Wall Street Bailout

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Latest blogosphere posts tagged “Wall Street Bailout”

  • Wells Fargo Spoils Citis Party (Again)


    DealBookAuthority Authority: 767
    At least twice over the past year or so -- and especially this week -- Citigroups best-laid plans have been derailed by Wells Fargo, its scrappier West Coast rival.
    6 hours ago
  • Critics Wail as Bernanke Basks in Praise


    DealBookAuthority Authority: 767
    Facing a vote on reconfirming him as the Federal Reserve chairman, Ben S. Bernanke came under renewed criticism from lawmakers right and left after Time magazine named him "Person of the Year."
    15 hours ago
  • Now thats embarassing


    The Economic Populist - Speak Your Mind 2 Cents at a TimeAuthority Authority: 572
    It seems the Treasury ran into a small problem today regarding Citi. The U.S. government abruptly shelved plans to start trimming its 34% stake in Citigroup Inc., after investors demanded a price so low that the Treasury Department would have lost hundreds of millions of dollars on the deal. The ...
    1 day ago
  • U.S. Said to Reconsider Quick Sale of Citigroup Stake


    DealBookAuthority Authority: 767
    Two days after Citigroup moved to untangled itself from Washington, the Treasury reversed course Wednesday and backed away from plans to immediately sell a portion of its stake in the banking giant, according to a person briefed on the situation.
    1 day ago
  • TIME Names Federal Reserve Chairman Ben Bernanke Person Of The Year


    Joe. My. God.Authority Authority: 702
    Via Los Angeles Times : Federal Reserve Chairman Ben Bernanke was named "Person of the Year" by Time magazine today for leading the "most-powerful, least-understood government force shaping our lives," Managing Editor Richard Stengel said. Bernanke, 56, was picked for his efforts to shepherd the U.S. out of the ...
    1 day ago
  • Time Names Bernanke Person of the Year


    DealBookAuthority Authority: 767
    Time magazine picked Federal Reserve Chairman Ben S. Bernanke as its Person of the Year, noting the powerful hold he has over the economy and the aggressive steps he took to preserve it over the past year.
    1 day ago
  • Government Gave Up Billions in Tax Revenue in Citigroup Deal


    Politics DailyAuthority Authority: 789
    Filed under: Economy , Wall Street The U.S. government agreed to forgo billions in tax revenue in a deal with Citigroup earlier this week to help the company repay its bailout money, the Washington Post reports . The Internal Revenue Service issued an exception to longstanding rules for Citi and other ...
    1 day ago
  • Os Wall Street love affair


    Tara Lynn ThompsonAuthority Authority: 134
    "I did not run for office to be helping out a bunch of, you know, fat cat bankers on Wall Street." Obama 12/13/09 True. Thats Little Timmy Geithners job, along with Os economic advisers Michael Froman and Jamie Rubin. Heres the interesting part. O hired Wall Street while demonizing Wall Street to fix Wall Street. ...
    3 days ago
  • Weather Keeps Some Bankers Away From Obama Talk


    DealBookAuthority Authority: 767
    President Obama talked with the executives that he termed "fat cats" on Monday, asking the chiefs of the nations biggest banks to the White House to press them to help speed the economic recovery by providing more loans to small businesses and homeowners.
    3 days ago
  • Another View: Redefining How to Repay TARP


    DealBookAuthority Authority: 767
    The government must reexamine the standards by which banks can repay the billions of dollars they received under the Troubled Asset Relief Program, an architect of the financial bailout writes in Another View.
    3 days ago
  • Paralysis by (Financial) Analysis


    City Lakes Real Estate BlogAuthority Authority: 136
    Instant Amnesia -- Or Something Worse?If it exists, its possible.--unknownBelieve me, its not what it is.--caption, New Yorker cartoon (what husband caught in bed with another woman says to his wife, standing in the doorway).Lets see: as every investor, saver, employed person and sentient being knows, the U.S. ...
    4 days ago
  • Bair Says F.D.I.C. Questioned BofA Assistance


    DealBookAuthority Authority: 767
    The Federal Deposit Insurance Corporation resisted pressure from the administration of President George W. Bush to extend assistance to Bank of America to complete its purchase of Merrill Lynch but was ultimately convinced of the need, its chairman, Sheila Bair, said on Friday.
    6 days ago
  • Rhetoric Heats Up Ahead of Regulatory Vote


    DealBookAuthority Authority: 767
    House Democrats defended their Wall Street regulatory overhaul on Thursday against Republican criticism that the plan would perpetuate a bailout mentality.
    1 week ago
  • Taxpayers lose $61 Billion on AIG, auto bailouts


    The Economic Populist - Speak Your Mind 2 Cents at a TimeAuthority Authority: 572
    Despite whatever you might have heard about these bailouts being a good investment, the taxpayers lost money on this deal. The Treasury Department is acknowledging for the first time that it lost $61 billion on two key programs designed to stabilize the economy after the largest financial crisis in decades. ...
    1 week ago
  • Geithner Sees Headwinds on Road to Recovery


    DealBookAuthority Authority: 767
    The United States economy is struggling against "headwinds" that mean the government must retain the ability to respond to unexpected crises, even as it starts to wind down emergency programs, Treasury Secretary Timothy F. Geithner said Thursday.
    1 week ago
  • Banking’s New Game: Managerial Wealth


    Newsroom MagazineAuthority Authority: 128
    Profitability became the only metric, market value the principal goal, and short term performance the motivating force.New YorkBanking: Private Benefit At Public CostThe overriding lesson from last year’s collapse of credit is now clear: New wave bankers, those schooled at our most prestigious schools, those ...
    1 week ago
  • Lawmakers Pursue Financial Crisis Prosecutions


    DealBookAuthority Authority: 767
    Members of the Senate Judiciary Committee questioned three of Wall Streets top cops on Wednesday in an effort to examine why they had not done more to prosecute individuals and securities firms that may have played a part in creating the financial crisis.
    1 week ago
  • If Banksters Are Like Gangsters, Wheres the Anti-Bankster Legislation?


    Black Agenda ReportAuthority Authority: 133
    1 week ago
  • Fed Fight Could Build a Movement Against Bailout, Banksters


    Black Agenda ReportAuthority Authority: 133
    1 week ago
  • Two Sets of Books Require Two Sets of Accounting Standards


    Sense on CentsAuthority Authority: 477
    What was at the core of the current economic crisis? The financial transactions embedded in the SIVs (structured investment vehicles) located off-balance sheet within our major financial institutions brought our country to its knees. As the securities housed in these SIVs plunged in value, Uncle Sam was forced to ...
    1 week ago

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