Bailed-Out Banks Making Profits -- For Taxpayers
Money wasn't just "given" to Wall Street firms. It bought something of value. And now that the firms (and the market in general) are recovering, they're starting to pay it back. With interest.
Money wasn't just "given" to Wall Street firms. It bought something of value. And now that the firms (and the market in general) are recovering, they're starting to pay it back. With interest.
HuffingtonPost.com | Shahien Nasiripour | Posted 10.16.2009 | Business
The percent of banks that lost money last quarter set an all-time high, according to the Federal Deposit Insurance Corporation. More than 28 percent ...
Jill Schlesinger | Posted 10.16.2009 | Business
Whether you believe that Paulson was was a bully or a hero, the results of the initial TARP paybacks must give him some solace.
Michael de Portu | Posted 09.28.2009 | Business
Some observers ask whether we are in 1929 or 1932. The good news is that the world is so different today, we are probably in neither. The globe has 6 billion inhabitants with that much more potential for instability.
Rob Johnson | Posted 09.27.2009 | Business
Our president is now in a place, as Martha Reeves once sang, with Nowhere to Run and Nowhere to Hide. Having fumbled on finance, he must show the American people why we elected him, or be at risk of losing his job.
Dave Johnson | Posted 09.26.2009 | Business
This is a story we know too well: Wall Street vs. Main Street. Irresponsible behavior leads to bonuses for the former while working hard and playing by the rules leads to unemployment and foreclosure for the latter.
Hale "Bonddad" Stewart | Posted 09.25.2009 | Business
On September 18 of last year, the U.S. was literally hours away from a financial meltdown. Bernanke was instrumental in preventing it. He should be appointed for another term.
Robert Reich | Posted 09.25.2009 | Business
If you'd have asked me three months ago whether Bernanke would be confirmed, I'd have said no. Congress (and much of the public) is still furious about the bank bailouts, as well they should be.
bloomberg.com | Posted 09.19.2009 | Business
Citigroup Inc.'s $301 billion of federal asset guarantees, extended by the U.S. last year to help save the bank from collapse, will be audited to calc...
Rolfe Winkler | Posted 09.17.2009 | Business
A banking system loaded down with hundreds of billions of dollars worth of unrecognized bad debt -- Japan in the 1990s? No, it's the United States tod...
foxbusiness.com | Posted 09.17.2009 | Business
SAN FRANCISCO -- American International Group said Monday that it agreed to pay new Chief Executive Robert Benmosche an annual salary of $7 million. T...
Jeff Schweitzer | Posted 09.17.2009 | Politics
The GOP is not the party of small government and lower taxes. They are the Party of borrow and spend, big government and sex scandals.
Tom Morris | Posted 09.12.2009 | Home
To favor symbolism over substance is to allow the proverbial tail to wag the aphoristic dog. And that's never a good idea.
Marshall Auerback | Posted 09.12.2009 | Business
Once all the TARPs are tidied up and the quarterly profits no longer a revelation, American consumers will still be swaddled in debt. What's to stop them from just walking away from it?
Harry Moroz | Posted 09.12.2009 | Politics
Doubts about the federal government's ability -- and willingness -- to reign in excessive executive compensation have persisted since October of last year. Now, the tables have turned.
New York Times | Posted 09.12.2009 | Business
The bailout of the American International Group has entered another phase -- one that includes even more generous payments for some banks....
Posted 09.12.2009 | Business
Elizabeth Warren, the chair of the Congressional Oversight Panel charged with monitoring the bank bailout, appeared on MSNBC this morning to talk toxi...
Francine Hardaway | Posted 09.12.2009 | Business
Let's put our eye back on the ball. Focus on ourselves. Let the banks fail, but the people succeed. Survive the re-set in the economy, which I believe is permanent, by getting in shape.
Robert Scheer | Posted 09.11.2009 | Business
Why has it been left to one stellar judge to sound the alarm on Bank of America and Merrill Lynch, and why is Congress and the Obama administration looking the other way?
Posted 11.04.2009 | Business
Where exactly is all of the bailout money going? Today, McClatchy addresses growing concerns over the lack of true oversight in government's enormous ...
Shannyn Moore | Posted 09.07.2009 | Politics
The "Tea Party" movement flies in the face of what the true patriots in Boston stood for. Corporate lobbying-run groups are creating the illusion of grass roots protests at the health care town hall meetings.
The Globe and Mail | Joseph Stiglitz | Posted 09.07.2009 | Business
The green shoots of economic recovery that many people spied this spring have turned brown, prompting concerns about whether the policy of jump-starti...
businessinsider.com | John Carney | Posted 09.06.2009 | Business
This morning Morgan Stanley said it paid $950 million to repurchase warrants issued to the government as part of last fall's bank bailout program. So ...
Ellen Brown | Posted 09.05.2009 | Business
Many people feel that some bankers are thieves stealing from the public till and should be looking at jail time. But who is there to stop their parade of outrages?
Fortune | Allan Sloan, Senior Editor at Large | Posted 09.05.2009 | Business
NEW YORK (Fortune) -- One of the things they teach in Successful Investing 101 is to cut your losses short and let your winnings run. But when it come...
Chris Weigant | Posted 10.16.2009 | Politics