Wall Street Bailout

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Powerball Jack and the Wall Street Bailout

Don McNay | Posted 04.16.2009 | Business

Read More: John Thain Decorator, John Thain, Wall Street Bailout, West Virginia, Main Street, Powerball Winner, Immediate Annuities, Jack Whitaker, Wv, Gambling, Merrill Lynch, Private Jets, Hurricane West Virginia, Kentucky, Wall Street Bonuses, Lexington KY, Personal Finance, Casinos, Lottery, Toliets, Annuities, Lotteries, Powerball, Lottery Winner, Charleston, Aig, Don McNay, Structured Settlements, Wall Street, Citigroup Bailout, Annuity, Citigroup, Business News

If the people on Wall Street knew that no one would ever be there to bail them out, ever again, they would be less inclined to gamble with instruments they don't really understand.

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Larry Summers: Stop the AIG Bonuses. Yes You Can.

Aaron Zelinsky | Posted 04.15.2009 | Business

Read More: Wall Street Bailout, Timothy Geithner Treasury Secretary, Internal Revenue Code, Internal Revenue Service, Aig Bonuses, AIG Bailout, Larry Summers, AIG Executives, Lawrence Summers, Derivative Suits, Aig, AIG Ba, Bailout, Wall Street, Tim Geithner, Executive Compensation, Larry Summers Treasury Secretary, Economy, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Business News

Larry Summers claims that nothing can be done about the AIG bonuses. As a former Secretary of the Treasury, he should know better.

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The Tricky 2009 Politics of Finance

Kevin Phillips | Posted 04.13.2009 | Business

Read More: Bill Clinton, Robert Rubin, Geithner, Neel Kashkari, Wall Street Bailout, Hank Paulson, Bailout, Rahm Emanuel, Tim Geithner, Henry Paulson, Financial Crisis, Timothy Geithner, Ben Bernanke, Business News

Paulson has left, to be sure, but his spirit (and his aides) linger on under Geithner. This doesn't quite seem like "real" change.

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The Positive Economics of Food Stamps

Don McNay | Posted 04.09.2009 | Business

Read More: Bookmaker, Welfare, Wall Street Bailout, Food Stamps, Economy, Gambler, Cincinnati, Main Street, Aig, Don McNay, Stimulus, Bookies, Merrill Lynch, Food Stamp Program, Bailout, Grocery Stores, Kentucky, Food, Economic Stimulus, Personal Finance, Citigroup, Business News

A program that gives back $1.73 for every dollar spent is a better return than Wall Street is offering.

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Is Obama-Love Holding the Economic Pitchforks & Torches at Bay?

Phil Bronstein | Posted 04.09.2009 | Politics

Read More: Wall Street Bailout, Phil Bronstein, Politics, Barack Obama, Economy, 100 Days, Obama First 100 Days, Politics News

There's something the president is doing effectively, charged rhetoric and gauntlet-throwing policies notwithstanding: he's doing a hell of a job keeping the lid on things.

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CEO Compensation Increases Despite Firms' Troubles

Huffington Post | Julie Satow | Posted 04.09.2009 | Business

Read More: Ceo Perks, Wall Street CEOs, Wall Street Bailout, CEO Pay, Wall Street, Golden Coffins, Slideshow, CEO Compensation, Executive Pay, Business News

Companies may be floundering, but some chief executives continue to see their pay checks grow. According to Crain's New York Business: Amid the...

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Looking for Bailout Love in All the Wrong Places

Don McNay | Posted 04.03.2009 | Business

Read More: Citigroup CEO, Wall Street Bailout, Hank Paulson, Wayne Rogers, Lobbyists, Credit Card Rates, Todd Thomson, Fox Business Network, Common Sense, Aig, Citigroup Rescue, Bailout, Insurance, Maria Bartiromo, Hank Greenberg, Mash, Kentucky, Lexington KY, Personal Finance, Credit Card Industry, New AIG Bailout, Bad People, Maurice "Hank" Greenberg, Auto Insurance, Cnbc, AIG Bailout, Don McNay, Credit Card Debt, Credit Cards, Insurance Companies, Insurance Industry, Robert Rubin, Debt Collectors, Citigroup Stock, Credit Card Interest Rates, Wall Street Crisis, Citigroup Bailout, Good People, American Insurance Group, Bad-Deals, Ron Shelp, Good-Deals, Citigroup, Bailout Outrage, Business News

Citigroup and AIG employ thousands of good people. But they have had rotten apples in leadership. They created a culture that is probably impossible to change or fix.

