Wall Street Bailout

What Do Professional Athletes Have in Common With Bankers?

Daniel Adler | Posted 12.21.2009 | Sports


Daniel Adler

Today, we will examine two industries. Neither produces a tangible product. Both have close ties to the government and receive billions of dollars i...

Wall Street's 10 Biggest Lies of 2009

Les Leopold | Posted 12.22.2009 | Business


Les Leopold

Not only are we richly rewarding those who wrecked our economy, but also, we have to put up with hundreds of fabrications about how the big banks got us here. Here is my biggest, fattest lies list for 2009.

The Moral Hazard of U.S. Global Interventions

Leon T. Hadar | Posted 12.18.2009 | World


Leon T. Hadar

Not unlike America's too-big-to-fail financial institutions, U.S. foreign clients tend to make their strategic calculations based not on what Washington says, but on what Washington does.

Shahien Nasiripour

Nation's 4 Biggest Banks Cut Business Lending By $100 Billion Since April

HuffingtonPost.com | Shahien Nasiripour | Posted 12.16.2009 | Business


While the administration and Congress work to increase bank lending, the nation's four biggest banks have collectively cut their loans to businesses b...

Shahien Nasiripour

Americans Think Federal Reserve Chairman Ben Bernanke Prefers Wall Street Over Main Street

HuffingtonPost.com | Shahien Nasiripour | Posted 12.16.2009 | Business


By a better than two-to-one margin, Americans think Federal Reserve Chairman Ben Bernanke puts Wall Street ahead of Main Street, according to a new po...

JPMorgan Bailout Repayment Completed With $936M Sale Of Warrants

AP | MARTIN CRUTSINGER | Posted 12.11.2009 | Business


WASHINGTON — The Treasury Department has received $936.1 million in the sale of warrants it had received from JPMorgan Chase & Co. as part of th...

5 Facts the Finance Industry Would Rather Ignore

Anna Bernasek | Posted 12.10.2009 | Business


Anna Bernasek

Incomplete reform won't work. The major proposals in Congress fail to comprehensively tackle the root cause of the crisis: bankers making huge profits by taking inappropriate risks with other people's money.

Wall Street's Latest Ponzi Scheme: Bailout Repayments?

Les Leopold | Posted 12.10.2009 | Business


Les Leopold

After a year of holy hell we may be witnessing an economic miracle: Bank of America, so recently on life support, comes up with $45 billion in hard cold cash to repay TARP in less than a year.

Shahien Nasiripour

Bank of America TARP Repayment Premature, Analyst Says

HuffingtonPost.com | Shahien Nasiripour | Posted 12.04.2009 | Business


A leading bank analyst says the regulators who allowed Bank of America to repay its $45 billion in government bailout funds made a big mistake because...

Jobs and Justice: Tie Wall Street Profits and Bonuses to the Unemployment Rate

Les Leopold | Posted 12.04.2009 | Business


Les Leopold

Congress and the Administration should call for a steep windfall tax on all Wall Street profits and bonuses, directly tying the tax to the unemployment rate.

Let's Recycle Unspent Bailout Money for Infrastructure Jobs

Jennifer Brunner | Posted 12.03.2009 | Home


Jennifer Brunner

We know that "trickle down" economics is voodoo economics. The grave warnings from the right that now we need to cut taxes with "no more bailout" are political ploys that show no courage, foresight or compassion.

Why Obama Won't Do What's Needed to Deal With the Mortgage Crisis

David Fiderer | Posted 12.02.2009 | Business


David Fiderer

In places like Phoenix, 54% of homeowners with mortgages have negative equity. That's about half a million underwater mortgages, more than the combined totals in Texas and New York state, where 10 times as many people live.

The American Home-Owning Dream On Life Support

Andy Kroll | Posted 11.30.2009 | Business


Andy Kroll

Close to 45,000 desperate homeowners showed up during NACA's five-day stand at the Cow Palace for the chance to renegotiate their disastrous subprime mortgages or sky-high interest rates or interest-only payments.

Stimulus versus Deficit Reduction? Wrong Debate

Les Leopold | Posted 11.30.2009 | Business


Les Leopold

You want deficit reduction? Then how about a wealth tax of 5 percent a year until the unemployment rate drops below 5 percent? That small tax on just 400 souls would reduce the deficit by about $75 billion a year.

In The Fed We Trust? Will The Senate Reward The Architect Of The Wall Street Bailout?

Robert L. Borosage | Posted 11.29.2009 | Business


Robert L. Borosage

Will the Senate vote another term for Ben Bernanke as head of the Federal Reserve? Should it?

Shahien Nasiripour

In Crazy New Landscape For Banks, Taxpayers Are The Big Losers

HuffingtonPost.com | Shahien Nasiripour | Posted 12.03.2009 | Business


This story has been updated Fifty banks collapsed during the third quarter of 2009, while more than one in 15 are on the verge of failure -- the high...

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...

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.

Goldman's Profits Come from Our Pockets: Why We Need a Tobin Tax

Ellen Brown | Posted 11.09.2009 | Business


Ellen Brown

While Wall Street's welfare queens have been busy collecting generous government handouts, the 50 states have been left to fend for themselves.

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.

Why Keep Geithner?

Dylan Ratigan | Posted 11.02.2009 | Business


Dylan Ratigan

The current custodian of America's wealth, Treasury Secretary Tim Geithner, is not doing a good job. The time for corrective action is now.

Shahien Nasiripour

Frank Says "Too Big To Fail" Bill Will Be Changed

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...

Brad Sherman: Finance Safeguards An Executive Power Grab, "TARP On Steroids"

Washington Independent | Mike Lillis | Posted 10.28.2009 | Politics


In the wake of the recent financial meltdown, it sounds like a reasonable idea: A proposal granting the White House broad new authority to take over w...

Jason Linkins

Mark Fisher On Morning Meeting: Taxpayers Need To Get "Their Pound Of Flesh" From Bailout Banks

HuffingtonPost.com | Jason Linkins | Posted 10.26.2009 | Business


On today's Morning Meeting, Dylan Ratigan took on the issue of bailouts for the few banks anointed as "too big to fail" with Mark Fisher, founder of M...

Wall Street Posts Strong Gains on Knowledge It Can Do Whatever the F*** it Wants

Jerome Halligan | Posted 10.23.2009 | Comedy


Jerome Halligan

The Dow Jones Industrial Average soared above 10,000 again Tuesday, chiefly on the strength of a report that Wall Street executives can do "basically anything they f***ing want, whenever they f***ing want."