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Financial Bailout

Citigroup is Well Run: Why The Treasury's Plan Will Fail

Bruce Judson | Posted 10.12.2009 | Business

Read More: Bruce Judson, Financial Bailout, Bailout, Glass-Steagall, Citigroup, Treasury Department, Citigroup Bailout, Remaking Fiscal Policy, Treasury Department Stress Tests, Citigroup Management Good Review, Business News
Bruce Judson

The modern history of finance, combined with ever advancing technology, shows that the locus of the next crisis is not predictable. We will always be regulating to prevent the causes of yesterday's failure.

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Cure Millions of Leprosy -- or Just Give Hank Paulson a Tax Break?

Matt Bivens | Posted 10.04.2009 | Politics

Read More: Polio, Vaccinations, Financial Bailout, Executive Compensation, Leprosy, Polio Vaccine, Guinea-Worms, Bush Tax Cuts, Politics News
Matt Bivens

$300 million could eradicate smallpox, history's greatest killer of humans -- yet the same sum wouldn't cover the bonus pool for the executives of the insurance company AIG after its great meltdown.

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The "Fits and Starts" Recovery

Hale "Bonddad" Stewart | Posted 10.16.2009 | Business

Read More: Economy, Economic Recovery, Gdp, Economic Growth, Financial Bailout, Recession, Business News
Hale

At the beginning of the year GDP was dropping and we were bleeding jobs at 600,000/month. Given that, we're not going to rebound to a 3% growth rate in a few months; it's just not going to happen.

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Common Sense 2009

Larry Flynt | Posted 09.20.2009 | Politics

Read More: Matt Taibbi, Glass-Steagall Act, National Strike, Goldman Sachs, Obama Financial Bailout, Financial Bailout, Shays’ Rebellion, Politics News
Larry Flynt

The real war is not between the left and the right. It is between the average American and the ruling class. It's time we took back our government from those who would make us their slaves.

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Bailout Clunkers, not Private Jets

Harry Smith | Posted 09.03.2009 | New York

Read More: Nantucket, Financial Bailout, Bailout, Private Jet, Cash for Clunkers, Cars, Car Dealerships, New York News
Harry Smith

I was in Nantucket over the weekend, and I have to say I was impressed by the large number of private jets parked on the tarmac at the local airport. The rich are still doing okay.

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A Simple Test

Mike Lux | Posted 08.18.2009 | Politics

Read More: Goldman Sachs, Financial Bailout, 2009 Obama Administration, Economy, Economic Crisis, Politics News
Mike Lux

When Obama starts focusing on policies with the simple test -- does it benefit poor and middle class people, or does it benefit Goldman and Morgan? -- he will start getting moving the country's economy forward.

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We Don't Care. We Don't Have To Care. We're Goldman Sachs.

Mike Lux | Posted 08.16.2009 | Politics

Read More: Laura Flanders, Financial Crisis, Goldman Sachs, Grittv, Financial Bailout, Economic Crisis, Politics News
Mike Lux

Goldman Sachs has openly, blatantly gone back to business as usual, knowing they will be bailed out by taxpayers if their high rolling gambles don't work, and they don't care who knows about it.

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Congrats, Goldman, on That Enormous Profit, Now When Do the Rest of Us Get Something?

Mike Lux | Posted 08.14.2009 | Business

Read More: Goldman Sachs, Financial Crisis, Financial Bailout, Economic Crisis, Business News
Mike Lux

Apparently the only thing Goldman learned from the financial collapse was that the government would bail it out if it kept taking big gambles, which isn't the lesson I was hoping it would learn.

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Now for Something Really Scary

Mike Lux | Posted 08.13.2009 | Business

Read More: Goldman Sachs, Financial Bailout, 2009 Obama Administration, Financial Regulation, Business News
Mike Lux

Why does it scare me so much that Goldman Sachs made big money this last quarter? Because of how they made it.

