Tarp

Revisiting The Fed's Bailout Of AIG And The Benefits For Goldman Sachs

New York Times | GRETCHEN MORGENSON | Posted 11.22.2009 | Business


A RAY of sunlight broke through the Washington fog last week when Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program, p...

Where Are The Shareholders?

Norman Goldman | Posted 11.20.2009 | Business


Norman Goldman

We need corporate reform by way of requiring all shareholders to approve all pay of all executives at all publicly traded corporations. Only then will this looting insanity end.

Clinton's Cash for Caulkers? Not enough Economic Insulation

Les Leopold | Posted 11.19.2009 | Business


Les Leopold

Weatherization should be the Democrats' dream program. In one fell swoop you create jobs, reduce living expenses, improve national energy security, enhance business profitability and confront global warming.

TARP Program Could Be Extended: Washington Post

washingtonpost.com | David Cho, Michael D. Shear and Lori Montgomery | Posted 11.19.2009 | Business


The Obama administration is poised to extend the life of the highly unpopular $700 billion financial bailout and, to display a commitment to fiscal re...

What Did TARP Accomplish? Simon Johnson In The NYT

nytimes.com | SIMON JOHNSON | Posted 11.19.2009 | Business


Here is my assessment. In late September 2008, Treasury Secretary Henry S. Paulson asked Congress for $700 billion to buy toxic assets from banks, ...

Arthur Delaney

Audit The Fed Effort Wins Support From An Unusual Coalition

HuffingtonPost.com | Arthur Delaney | Posted 11.19.2009 | Business


An unusual coalition of progressive economists, labor leaders, and bloggers has decided to fight back against a congressional amendment that would all...

The Sorcerer's Apprentice: Geithner Should Step Down

Linda R. Monk, J.D. | Posted 11.18.2009 | Business


Linda R. Monk, J.D.

Geithner's problem is not that he is by nature a corrupt man. It's that he is steeped in the Wall Street way of doing business, which itself is riddled with fraud -- and billions of taxpayer dollars are at stake.

Dems Want Unspent TARP Funds For Main Street Bailout

Posted 11.18.2009 | Politics


Democrats in Congress want to use unspent TARP funds to support homeowners and struggling workers, according to The Hill. More than half of the Democ...

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 11.17.2009 | Business


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...

TARP Failures Keep Taxpayers On The Hook; 33 Companies Miss Payment

Posted 11.16.2009 | Business


According to The Washington Post, 33 companies that received a portion of TARP's $700 billion have not paid the federal government their most recent d...

The End of 'Too Big to Fail'

Rep. Paul Kanjorski | Posted 11.13.2009 | Business


Rep. Paul Kanjorski

The economic meltdown we narrowly averted last year rightfully convinced the American people that we need to re-examine the fundamental structure of our financial system. Naturally, Wall Street disagrees.

Why Sen. Dodd's Opposition to the Federal Reserve is Ill-Conceived

Georges Ugeux | Posted 11.13.2009 | Politics


Georges Ugeux

Had Senate Banking Committee's Chairman Chris Dodd's proposal been effective before the crisis, where would we be today?

TARP Fraud Probes Have Tripled Since April, Says Watchdog

Huffington Post | Marcus Baram | Posted 11.13.2009 | Business


The watchdog charged with policing the massive government bailout says that he's conducting 65 investigations of possible fraud in the program, more t...

Jamie Dimon, JPMorgan Chase CEO: Mega-Banks Should Be Allowed To Fail -- The Right Way

washingtonpost.com | Jamie Dimon | Posted 11.13.2009 | Business


Our company, J.P. Morgan Chase, employs more than 220,000 people, serves well over 100 million customers, lends hundreds of millions of dollars each d...

Neil Barofsky, TARP Watchdog: Bailout Will 'Almost Certainly' Result In Loss For Taxpayers

bloomberg.com | Robert Schmidt | Posted 11.12.2009 | Business


Nov. 12 (Bloomberg) -- Neil Barofsky, the federal watchdog for the $700 billion financial industry bailout, said the program will "almost certainly" r...

Veterans: Lip Service, Bankers: Billions & America: Foreclosures - Here's The Fix

Dylan Ratigan | Posted 11.12.2009 | Business


Dylan Ratigan

If we must resort to handouts to save our country, let's at least put them in the hands of the most deserving. We should start with the roughly 2 million veterans who served in Iraq and Afghanistan.

White House Looking To Cut Deficit With Extra TARP Cash

wsj.com | By DEBORAH SOLOMON and JONATHAN WEISMAN | Posted 11.12.2009 | Politics


The Obama administration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal r...

FDIC Chief Sheila Bair: Big Banks Still Aren't Lending Enough

AP | STEVENSON JACOBS | Posted 11.11.2009 | Business


NEW YORK — The head of the Federal Deposit Insurance Corp. said Tuesday she's "very worried" that the nation's biggest banks aren't lending enou...

Goldman Sachs Doing "God's Work"?

Charles Gasparino | Posted 11.09.2009 | Business


Charles Gasparino

The only thing worse than Goldman Sachs amassing billions in bonus money for its executives, based on various government subsidies and bailout measures, is listening to it try to explain it all away.

Wall Street's Record Bonuses Return: Analysts Predict $30 Billion In Bonuses At Big 3

Bloomberg | Michael J. Moore and Ian Katz | Posted 11.09.2009 | Business


Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depressio...

To Create Jobs on Main Street, We Need to Kill Jobs on Wall Street

Les Leopold | Posted 11.07.2009 | Business


Les Leopold

The Billionaire Bailout Society is not a shared society. We're not in it together. What's good for Wall Street is not good for the rest of us...they even get their swine flu shots before we do.

Tragically Charismatic

Rob Johnson | Posted 11.05.2009 | Business


Rob Johnson

A politician with great persuasive power can use it in two ways. It can be used to cultivate the energy of the general interest, or it can be used to try and mollify the people while facilitating the elites' agenda.

Brad DeLong: What Would Have Happened If We Didn't Bailout The Bankers?

Project Syndicate | Brad DeLong | Posted 11.04.2009 | Business


It is worth stepping back and asking: What would the world economy look like today if policymakers had acceded to the populist demand of no support to...

One Year Later: The Post-TARP Questions We Should Be Asking

Dear John Thain | Posted 11.04.2009 | Business


Dear John Thain

While we can't decisively compare outcomes of choices that were made to alternative choices, we can ask why certain decisions haven't even been tackled.

A Systemic Risk Regulator and a Compensation Tsar? Larry Summers and Ben Bernanke Must Be Kidding

David Paul | Posted 11.03.2009 | Business


David Paul

With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.