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US Treasury

House of Chutzpah, House of Cards, or Back to the Future Again

Jessica Catto | Posted 05.25.2011 | Politics
Jessica Catto

The disgust burbled up at the callousness of Enron; it has been simmering ever since, and with AIG it has boiled over.

AIG Woes To Cost RTA Millions

AP | Posted 05.25.2011 | Chicago

CHICAGO -- The Regional Transportation Authority is among about 30 transit agencies around the nation that could be on the hook for millions of dollar...

My April Fool's Prank on NPR

Andy Borowitz | Posted 05.25.2011 | Comedy
Andy Borowitz

On NPR yesterday, I revealed that the U.S. Treasury is also running an elaborate Ponzi scheme, selling worthless pieces of paper called "U.S. Treasuries" to unsuspecting investors.

NY Lottery Considers $37 Million Gamble: May Dump Treasuries For Riskier Assets

Bloomberg | Michael Quint | Posted 05.25.2011 | Business

Feb. 10 (Bloomberg) -- The New York Lottery is proposing a gamble where the odds aren't always in its favor -- moving its $1.3 billion prize fund into...

TARP is Welfare; Control It

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Taxpayers, who despise the notion of welfare queens, should demand Congress "discredit" and dethrone the kings of Wall Street.

Bush Treasury Overpaid For Bank Stocks: Watchdog Elizabeth Warren

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — The federal government overpaid for stocks and other assets in attempting to help financial institutions last year, a government wa...

Government Watchdog: TARP Still Lacks Transparency, Accountability

Wall Street Journal | MICHAEL R. CRITTENDEN | Posted 05.25.2011 | Business

The U.S. Treasury's financial-rescue plan remains an incomplete operation, plagued by backlogs and a lack of clear mission, a government watchdog said...

US Debt May Soar By $2 Trillion In 2009

Washington Post | Lori Montgomery | Posted 05.25.2011 | Business

With President-elect Barack Obama and congressional Democrats considering a massive spending package aimed at pulling the nation out of recession, the...

Congress Bails out Those Who Shower Before Work, but not Those who Shower After Work

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Detroit is a place where workers are unionized; Wall Street is not. And right-wing Republicans and conservative pundits have made it clear they want the union workers to suffer.

Neel Kashkari's Stock Plummeting Like the Dow Jones

Disgrasian | Posted 05.25.2011 | Media

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

Kashkari: One Of People's Sexiest Men Alive

Silicon Alley Insider | Caroline Waxler | Posted 05.25.2011 | Business

This explains why he got such a harsh grilling the other day in Congress. Nobody likes a pretty boy! Wonder if he knew in his Ferrari-posing high sch...

America: Get Your Financial Act Together

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

It would be as irrational to allow the Ayatollahs to build bombs as it would be to allow Wall Streeters to run amok again building their weapons of financial mass destruction.

Paulson Deal Cheats American Taxpayers

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

We need to bury the philosophy that worships only business, free markets, deregulation and free trade, and replace it with an economic program that rebuilds the middle class.

The Last Supper on Wall Street: Sushi, Stocks, and Who is Picking Up the Check?

Vivian Norris | Posted 05.25.2011 | Business
Vivian Norris

Denial was overtly present during a three hour dinner at an expensive sushi restaurant. Bankers threw stock prices into the conversation between the dishes of sashimi and cucumber martinis.

Freddie and Fannie: Republican victims

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The announcement on Sunday that the Fed and U.S. Treasury will backstop these two financial intermediaries is an entirely predictable, latter-day outcome as a result of cowboy capitalism.

How The Government Would Bail Out Fannie Mae, Freddie Mac

AP | MARTIN CRUTSINGER and ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Now that the federal government has thrown a lifeline to mortgage giants Fannie Mae and Freddie Mac, taxpayers could be on the hook...