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The Nation: New Pecora Commission Vital

The Nation | Christopher Hayes | Posted 08.13.2009 | Business

Read More: Pecora Commission, Financial Bailout, Financial Crisis Inquiry Commission, Financial Crisis, Angelides, Business News

If there's one thing that everyone seems to agree on, it's that the current financial crisis is complicated. There's two problems with this. First, it...

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US Could Lose $2B In TARP, Warns Oversight Panel

The Hill | Posted 08.09.2009 | Politics

Read More: $2 Billion in TARP Losses, TARP Oversight, Financial Bailout, Bailout, TARP Oversight Panel, Tarp, Transparency, Politics News

The government could lose out on more than $2 billion if federal officials continue to undervalue part of the financial bailout package, a government ...

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Confronting the Greedy

Mike Lux | Posted 07.24.2009 | Business

Read More: Financial Crisis, Larry Summers, Financial Bailout, 2009 Obama Administration, Tim Geithner, Business News
Mike Lux

I want Obama to succeed, but it's not going to happen unless he (a) wrenches the control of the economy away from the greedy, and (b) confronts the greedy directly.

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Bailout Oversight Panel Warns Financial Crisis "Taking Root In The Larger Economy"

ABC News | CHARLES HERMAN and ALICE GOMSTYN | Posted 05.08.2009 | Business

Read More: Bailout Oversight, Financial Bailout, Elizabeth Warren, Economic Crisis, Economy, Financial Crisis, Bank Bailout, Bailout Oversight Panel, Recession, Business News

Govt. May Spend More than $4 Trillion but Economy Faces 'Prolonged Weakness,' Oversight Panel Reports...

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Agency says bailout will cost taxpayers more

AP | PETE YOST | Posted 05.05.2009 | Politics

Read More: Financial Bailout, Bailout, Economic Crisis, Financial Crisis, Taxpayers Bank Bailout, Bank Bailout, Politics News

WASHINGTON — Bailing out the financial sector will cost taxpayers $167 billion more than originally anticipated, according to a Congressional Bu...

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Sam Stein

Gibbs Struggles To Contrast Auto, Wall Street Bailouts

HuffingtonPost.com | Sam Stein | Posted 04.30.2009 | Politics

Read More: Gibbs Auto Bailout, Banks Cars, Financial Bailout, Gibbs Struggles, Robert Gibbs, Gibbs Stumbles, Gibbs White House, Bailout Bucks, Gibbs Briefing, Politics News

Robert Gibbs had to know it was coming. The press briefing on Monday was sure to focus on an apparent double standard from the administration when it ...

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TARP Funds Get Recycled As Political Contributions

Newsweek | Michael Isikoff and Dina Fine Maron | Posted 04.22.2009 | Business

Read More: Tarp, Tarp Funds Banks, Financial Bailout, Tarp Funds Campaign Contributions, Business News

There was plenty of outrage on Capitol Hill last week over the executive bonuses paid out by AIG after getting federal bailout money. But another mone...

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Should Obama Stop Trusting Geithner's Advice?

Miles Mogulescu | Posted 04.18.2009 | Politics

Read More: Goldman Sachs, Obama Aig Bonuses, Financial Bailout, Goldman Sachs Bonuses, Aig Paulson, Tim Geithner, Aig Bonuses, Geithner Bailout, Paulson Bailout, AIG Bailout, Financial Crisis, Henry Paulson, Aig, Global Financial Crisis, Timothy Geithner, Economy, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Politics News
Miles Mogulescu

If the American people come to see the Obama administration as complicit in Wall Street's unethical behavior, then Obama's entire economic program could end up in shambles.

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Free Money in the USA

Paul Hipp | Posted 04.18.2009 | Business

Read More: Aig, Financial Crisis, Fdic, Bailout Bandits, Bailout, Financial Bailout, Paul Hipp, Business News
Paul Hipp

2009-03-18-Picture8copy.jpgDon't you kind of feel like someone at AIG needs to go to jail? Or maybe lots of people at AIG need to go to jail?