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Capitalism - the Gift That Keeps on Taking: Part I

Michael Gene Sullivan | Posted 04.17.2009 | Politics

Read More: Politics, Wall Street Bailout, Government Bailout, Bailout, Corporations, Corporate America, Crime, Economy, George W. Bush, Obama Administration, Corporate Power, Socialism, Corporate Greed, Business, Capitalism, Politics News

Most Americans are not capitalists. They might want to be capitalists, but no matter how much you, or that hardworking barista, that well paid techno-nerd, small farmer, or gangsta rapping bank teller may want to be capitalists, you are not capitalists. You are workers.

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Citigroup, Gov Reach Deal For Up To 36% Stake

AP | MARTIN CRUTSINGER | Posted 03.30.2009 | Business

Read More: Wall Street Bailout, Geitner Nationalization, Nationalization, Bailout, Citigroup 40%, Citibank, Timothy Geithner, Bank Bailout, Geithner Nationalization, Citi Nationalization, Geithner Citibank, Citigroup Nationalization, Citigroup, Business News

WASHINGTON — The U.S. government will exchange up to $25 billion in emergency bailout money it provided Citigroup Inc. for as much as a 36 perce...

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Stress Test Details Revealed, "Not Harsh Enough" Say Critics

New York Times | EDMUND L. ANDREWS and ERIC DASH | Posted 03.29.2009 | Business

Read More: Wall Street Bailout, Bailout Banks, Bailout, Bailout Banks Stress Test, Bank Stress Tests, Business News

WASHINGTON -- The Obama administration ordered the nation's 19 biggest banks on Wednesday to undergo stress tests to check whether they could hold up ...

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The Billions of Our Economy Versus the Trillions of High-finance: The New Asymmetry

Saskia Sassen | Posted 03.28.2009 | Business

Read More: Wall Street Bailout, Gdp, Bailout, Finance, Banks, Congressional Budget Office, Business News

The real challenge we face is how to switch out of the hyper-financial mode of the last two decades. It is not to rescue zombie banks.

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The Search for a Bailout End Game

Don McNay | Posted 03.27.2009 | Business

Read More: John F. Kennedy, Iraq Surge, Congress, Automaker Bailout, Wall Street Bailout, Howard Beale, Economy, Rick Santelli Video, Economic Crisis, Aig, Cincinnati, Don McNay, Stimulus, Henry VIII, Barack Obama, Rick Santelli Revolution, Thomas More, US Economy, Iraq War, Wall Street Crisis, Economic Stimulus Package, Bailout, Henry Paulson, Kentucky, Rick Santelli, Economic Stimulus, Lexington KY, Republicans, Citigroup, Business News

Every bailout plan reminds me of an economic re-run of the Iraq war: There is a lot of panic. A hastily written plan sweeps through Congress without scrutiny. The plan is expected to "shock and awe" us.

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Bailout Banks Survival Guide: Rating The Top 12 Banks

MoneyMorning.com | Martin Hutchinson | Posted 03.23.2009 | Business

Read More: Wall Street Bailout, Government Bailout, Bailout, Bank of America, Banks, Banking Crisis, Bailout Plan, Bank Bailout, Business News

We listed the 12 largest U.S. banks by assets, as of Dec. 31, ignoring foreign-owned banks, Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS) (tho...

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The Real Grand Bargain

Robert L. Borosage | Posted 03.20.2009 | Politics

Read More: Fiscal Summit, Obama, Obama Economy, Budget Crisis, Wall Street Bailout, Geithner Plan, Geithner Press Conference, Economic Crisis, 100 Days, Geithner Bailout, Obama Administration, Pete Peterson, Bank Bailout, Tim Geithner, Politics News

A long term discussion of America's finances could help Americans look beyond the crisis, defining where we need to go and how, in the long term, we'll pay for it.

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Two Women Show Real Bipartisanship

Madeleine M. Kunin | Posted 03.20.2009 | Politics

Read More: Women in Politics, Republican Women Senators, Susan Collins, Wall Street Bailout, Geithner Plan, Geithner Press Conference, 100 Days, Geithner Bailout, Olympia Snowe, Obama Administration, Obama Economy, Bipartisanship, Bank Bailout, Stimulus Bill, Tim Geithner, Maine, Politics News

Think of what the Congress might accomplish if we had a few more women like Maine Senators Susan Collins and Olympia Snowe on both sides of the aisle.

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Bank Aid (with Apologies to Willie)

James Moore | Posted 03.20.2009 | Comedy

Read More: Wall Street Bailout, Willie Nelson, Wealth, Satire, Economic Crisis, Bank Aid, Comedy News

The idea for Bank Aid was conceived by a broker dealer who had lost uncounted millions on short selling and options.

