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Paulson Bailout

Hank Paulson: Wall Street Pay Is "Out Of Whack" (VIDEO)

Posted 05.25.2011 | Business

Former Treasury Secretary and Goldman Sachs chief Henry Paulson is the latest critic of Wall Street pay packages, which he now says are "out of whack....

Marcus Baram

Henry Paulson Memoir 'On The Brink' Exclusive: Strongly Defends TARP, AIG Bailout, Praises Bush, Slams Palin

HuffingtonPost.com | Marcus Baram | Posted 05.25.2011 | Books

In his new book, former Treasury Secretary Henry Paulson strongly defends the massive bailout of Wall Street financial firms, including the controvers...

How TARP Began: An Exclusive Inside View

US News & World Report | Posted 05.25.2011 | Business

When it first came into existence last September, TARP--the troubled assets relief program--sounded like just another ungainly government acronym. But...

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.

The Simple Arithmetic of the Mortgage Crisis Debunks Right Wing Media Narratives

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

Many talking heads lack a command of the data, so much coverage of the financial crisis remains vague and anecdotal. For businessmen, the narrative is always framed by the numbers, the bottom line.

Why Geithner's Banking Fix Won't Work

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

The bottom line is that someone has to take the losses on the $1+ trillion of depreciating assets that are crushing bank balance sheets, and we taxpayers have woken up to the fact that we don't want it to be us.

Thomas B. Edsall

The End Of Bailout Transparency: How Treasury Lets Private Institutions Hide Public Money

HuffingtonPost.com | Thomas B. Edsall | Posted 05.25.2011 | Business

In the early days, every public official associated with TARP--the $700 billion Targeted Asset Relief Program--promised openness and transparency. "W...

It Takes a Movement to Save an Auto Industry

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

Picture a massive caravan of thousands of people effected by the auto industry landing up in front of the Capitol demanding action to save their jobs and staying there until Congress acts.

Neel Kashkari's Stock Plummeting Like the Dow Jones

Disgrasian | Posted 05.25.2011 | Media
Disgrasian

Last week, Neel Kashkari appeared before Congress, where he was called a "chump" by Maryland Dem Elijah Cummings.

Paulson's Conversion: It's Time To Regulate Hedge Funds

Washington Post | David Cho | Posted 05.25.2011 | Business

Treasury Secretary Henry M. Paulson Jr. had a stern message for more than two dozen of the nation's most powerful hedge fund managers gathered in the ...

Secrets of the Bailout

Emma Coleman Jordan | Posted 05.25.2011 | Business
Emma Coleman Jordan

The same penchant for secrecy and partial disclosure that pervaded the last eight years of foreign policy, energy policy and domestic intelligence gathering is now slowly emerging in the bailout.

In Paulson We Trust

Robert L. Borosage | Posted 05.25.2011 | Business
Robert L. Borosage

What's needed is an independent agency with summary powers and an independent board, to work with the FDIC and other agencies to sort out the solvent banks from the broke, those that need to be saved from those that should fail.

Post Claims Paulson Misled Bush on Bailout

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

According to the Washington Post, after the initial defeat of the bailout package in the House, Paulson told Bush "there is no Plan B." Of course this was not true.

Jason Linkins

White House Bailout Strategy: Change The Name

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Politics

With the Senate set to take up the White House's plan to save our collapsing markets, and the promise of a renewed effort to do the same in the House,...

A Better Alternative

Tony and Richard Ressler | Posted 05.25.2011 | Business
Tony and Richard Ressler

A better alternative to the current plan is one that directly addresses the ability of U.S. banks to increase their capital accounts and their willingness to lend to bank and non-bank borrowers.

Jason Linkins

McCain Camp Blames Obama For Bailout Failure (VIDEO)

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Politics

Here's a video of MSNBC's David Shuster -- whose over-arching disbelief in the John McCain camp version of events seems to be firming up as the mainst...

Jason Linkins

New Hampshire Newspaper "Suspends" Writing Editorials To Focus On Economy

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Politics

Okay. Once you get your head around a week in our political lives, during which: The first presidential debate was nearly scuttled By the candidate ...

Health Care Next!

Matt Miller | Posted 05.25.2011 | Politics
Matt Miller

Now that we've socialized large chunks of the mortgage, banking and insurance industries, universal health coverage is among the most conservative initiatives left for America to pursue.

Jason Linkins

Grandstanding For Wall Street: How They Covered It

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Politics

The important work of socializing all the risk, ever, and placing it on the burden of the taxpayers entered the all-important Empty Pageantry Stage today that McCain requested Bush throw at the White House.

Bailout Bill: Obama Needs to Lead, Not Be One of the Bailout Bipartisan Musketeers

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

If Obama goes along with the latest bill it in the name of post-partisan comity, he's making a big mistake. Washington is not lacking political leaders willing to go along with the flow.

Sam Stein

Schumer's Bailout Proposal Divides Economists, Interests Obama

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

One of the more interesting moments of this morning's Senate Banking Committee hearing with Hank Paulson and Ben Bernanke came when Sen. Chuck Schumer...

Jason Linkins

Wall Street/Iraq War Mashup

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Politics

Surprisingly little separates what's happening to the financial market and what happened during the run-up to the Iraq War, many years ago. Both are ...