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Toxic Assets: Government's New Programs Aim To Buy Buy Banks' Bad Assets, Help Home Buyers

Washington Post | Renae Merle and David Cho | Posted 11.28.2009 | Business

Read More: White House, Finance, Tax Credits, Banks, Troubled Assets, Housing and Economic Recovery Act, Mortgages, Fannie Mae, Recession, Obama, Real Estate, Bad Assets, Geithner, Billions, Freddie Mac, Toxic Assets, Housing, Treasury, Lending, Tarp, Business News

The Obama administration is close to rolling out two initiatives aimed at addressing lingering problems from the financial crisis: A long-delayed effo...

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Neil Barofsky, TARP Inspector: Financial System May Now Be In A "Far More Dangerous Place" (VIDEO)

The Huffington Post Investigative Fund | Christine Spolar and Lagan Sebert | Posted 11.25.2009 | Business

Read More: Tarp, Wall-Street, Business News

Neil Barofsky is the man who tracks the historic bailout known as the Troubled Asset Relief Program, or TARP. The 39-year-old special inspector genera...

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The Tea Party Movement's Populism

Jonathan Weiler | Posted 11.25.2009 | Politics

Read More: Tarp, Tea Party Movement, Glenn Beck, Populism, Us-vs-Them, Politics News
Jonathan Weiler

If the slogan of left-wing populism might be "What about us?" the slogan of right-wing populism is "What about me and my kind?"

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Mortgage Market: U.S. Government Still Propping Up Real Estate: Newsweek

newsweek.com | Daniel Gross | Posted 11.24.2009 | Business

Read More: Tarp, Mortgages, Freddie Mac, Bailout, Mortgage Market, Fannie Mae, Daniel Gross, Business News

While the government has pacified the commercial finance, savings, and plain-vanilla banking sectors, it's sending reinforcements into the vast, resti...

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Citigroup Locations To Be Cut, Most Lending Will Limited To Wealthy Customers

AP | Posted 11.24.2009 | Business

Read More: Citi Retail Locations, Citibank, Citigroup Lending, Banks, Tarp, Citigroup, Business News

Citigroup, which has received $45 billion in TARP funds -- in addition to billions in government asset guarantees -- has come up with a brash tax-paye...

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"Extremely Unlikely" Taxpayers Will Recoup TARP Money, Watchdog Says

Posted 11.23.2009 | Business

Read More: Treasury Department, TARP Money, Troubled Asset Relief Program, Tarp, Business News

As ABC news reported last night, the special inspector of the government's $700 billion TARP program said in prepared testimony that the chances of ta...

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HuffPost Review - Capitalism: A Love Story (2009)

Scott Mendelson | Posted 11.23.2009 | Entertainment

Read More: Tarp, Bill Clinton, Ronald Reagan, Reviews, Michael Moore, Scott Mendelson, George W. Bush, Propaganda, Documentary, Chris Dodd, Capitalism: A Love Story, Bank Bailout, News, Barack Obama, Movies, Entertainment News
Scott Mendelson

For the first time that I can remember, a Michael Moore documentary/propaganda piece is less about the subject at hand and more about Michael Moore himself.

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Warren Buffett's Goldman Sachs Investment Nets Him $3 Billion

cnbc.com | Posted 11.23.2009 | Business

Read More: Goldman Sachs, Warren Buffett, Tarp, Business News

It's 12 months later and Warren Buffett's Berkshire Hathaway is $3 billion richer. One year ago today, on September 23, 2008, with the financial wo...

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William Cohan: Bank Execs Got Rich On Bailouts With Stock Options

ft.com | William Cohan | Posted 11.23.2009 | Business

Read More: Tarp, Lloyd Blankfein, Stock Options, Bank of America, Jamie Dimon, John Mack, Jmmorgan, Bank Execs, Goldman Sachs, Morgan Stanley, Bailout, Wall Street, Ken Lewis, Banks, Economic Growth, Business News

Few could argue with Barack Obama last week when the US president said Wall Street owed a debt of gratitude to taxpayers. Some of America's largest ba...