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Learning from the Geithner Financial Rescue Announcement: Is the Best Yet to Come?

Rep. John Conyers | Posted 03.14.2009 | Politics

Read More: John Conyers, Wall Street Bailout, Geithner Plan, Geithner Press Conference, 100 Days, Geithner Bailout, Obama Administration, Obama Economy, Bank Bailout, Tim Geithner, Politics News

So much has been written about the bank rescue announcement by Treasury Secretary Geithner, and a clear verdict has set in -- the details were missing and the plan was far too scant to soothe the markets.

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Bankers on the Hill

James Warren | Posted 03.14.2009 | Politics

Read More: JP Morgan Chase, Citigroup Inc., Lloyd Blankfein, Wall Street Bailout, Bailout Testimony, CEOs of Bank of America Corp., Citigroup CEO Vikram Pandit, Bailout Bandits, Wall Street Crisis, Bailout, Bailout Banker Testimony, Business News, Banking Crisis, Banks, Congressional Hearings, Wall Street Banker Testimony, Politics News

Rarely in the rich history of congressional stonings have the victims been so crisply-attired, so contrite, so deferential, and so tolerant of their grandstanding captors.

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Geithner Must Go

Jacob Heilbrunn | Posted 03.14.2009 | Politics

Read More: Wall Street Bailout, Geithner Plan, Geithner Press Conference, 100 Days, Geithner Bailout, Obama Administration, Obama Economy, Bank Bailout, Tim Geithner, Politics News

Geithner didn't offer a plan yesterday so much as a new faith-based initiative that is more notable for what it doesn't do than what it does.

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Paging Lee Iacocca!

Christine Pelosi | Posted 03.13.2009 | Politics

Read More: Lee Iacocca, Timothy Geithner, Wall Street Bailout, Main Street Bailout, A-Rod, President Barack Obama, Politics News

Is there really no way to ensure a single standard for Wall Street and Main Street? Are there really no CEOs willing to serve as Lee Iacocca did?

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Stimulating

Zachary Karabell | Posted 03.12.2009 | Business

As muddled as this economic stage may be -- and all major measures taken in crisis usually are -- it is born of the drive to reconstruct and not profiteer, and that alone is progress to applaud.

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Wealth Without Wall Street

Don McNay | Posted 03.12.2009 | Business

Read More: Small Business, Wall Street Bailout, Main Street and Wall Street, Cnbc, Too Big to Fail, Enron, Main Street, Don McNay, Insurance Companies, Cirtigroup, Small Business Administration, Wall Street Crisis, Bailout, Wall Street, Charlie Gasparino, Citigroup Bailout, Deregulation, Banks, Kentucky, CEO Compensation, Entrepreneurship, Bonuses, Entrepreneur, Wall Street Bonuses, Personal Finance, Soviet Union, Citigroup, Oregon, Business News

There has been a long and irreversible trend toward small, entrepreneurial businesses, located far from money centers. Instead, Washington keeps throwing money at these "too big to fail" money losers.

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Bank Bailout's Private Money Aid

New York Times | FLOYD NORRIS | Posted 03.12.2009 | Business

Read More: Hedge Funds Bailout, Wall Street Bailout, Economy, Private Equity Bailout, Financial Crisis, Banking Crisis, Banks, Global Financial Crisis, Bailout Plan, Bank Bailout, Business News

Wall Street helped produce the global financial and economic crisis. Now, as the Obama administration prepares to unveil a revised bailout plan for th...

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Obama Turns Gray (Davis)

Jeffrey Klein | Posted 03.11.2009 | Politics

Read More: Tarp, Wall Street Bailout, Bailout, Obama Gray Davis, Gray Davis, Bank Bailout, Barack Obama, Politics News

By not punishing anyone -- excessive risk-takers, complicit bureaucrats, bait-and-switch bipartisans -- Obama looks weak.

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Enough with the "First Hundred Days"

Alec Baldwin | Posted 03.09.2009 | Politics

Read More: Tarp, John McCain, Wall Street Bailout, Timothy Geithner Treasury Secretary, Celebrities Talk Politics, Bailout, 100 Days, Obama Administration, Geithner Taxes, Henry Paulson, Timothy Geithner, Alberto Gonzales, Barack Obama, Prosecution, Politics News

Everyone seems to be on this "First Hundred Days" trip. What's Obama gonna do to clean up these disparate, enormous messes? Put out all the fires? Give it a rest. Obama might consider a few things, though.

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