WSJ: AIG CEO Robert Benmosche Ready To Quit Over Pay Constraints
NEW YORK — After just three months as head of battered insurer American International Group, Robert Benmosche has threatened to leave his post a...
NEW YORK — After just three months as head of battered insurer American International Group, Robert Benmosche has threatened to leave his post a...
bloomberg.com | Rich Miller | Posted 11.09.2009 | Business
While financial institutions including Citigroup Inc. and Bank of America Corp. have received more than $200 billion in capital from the government, t...
Times Online | By Suzy Jagger | Posted 11.09.2009 | Business
ST. ANDREWS, Scotland -- U.K. Prime Minister Gordon Brown and U.S. Treasury Secretary Timothy Geithner clashed over potential taxes on bank transactio...
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...
Robert Kuttner | Posted 11.09.2009 | Politics
Obama, like Kennedy, needs to overcome the dubious counsel of his own advisers, this time both economic and military. The president needs to listen to other voices, including his own.
The New York Times | LOUISE STORY | Posted 11.08.2009 | Business
Banks cut bonuses last year and shifted more pay into stock and options from cash, a tactic that lawmakers supported for its emphasis on long-term per...
New York Times | FRANK RICH | Posted 11.07.2009 | Politics
The Obama administration does not seem to understand that this rage, left unaddressed, could consume it. It has pushed aside the entreaties of many --...
Times Online | John Arlidge | Posted 11.07.2009 | Business
Goldman's reputation is suddenly as toxic as the credit default swaps and other inexplicably exotic financial instruments it used to buy with glee. Th...
The Huffington Post | Posted 11.04.2009 | Politics
On Wednesday morning on MSNBC's Morning Meeting, Dylan Ratigan railed against the current debate in the House Financial Services Committee about syste...
Joseph A. Palermo | Posted 11.04.2009 | Politics
The election results show that no incumbent governor (or incumbent party) can escape the wrath of an electorate that continues to bleed while it watches tax dollars squandered on foreign wars and Wall Street fat cats.
Cenk Uygur | Posted 11.03.2009 | Politics
Obama's first year has not been full of good signs. He got a few things done while clearly leaning on the wrong side on the most important issues. But it's nowhere near too late.
The Huffington Post | Rachel Weiner | Posted 11.02.2009 | Politics
A Democratic senator said on Monday that she's "not sure" why Treasury Secretary Timothy Geithner still has his job, calling his financial reform plan...
Joseph A. Palermo | Posted 11.02.2009 | Business
A criminal gang of rich white guys in New York did some extremely reckless things with the nation's collective wealth, and the middle class got clobbered.
Dylan Ratigan | Posted 11.02.2009 | Business
The current custodian of America's wealth, Treasury Secretary Tim Geithner, is not doing a good job. The time for corrective action is now.
AP / Huffington Post | By STEPHEN MANNING | Posted 11.01.2009 | Business
WASHINGTON -- Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing...
Posted 11.02.2009 | Business
***SCROLL DOWN FOR VIDEO*** WASHINGTON (Associated Press) — Treasury Secretary Timothy Geithner acknowledges the federal budget deficit is too hi...
McClatchy | Greg Gordon | Posted 11.01.2009 | Business
WASHINGTON -- In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but n...
HuffingtonPost.com | Shahien Nasiripour | Posted 10.30.2009 | Business
Democrats and Republicans ripped into Treasury Secretary Timothy Geithner during a Congressional hearing Thursday, as Geithner defended an administrat...
AP | JIM KUHNHENN and ANNE FLAHERTY | Posted 11.02.2009 | Business
WASHINGTON — An Obama administration plan to dissolve large, struggling financial firms rather than bail them out is encountering Republican res...
bloomberg.com | Richard Teitelbaum and Hugh Son | Posted 10.27.2009 | Business
Oct. 27 (Bloomberg) -- In the months leading up to the September 2008 collapse of giant insurer American International Group Inc., Elias Habayeb and h...
Bloomberg | Mark Fisher | Posted 10.26.2009 | Business
When the government was forced to bail out the financial system, our friends in Washington also had the opportunity to make the trade of the century f...
New York Times | STEPHEN LABATON | Posted 10.26.2009 | Politics
A senior administration official said on Sunday that after extensive consultations with Treasury Department officials, Representative Barney Frank, th...
The Huffington Post | Ryan McCarthy | Posted 11.02.2009 | Business
For Lawrence Summers, the president's economic adviser, the financial crisis is kind of like a military battle. Buried in this Wall Street Journal abo...
nytimes.com | LOUIS UCHITELLE | Posted 10.21.2009 | Business
Listen to a top economist in the Obama administration describe Paul A. Volcker, the former Federal Reserve chairman who endorsed Mr. Obama early in hi...
Joseph A. Palermo | Posted 10.20.2009 | World
Whatever Obama decides to do in Afghanistan is of little consequence compared to Wall Street's ongoing "plutonomy."
Huffington Post/AP | Posted 11.11.2009 | Business