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Four Ways We Need Obama's Help

Sen. Byron Dorgan | Posted 11.23.2009 | Politics

Read More: Congressional Oversight, Tarp, Financial Crisis, Economic Collapse, Byron Dorgan, Economy, Politics News
Sen. Byron Dorgan

Legislation to overhaul America's financial system will be coming up in Congress this fall, and we can't let this moment pass without making some lasting changes.

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Why the Dow is Hitting 10,000 While Everyone Else is Cutting Back

Robert Reich | Posted 11.22.2009 | Business

Read More: Tarp, Robert Reich, Dow Jones, Wall Street, Stock Market, Economy, Cash for Clunkers, Economic Recovery, Health Care, Business News
Robert Reich

Regardless of what you call it -- Keynesianism, socialism, or just pragmatism -- government's expansion is doing wonders for business, especially big business and Wall Street.

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Restoring Trust in Our Economic System and the Institutions of Our Democracy

Bruce Judson | Posted 11.21.2009 | Business

Read More: Fcic, Wall Street, Pecora Commission, Bailouts, Tarp, Sec, Glass-Steagall, Business News
Bruce Judson

America is becoming an angry nation, with diminished faith in its institutions. There is a growing sense among all but the wealthiest Americans that "the game is rigged" against them.

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The $2 Trillion Secret

Pat Choate | Posted 11.18.2009 | Business

Read More: Tarp, Wall Street Bailout, Wall Street, Bailout, TARP Money, Fed, Bernanke, Ben Bernanke Federal Reserve, Federal Reserve, Fed Chairman Ben Bernanke, Ben Bernanke, Business News
Pat Choate

As the sheer volume of the Fed financing makes clear, the bailout of the financial sector involves more than the $700 billion approved by Congress in late 2008.

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Industrial Loan Companies are Part of the Economic Solution

Bill Himpler | Posted 11.17.2009 | Business

Read More: Tarp, Fdic, Ilcs, Federal Reserve, Sec, European Union, Industrial Loan Corporations, Cambridge Winter, Recession, Business News
Bill Himpler

Criticisms of Industrial Loan Corporations do not reflect mainstream academic or legal thinking, as ILCs played no role whatsoever in causing or exacerbating the current or previous financial crises.

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Recovery: The New Black

Harry Shearer | Posted 11.17.2009 | Business

Read More: Tarp, Recovery, Wall Street, Bailout, TARP Money, Toxic Assets, Ben Bernanke, Economic Recovery, Business News
Harry Shearer

Are the green shoots real, or are the government economy-minders taking premature credit to dampen populist anger? Let's hope they aren't simply seeing some dandelions in the lawn and calling it springtime.

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Chairman Bernanke, We Don't Believe It Is Over

Michelle Kraus | Posted 11.15.2009 | Politics

Read More: Tarp, Economics, Mortgage Crisis, Media, Obama Health Care, Recession, Lending Crisis, Investment Banks, Wall Street, Rachel Maddow, Joe Wilson, Bernanke, Health Care Reform, Banks, Fed Chairman Ben Bernanke, Refinancing, Economic Recovery, Ben Bernanke, Media News, Wall Street Bonuses, Tea Party, Politics News
Michelle Kraus

There is a reason that the American people are losing ObamaHope. It's not just unemployment. The reality cuts much deeper than the everyday lives of normal people.

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Jason Linkins

Casino Capitalism: Fortune Editor Andy Serwer Says Administration Gaming System For Wall Street Titans

HuffingtonPost.com | Jason Linkins | Posted 11.15.2009 | Business

Read More: Tarp, Wall Street Bailout, Wall Street Titans, Fortune Magazine Serwer, Fortune Magazine, Arianna Huffington, Goldman Sachs, Andrew Serwer, Video, Joe Scarborough, Casino Capitalism, Andy Serwer, Wall-Street, Capitalism: A Love Story, Business News

Earlier this morning, Morning Joe's Joe Scarborough and Mika Brzezinski were joined by Fortune Magazine Managing Editor Andrew Serwer and our own co-f...

