iOS app Android app

Financial Bailout

Sam Stein

Gibbs Struggles To Contrast Auto, Wall Street Bailouts | Sam Stein | Posted 05.25.2011 | Politics

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 ...

TARP Funds Get Recycled As Political Contributions

Newsweek | Michael Isikoff and Dina Fine Maron | Posted 05.25.2011 | Business

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...

Free Money in the USA

Paul Hipp | Posted 05.25.2011 | Business
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?

Should Obama Stop Trusting Geithner's Advice?

Miles Mogulescu | Posted 05.25.2011 | Politics
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.

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

Miles Mogulescu | Posted 05.25.2011 | Politics
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.

Help Wanted: Swedish Model to Kill Off Zombie Banks

Miles Mogulescu | Posted 05.25.2011 | Business
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.

Whoa! What Happened? The Un-Plan

Michael K. Farr | Posted 05.25.2011 | Business
Michael K. Farr

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

Controversial Tax Break Would Be Eliminated In Stimulus Bill

McClatchy | Lisa Zagaroli | Posted 05.25.2011 | Business

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...

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

AP | FRANK BASS and RITA BEAMISH | Posted 05.25.2011 | Business

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

Auditors: We May Never Know If Bank Bailout Worked

AP | DANIEL WAGNER | Posted 05.25.2011 | Politics

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

Obama Admin To Unveil Menu Of Bank Fixes Next Week

Reuters | Karey Wutkowski | Posted 05.25.2011 | Business

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...

The Shovel or the Sickle

Susie Bright | Posted 05.25.2011 | Politics
Susie Bright

The most unsettling element of Obama's inauguration address wasn't Ricky Warren or Dopey Roberts -- it was the President's soft-pedal of our economic nightmare.

With Crisis Comes The Opportunity Of Accelerated Social Change

Juliette Powell | Posted 05.25.2011 | Politics
Juliette Powell

Paul Krugman: Don't underestimate the influence of people who can treat a congressman to luxurious dinners.

The Bush Presidency in Four Words

Bennet Kelley | Posted 05.25.2011 | Politics
Bennet Kelley

The one word Americans use most to describe President Bush is "incompetent." While no compliment, the word fails to convey the condemnation warranted by the last eight years.

Show Me the Money

Mark Winston Griffith | Posted 05.25.2011 | Business
Mark Winston Griffith

The fact that no banks receiving TARP funds provided the Associated Press with specific answers on what they spent the money on is a giant middle finger to the American taxpayer.

We're All Nonprofits Now

Tom Tresser | Posted 05.25.2011 | Chicago
Tom Tresser

In a market economy, if you try to start a nonprofit or dedicate yourself to working for a nonprofit, you get no special credit. You have to pay your bills, same as the next person.

Bailing Out Dan Quayle

Paul Jenkins | Posted 05.25.2011 | Business
Paul Jenkins

The battle over the bailout of some segments of the US auto industry has become increasingly defined in terms of class, but this hides the fact that the same type of players will benefit from both bailouts.

Obama Right to Reassure Wall Street Markets With Rubinauts But Also Needs Econ Advisors Who Stand for Main Street

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

We can only hope that Obama balances the smart Rubinauts whom he has picked to lead his economic team with some equally smart pro-Main Street economic minds.

A Bonus by Any Other Name Still Stinks

Rep. Elijah Cummings | Posted 05.25.2011 | Politics
Rep. Elijah Cummings

I learned -- one day after being told that top AIG executives would be forgoing bonuses this year -- that the company's executives will be receiving 'cash awards' as 'retention payments.' AIG can dress this money up in fancy names, but no one is fooled.

Bailout Cost: Government Prepared To Lend More Than $7.4 Trillion To Ease Credit

Bloomberg | Posted 05.25.2011 | Business

The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the natio...

Will someone tell Hank it's time to change course in the financial bailout?

David Paul | Posted 05.25.2011 | Business
David Paul

The longer this goes on, the more absurd it is becoming. Hank Paulson may know what he is doing. He may have insight that is lost on the rest of us. ...

Let's See That Audacity In Action

Julian E. Zelizer | Posted 05.25.2011 | Politics
Julian E. Zelizer

Obama should push for measures to deal with a variety of urban issues in exchange for the financial assistance sought by auto makers, Wall Street investors, middle class homeowners and the rest of America.

Companies start competing for bailout money

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The bailout is now the hottest lobbying game in town. Insurers, automakers and American subsidiaries of foreign banks all want the...

Treasury To Invest In More Banks

Washington Post | Binyamin Appelbaum and David Cho | Posted 05.25.2011 | Business

The Treasury Department will announce as soon as today that a group of large regional banks have agreed to accept investments from the government, ind...

The World Is at Severe Risk of a Global Systemic Financial Meltdown and a Severe Global Depression

Nouriel Roubini | Posted 05.25.2011 | Business
Nouriel Roubini

It will take a significant change in leadership of economic policy and very radical, coordinated policy actions among all advanced and emerging market economies to avoid this economic and financial disaster.