Wall Street bailout

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Latest blogosphere posts tagged “Wall Street bailout”

  • Obama’s Jobs Summit and Bernanke’s Reappointment: Connect the dots


    http://www.ourfuture.org/blogAuthority Authority: 646
    How ironic that Obama’s jobs summit should be scheduled on the same date (Thursday, December 3) that the Senate Banking Committee has scheduled the reconfirmation hearing of Federal Reserve Chairman, Ben Bernanke. Our economy is in a hole. Ben Bernanke is “ waist deep in responsibility. ” Reappointing him has ...
    1 day ago
  • An Astute Translation of the Banks’ Case Against New Regulations


    The Washington IndependentAuthority Authority: 741
    The finance industry, seeming to forget that it was responsible for the economic turmoil that’s pushed unemployment above 10 percent , is lobbying furiously (and successfully ) against Democratic legislation designed to protect consumers and prevent a similar episode in the future. Yesterday, industry ...
    6 days ago
  • House Bill Would Cap Credit Card Rates at 16 Percent


    The Washington IndependentAuthority Authority: 741
    Equating today’s rising credit card rates to usury, several House Democrats today announced plans to introduce legislation capping credit card rates at 16 percent. “Things were a lot better for the average person in this country when we had usury caps,” Rep. Louise Slaughter (D-N.Y.), head of the House Rules ...
    6 days ago
  • More on Goldman and AIG


    Wall Street PitAuthority Authority: 638
    Thomas Adams, a lawyer and former bond insurer executive, wrote a guest post for naked capitalism on the question of why AIG (AIG) was bailed out and the monoline bond insurers were not (wow, is it really almost two years since the monoline insurer crisis?). He estimates that the monolines together...
    6 days ago
  • IMF: The cost of a second bailout may be democracy


    The Economic Populist - Speak Your Mind 2 Cents at a TimeAuthority Authority: 593
    Wall Street CEOs are deaf to Main Street while awarding themselves record bonuses from taxpayer bailout money. Democrats in Congress, in the White House, and regulators in the Federal Reserve who propose a permanent TARP bailout program are also deaf to Main Street. But even the IMF has heard the ...
    1 week ago
  • Marching on


    The Goat RopeAuthority Authority: 126
    "Against an enemy . How good bad music and bad reasons sound when one marches against an enemy!"--Friedrich Nietzsche, The Dawn SATURDAY NIGHT LIVE . Health care reform faces a crucial vote in the Senate this weekend. SQUANDERED TRUST . Being too nice to bad banks may have more than financial costs. THIS ...
    1 week ago
  • Can We Say It Now?


    Get the Facts & Get InvolvedAuthority Authority: 408
    Yesterday, Bloomberg.com ran a story titled, "Bailout Hasnt Checked Wall Street Risks, Warren Says."My first response was, "Duh, and this is news."Did anyone really think that the geniuses who made millions running their companies into the ground; who nearly brought global financial markets to a crashing halt; and who ...
    1 week ago
  • Geithner Hopes for Quick End to TARP


    DealBookAuthority Authority: 757
    Treasury Secretary Timothy F. Geithner said Thursday that the government would end its $700 billion bailout program "as soon as we can," and that part of it would be used to lower the record deficit.
    1 week ago
  • Shelby Opposes Dodds Financial Regulatory Bill


    DealBookAuthority Authority: 757
    Senator Richard C. Shelby of Alabama, the ranking Republican on the Senate Banking Committee, said Thursday that he would vote against the financial regulatory bill proposed last week, setting the stage for what could be a contentious and drawn-out set of negotiations.
    1 week ago
  • McCain Aides Attacks on Palin Grow Tedious


    Big GovernmentAuthority Authority: 816
    The continued attacks on Sarah Palin by campaign Aides to Senator John McCain are almost beyond belief. Continued attacks on Palin, and on her performance as the Vice Presidential candidate by McCain Aide Steve Schmidt, are particularly ridiculous given Schmidt’s track record of incompetence and missteps by the ...
    1 week ago
  • Analyst Discounts Chances of Bank Breakup Plan


    DealBookAuthority Authority: 757
    Scott Valentin, the banking analyst at FBR Capital Markets, believes that there is little chance that Representative Paul E. Kanjorskis bank breakup plan will make it into the final financial overhaul bill in its current form.l
    1 week ago
  • Geithner: Economy Is Better By Any Measurement


    Big GovernmentAuthority Authority: 816
    This morning, in testimony before the Joint Economic Committee, Treasury Secretary Timothy Geithner said that, by any measurement of the strength and stability of the US economy, the economy today is better than it was when Obama took office. Sheesh, tell that to the millions of people who have lost their job since ...
    1 week ago
  • Blankfein Sorry for Goldmans Role in Crisis


    DealBookAuthority Authority: 757
    Lloyd C. Blankfein, chief executive of Goldman Sachs, is apologizing for his firms role in the financial crisis.
    2 weeks ago
  • Rodge Cohen, the Trauma Surgeon of Wall Street


    DealBookAuthority Authority: 757
    H. Rodgin Cohen, who played one of the biggest civilian roles in the financial bailout, and earned millions, drives a Subaru and knows his Hitchcock trivia.
    2 weeks ago
  • Congress Creating Big Brother for Wall Street


    Big GovernmentAuthority Authority: 816
    Senator Chris Dodd’s (D-CT) approach to overhaul financial industry regulations is scheduled to be debated next week in the Senate Banking Committee with a mark-up of the bill starting in early December.  This bill is sold as an effort by the federal government to seize control of financial institutions with the ...
    2 weeks ago
  • Bank Breakup Plan, Still Unseen, Draws Wall St. Ire


    DealBookAuthority Authority: 757
    A legislative amendment set to be proposed by Representative Paul E. Kanjorski, Democrat of Pennsylvania, is creating quite a stir on Wall Street, even though a completed version has yet to be seen.
    2 weeks ago
  • 10 Years Later, Looking at Repeal of Glass-Steagall


    DealBookAuthority Authority: 757
    DealBook takes a look at the state of banking 10 years after the repeal of the Glass-Steagall Act of 1933, which had separated commercial and investment banks.
    2 weeks ago
  • The Real Axis of Evil: Washington, the Fed, and Wall Street


    Big GovernmentAuthority Authority: 816
    As Washington extends its reach farther into our lives and limits our freedoms, the Fed destroys the value of the dollar and our savings, and Wall Street continues to make billions of dollars using taxpayer money without creating any sustainable growth for the economy, Americans should begin to ask ourselves who our ...
    2 weeks ago
  • Catfight: Barney Frank Vs. Ed Shultz


    Joe. My. God.Authority Authority: 709
    Subscribe to Joe.My.God.
    2 weeks ago
  • Im Sorry That Citigroup Exists, Ex-Chief Says


    DealBookAuthority Authority: 757
    John S. Reed, who helped engineer the merger that created Citigroup more than a decade ago, is apologizing for his role in creating a bank that required a $45 billion government bailout.
    3 weeks ago

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