfein, Daniel Boulud, Republican National Committee, Centerbridge Partners, Mitt Romney, Democratic National Committee, John Mack, Democrats, Barack Obama, Marc-Lasry, Ubs, JP Morgan, Michele Bachmann, Wall Street, Daniel Loeb, Banks, Hillary Clinton, Evercore Partners, Jamie Dimon JP Morgan, Roger Altman, Citigroup, Avenue Capital, Republicans, Business News

President Obama's $35,800-a-plate fund-raising dinner was the talk of Wall Street last week....

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More Examiners Will Now Work At Companies They Regulate

Wall Street Journal | AARON LUCCHETTI | Posted 08.20.2011

Read More: Credit Suisse Group AG, Citigroup Inc., Goldman Sachs Group Inc., Barclays Plc, Embeds, Morgan Stanley, Bank of America Corp., J.P. Morgan Chase & Co., Office of the Comptroller of the Currency, Lloyd C. Blankfein, Wall Street Banks, Regulators, Bank of New York Mellon Corp., Federal Reserve Bank of New York, Deutsche Bank AG, UBS AG, Business News

As part of a push to prevent another financial crisis, the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency are incr...

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‘Squatter Rent' Savings May Help U.S. Spending

Bloomberg | Bob Willis and John Gittelsohn | Posted 07.06.2011

Read More: Zillow Inc., Mortgage, Lender Processing Services Inc., Squatter?S Rent, JPMorgan Chase & Co., Housing Data, Federal Reserve Bank of New York, Consumer Spending, Las Vegas, Great Depression, Business News

Millions of Americans have more money to spend since they fell delinquent on their mortgages amid the worst housing collapse since the Great Depressio...

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Credit Card Debt Is Falling, But Only Because Of Defaults, Report Says

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011

Read More: Debt, Recovery, IHS Global Insight, Spending, Odysseas Papadimitriou, Federal Reserve, CardHub.Com, Credit Card Debt, Gregory Daco, Federal Reserve Bank of New York, Recession, Business News

Credit card debt fell last year only because of consumer defaults and bank write-offs, a new study argues. In 2010, U.S. credit card debt dropped ...

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11 Ways Bank of America Practices Hurt Americans

Gordon Whitman | Posted 05.25.2011

Read More: Bank of America, Foreclosure, Wikileaks, Tarp, Hamp, Home Affordable Program, Federal Reserve Bank of New York, Pico, New York Times, Bonuses, Business News

What WikiLeaks has is a mystery, but we already know a lot about Bank of America practices that are hurting Americans and prolonging the economic crisis. Here are the eleven biggest issues.

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Taxpayer Investment Watch: AIG, Mortgage Bonds Showing Positive Signs

The Huffington Post | William Alden | Posted 05.25.2011

Read More: Public-Private Investment Program, Treasury Department, Hong Kong, Ppip, Aig, American International Group, Federal Reserve Bank of New York, Bridgewater Associates, Business News

In two tentative signs of hope that taxpayers will be repaid for the financial sector bailout, AIG used share sales to free up billions, and governmen...

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Geithner Admits Regulatory Failures, Reiterates Support For Empowering Regulators

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: The Financial Fix, Financial Crisis Inquiry Commission, Wall Street Reform, Financial Reform, Fcic, Federal Reserve Bank of New York, Leverage, Megabanks, Tbtf, Federal Reserve, Financial Crisis, Timothy Geithner, Thomas Hoenig, Too Big to Fail, Citigroup, Video, Business News

Treasury Secretary Timothy Geithner and the Federal Reserve's longest-serving top official reiterated their calls Thursday to rein in the nation's fin...

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AIG's Former Derivatives Chief Claims He Could Have Gotten Better Deal For Taxpayers Than New York Fed

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, Aig, Timothy Geithner, New York Fed, Federal Reserve Bank of New York, Wall Street Bailout, Goldman Sachs, Backdoor Bailout, Derivatives, Credit Default Swaps, Video, Business News

AIG's former derivatives chief said Wednesday that taxpayers overpaid Wall Street for their AIG-related holdings, telling a federal investigative pane...