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Elizabeth Warren: "Until We Have A Credible Liquidation Threat, We Don't Have Capitalism In America" (VIDEO)

Posted 11.14.2009 | Business

Read More: TARP Watchdog, Tarp, Financial Crisis, Video, Dylan Ratigan, Elizabeth Warren, Morning Meeting, Elizabeth Warren Video, Capitalism: A Love Story, Business News

TARP watchog Elizabeth Warren has been critical of how the bank bailouts have been handled, but in an interview with MSNBC's Dylan Ratigan Monday morn...

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The Continuing Disaster of Wall Street, One Year Later

Robert Reich | Posted 11.14.2009 | Business

Read More: Tarp, Goldman Sachs, Wall Street Bailout, JP Morgan, Bailout, Wall Street, TARP Money, Lehman Brothers, Economy, Economic Crisis, Financial Crisis, Obama TARP, Barack Obama, Glass-Steagall, Business News
Robert Reich

Let's be clear: Wall Street today is up to the same tricks it was playing before its near-death experience. The only difference now is that its biggest banks know for sure they'll be bailed out if their bets turn sour.

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Risk-taking Is Back For Banks 1 Year After Crisis

AP | By STEVENSON JACOBS | Posted 11.13.2009 | Business

Read More: Finance, Banks, Global Economy, Bailout, Regulation, Goldman Sachs, Risk, JP Morgan, Lehman Brothers, Sub-Prime, Lending, Personal Finance, Tarp, Crisis, Economy, Business News

NEW YORK (AP) -- A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk. Gol...

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Bailed-Out Firm's New Expense Rules: $4 In-Flight Movie? You're On Your Own

washingtonpost.com | Tomoeh Murakami Tse | Posted 11.12.2009 | Business

Read More: Tarp, Bailed-Out Firms Expenses, Merrill Lynch, Bailed-Out Firms, Chrysler Financial, NBRS Financial, Treasury Department, Business, Wall Street, Business News

Chrysler Financial employees traveling on business can no longer be reimbursed for lunch on trips that don't require an overnight stay. If flying on b...

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Daddy: Did Wall Street Win the War?

Les Leopold | Posted 11.09.2009 | Business

Read More: Financial Crisis, CEO Pay, Bailout, Main Street and Wall Street, Tarp, Barack Obama, Economic Crisis, Business News
Les Leopold

The ultimate Wall Street victory: bankers rob the Treasury, then the government gets blamed for the heist. You can hear the glasses clinking, come bonus time.

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Auto Bailout Could Leave Taxpayers With Heavy Losses

Ap | Christopher S. Rugaber, AP Economics Writer | Posted 11.09.2009 | Business

Read More: Tarp, Auto Bailout, Taxpayer Losses, Chrysler, Troubled Asset Relief Program, Gm, Ford, Congressional Oversight Panel, Business News

WASHINGTON (AP) -- Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight pan...

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SIGTARP's Independence Essential to Protect Taxpayers

Rep. Darrell Issa | Posted 10.19.2009 | Politics

Read More: Tarp, Sigtarp Oversight, Oversight, TARP Money, Tarp Funds, Sigtarp, Darrell Issa, Politics News
Rep. Darrell Issa

No matter where Americans fall along the ideological spectrum, everyone should be concerned when federal officials, with extraordinary power over the economy, attempt to limit oversight of their own conduct.

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The GOP Strategy: Operation Monkeyshit

Ian Gurvitz | Posted 10.19.2009 | Politics

Read More: Tarp, Birthers, Teabaggers, Death Panels, Clinton, 21st Century GI Bill, City, Obama, Tea Parties, Osama Bin Laden, Barack Obama, Republican, Racism, Gop, Health Care, Tea Party, Politics News
Ian Gurvitz

The GOP's goal from the second the president took office was to bring him down. Their sole intention is diminishing the president's popularity and laying the groundwork for the 2010 midterms and 2012 presidential elections.

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