AIG, Toxic Assets and the Call to Personal Sacrifice
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.
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.
HuffingtonPost.com | Arthur Delaney | Posted 04.18.2009 | Business
AIG CEO Edward Liddy, facing tough questions from a congressional panel reviewing the government-subsidized firm's $165 million in bonus payments, sai...
Bob Edgar | Posted 04.18.2009 | Politics
Something is horribly wrong when a company that receives billions in taxpayer money from the federal government gives its senior managers big pay rais...
HuffingtonPost.com | Arthur Delaney | Posted 04.12.2009 | Business
On Feb. 4, we asked HuffPost readers to send us tips if they knew of wasteful spending by banks that had benefited from taxpayer funds through the TAR...
Huffington Post | Julie Satow | Posted 04.05.2009 | Business
Morgan Stanley was offering Ford shareholders a highly unusual deal on Monday. Two days before Ford announced a major debt restructuring that diluted...
Raymond J. Learsy | Posted 04.05.2009 | Business
It is past time that a distinction be made between that part of AIG's business that was a "large and stable insurance company," and that part that was a "hedge fund," or better put, a casino.
Reuters | Joseph A. Giannone | Posted 03.28.2009 | Business
NEW YORK, Feb 25 (Reuters) - Morgan Stanley (MS.N), citing a tougher market and political environment, said on Wednesday it will not entertain clients...
CNBC | Jonathan Stempel | Posted 03.24.2009 | Business
Morgan Stanley's brokerage joint venture with Citigroup Inc will pay brokers as much as $3 billion to stay on, while Wells Fargo & Co will not offe...
Financial Times | Jamil Anderlini. Francesco Guerrera and Greg Farrell | Posted 03.16.2009 | Business
Morgan Stanley has suspended its global head of real estate investing after revealing that actions by an employee believed to be the former China prop...
Newsweek | Michael Hirsh | Posted 03.23.2009 | Business
It was a classic populist spectacle, reminiscent of William Jennings Bryan's "Cross of Gold" speech or Huey Long's mid-Depression campaign to "Share t...
Washington Post | Posted 03.15.2009 | Politics
Congressional efforts to impose stringent restrictions on executive compensation appeared to be evaporating yesterday as House and Senate negotiators ...
Bloomberg | Linda Shen and Bradley Keoun | Posted 03.23.2009 | Business
Feb. 12 (Bloomberg) -- Bank of America Corp., JPMorgan Chase & Co. and Morgan Stanley may decide after enduring yesterday's Congressional hearing tha...
Open Secrets | Posted 03.14.2009 | Politics
The eight CEOs testifying Wednesday before the House Financial Services Committee about how their companies are using billions of dollars in bailout f...
Bloomberg | Elizabeth Hester | Posted 03.14.2009 | Business
Feb. 11 (Bloomberg) -- Goldman Sachs Group Inc. and Morgan Stanley, securities firms that morphed into banks to endure a loss of confidence in Wall S...
HuffingtonPost.com | Sam Stein | Posted 03.14.2009 | Politics
Two Wall Street firms that received at least $60 billion in government bailout funds will be rewarding their financial advisers with controversial ret...
New York Post | MURRAY WEISS | Posted 03.10.2009 | Business
A former Morgan Stanley executive and his wife looted $400,000 from bank accounts set up by customers to pay for their children's college education, p...
Leo W. Gerard | Posted 03.09.2009 | Business
Taxpayers, who despise the notion of welfare queens, should demand Congress "discredit" and dethrone the kings of Wall Street.
Judith Ellis | Posted 03.01.2009 | World
Considering the climate at Davos, I wonder what the bankers and financial analysts will say and to whom will they be saying it? The likes of themselves?
Raymond J. Learsy | Posted 02.23.2009 | Business
No, it's not about your local gas station not getting a loan from its bank to keep it in business. It is far more insidious. It's about hundreds of millions of TARP dollars being spent on oil speculation.
AP | KEN THOMAS | Posted 02.16.2009 | Business
WASHINGTON — Eighty-three of the nation's 100 largest corporations, including Citigroup, Bank of America and News Corp., had subsidiaries in offshor...
Andrew Winston | Posted 02.14.2009 | Green
What will happen now in this damaged economy? It would be silly to suggest that the intensity of the focus on green will continue unabated. But we'll see a form of what I'll call "light green" this year.
AP | MADLEN READ | Posted 02.13.2009 | Business
NEW YORK — Citigroup Inc. and Morgan Stanley agreed Tuesday to combine their brokerages in a deal that shows how much Citigroup wants to slim do...
David Sirota | Posted 01.24.2009 | Media
In the name of transparency, Rachel Maddow went back and clarified that a bailout-justifying guest of hers actually had a blatant conflict of interest.
AP | STEPHEN BERNARD | Posted 01.17.2009 | Business
NEW YORK — Morgan Stanley said Wednesday it lost $2.37 billion during its fiscal fourth quarter as it took a range of losses on assets amid one ...
New York Post | Posted 01.15.2009 | Business
Morgan Stanley's expected to ring up losses of about $1 billion when it reports its fiscal fourth-quarter earnings Wednesday. Continued fretfulness...
Raymond J. Learsy | Posted 04.20.2009 | Business