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Here Comes Wall Street's Attack on Social Security

Mark Miller | Posted 05.25.2011

Read More: Tarp, William Greider, Rep. Paul Ryan, Social Security, Wall Street, Federal Deficit, Lehman Brothers, National Commission on Fiscal Responsibility and Reform, Obama, Pete Peterson, Social Security Privatization, Federal Reserve Bank of New York, Obama Social Security, Politics News

Former CEO of Lehman Bros. convenes a fiscal summit for aggressive cuts in Social Security and Medicare benefits. In a hard times economy, we need to protect Social Security's future.

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What Would You Ask Tim Geithner If You Had the Chance?

Richard (RJ) Eskow | Posted 05.25.2011

Read More: Sherrod Brown, Financial Reform, Federal Reserve, Fannie Mae, Federal Reserve Bank of New York, Paul Volcker, Neal Wolin, Brown Amendment, Freddie Mac, Volcker Rules, Lehman Brothers, Tim Geithner, Cfpa, Consumer Financial Protection Agency, Too Big to Fail, Jpmorganchase, Business News

Whatever the reasons, the Geithner Treasury Department has suddenly come out swinging. They're pugilists in pinstripes now. But while the rhetoric's encouraging, Geithner's record is cloudy at best.

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Wall Street Vet Involved In 1998 Long-Term Capital Management Bailout Says Nothing Has Changed

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Wall Street Bailout, Long Term Capital Management, Weeden & Co, Welling@Weeden, Financial Crisis, Federal Reserve, Credit Crisis, Federal Reserve Bank of New York, Too Big to Fail, Volcker Rule, James Rickards, Glass-Steagall, Video, Business News

Ten years before this latest crisis, the U.S. government engineered the bailout of a financial firm that had borrowed billions of dollars to make big ...

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Goldman Sachs Responds To The New York Times

Janet Tavakoli | Posted 05.25.2011

Read More: Socgen, President of the New York Federal Reserve, Timothy Geithner Treasury Secretary, TARP Watchdog, Calyon, Backdoor Bailout, Cdos, The New York Times, Sigtarp, A.I.G., Federal Reserve Bank of New York, Wachovia, Neil Barofsky, Bank of America, Merrill Lynch, Goldman Sachs, David Viniar, Bank of Montreal, Gretchen Morgenson, Credit Derivatives, Lehman, Timothy Geithner, A.I.G. Bailout, Frbny, Lucas Van Praag, Tarp, Lloyd Blankfein Apology, Business News

Did Goldman Sachs dissemble and equivocate in its responses to the New York Times?

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BofA, Merrill Deal: Republicans And Democrats Square Off Over Government's Role

AP | MARCY GORDON | Posted 05.25.2011

Read More: Merrill Lynch, Edolphus Towns, Tim Geithner, Bofa, Bank of America, Andrew-Williams, House Oversight and Government Reform Committee, Charles Gifford, Federal Reserve Bank of New York, Merril Lynch Bank of America Merger, Business News

WASHINGTON — A senior House Democrat says the government didn't force Bank of America to take over Merrill Lynch, but a bank board member said m...

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Treasury Cover-Up of Goldman's Role in AIG Crisis?

Janet Tavakoli | Posted 05.25.2011

Goldman paid mega bonuses in past years subsidized by selling hot air. Now it proposes to again pay billions in bonuses based on earnings made possible by taxpayer dollars.

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Geithner Singled Out In TARP Watchdog's Scathing Report On AIG Bailout

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Tarp, Wells Fargo, Troubled Asset Relief Program, Bank of America, Federal Reserve, Neil Barofsky, Aig, American International Group, Federal Reserve Bank of New York, Merrill Lynch, Goldman Sachs, Bailout, Tim Geithner, Financial Crisis, Wachovia, Sigtarp, Video, Business News

A brutal report issued Monday by a government watchdog holds Timothy Geithner -- then the head of the Federal Reserve Bank of New York and now the nat...

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Officials Knew Of AIG Bonuses Months Before Scandal

Washington Post | David Cho and Brady Dennis | Posted 05.25.2011

Read More: Aig Bonus Scandal, Bailout Bandits, Bank Bailouts, Aig Bonuses, Federal Reserve Bank of New York, Aig, Financial Crisis, Edward Liddy, Politics News

As American International Group chief executive Edward M. Liddy returns to Washington to face Congress today, new details are emerging about how long ...

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