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Dear Mr President: Please Read Your Blogs -- (It's Not Like Eating Your Spinach)

Miles Mogulescu | Posted 04.08.2009 | Politics

Read More: Stiglitz Slams Bad Bank Idea, Nouriel Roubini, Financial Bailout, Geithner Plan, Obama Blackberry, Obama Blogs, Larry Summers, Paul Krugman Barack Obama, Barack Obama, Lawrence Summers, Financial Advice, Blogs, Roubini Nationalization, Barack Obama Blackberry, Financial Meltdown, Joseph Stiglitz, FInancial Markets, Tim Geithner, Geithner Bailout, Paul Krugman on Barack Obama, Financial Crisis, Paul Krugman, Global Financial Crisis, Timothy Geithner, Political Blogs, Politics News
Miles Mogulescu

It would be a bit disturbing if a president who has said he wants to hear the widest range of opinions on important issues would want to dismiss those who write blog posts.

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Help Wanted: Swedish Model to Kill Off Zombie Banks

Miles Mogulescu | Posted 03.25.2009 | Business

Read More: Roubini Nationalization, Sweden Bailout, Larry Summers and Barack Obama, Nationalizing Banks, Lindsey Graham Nationalization, Financial Bailout, Stiglitz Economic Crisis, FInancial Markets, Bank Nationalization, Geithner Bailout, Banking Crisis, Obama Nationalization, Financial Crisis, Paul Krugman Barack Obama, Tarp, Economy, Economic Crisis, Wall Street Crisis, Nationalization, Banks, Henry Paulson, Ben Bernanke, Banks Bailout, Business News
Miles Mogulescu

In order not to spook markets, Obama and a small team of financial commandos needs to orchestrate a sneak attack on the Zombie Banks.

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Whoa! What Happened? The Un-Plan

Michael K. Farr | Posted 03.14.2009 | Business

Read More: Timothy Geithner, Financial Bailout, Treasury Secretary, Barack Obama, Economic Crisis, Business News
Michael K. Farr

Would the market reaction have been any different if Geithner had expressed complete confidence in his new plan?

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Controversial Tax Break Would Be Eliminated In Stimulus Bill

McClatchy | Lisa Zagaroli | Posted 03.11.2009 | Business

Read More: Financial Bailout, Economy, Wells Fargo Bailout, Wells Fargo Tax Break Ended, Bank Bailout, Wells Fargo, Business News

A tax decision that made it a better deal for Wells Fargo & Co. to purchase Wachovia Corp. would be eliminated by the economic stimulus bill being con...

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Bailed Out Banks Sought Foreign Workers For High-Paying Jobs: AP

AP | FRANK BASS and RITA BEAMISH | Posted 03.04.2009 | Business

Read More: Bailout Banks Sought Foreign Workers, Bailout Bandits, Banking Bailout, Financial Bailout, Economy, Banks Sought Foreign Workers, Financial Crisis, Banks Bailout, Recession, Business News

SANTA CLARA, Calif. — Major U.S. banks sought government permission to bring thousands of foreign workers into the country for high-paying jobs ...

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Auditors: We May Never Know If Bank Bailout Worked

AP | DANIEL WAGNER | Posted 03.02.2009 | Politics

Read More: Bank Bailout, Financial Bailout, Bailout Money, Bailout, Congressional Auditors, Politics News

WASHINGTON — We may never know whether the government's $700 billion bailout of the financial industry worked, according to a new report from co...

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Obama Admin To Unveil Menu Of Bank Fixes Next Week

Reuters | Karey Wutkowski | Posted 03.01.2009 | Business

Read More: Banks, Bailout, Financial Bailout, Bank Bailout, Business News

The Obama administration aims to roll out a menu of options next week to help stabilize the U.S. banking industry, with government aid tailored to ind...

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