Wall Street bailout

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Latest blogosphere posts tagged “Wall Street bailout”

  • 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 ...
    16 hours ago
  • A Move to Revive Glass-Steagall


    The Washington IndependentAuthority Authority: 741
    Ten years ago, Congress dismantled the decades-old Glass-Steagall Act, breaking down the firewalls between commercial banks and securities houses, and helping Wall Street firms grow into the too-big-to-fail institutions that exist now. There’s been a great deal of debate about the extent to which the death of ...
    1 day ago
  • GOP Agenda: Just Stall


    The Washington IndependentAuthority Authority: 741
    Sens. John Ensign (R-Nev.) and David Vitter (R-La.) (WDCpix) Sen. Judd Gregg (R-N.H.) ruffled feathers this month when he drafted a detailed strategy for stalling the health reform bill moving through the upper chamber. Yet Gregg is hardly alone, and health-care legislation is hardly the only target of the GOP’s ...
    2 days ago
  • Geithner Assails Huge Wall Street Bonuses


    DealBookAuthority Authority: 762
    Treasury Secretary Timothy F. Geithner on Friday criticized the huge bonuses that Wall Street is expected to pay this year and he rejected the contention by Goldman Sachs that it would have survived the financial crisis without $10 billion in government bailout money.
    4 days ago
  • A Windfall Profits Tax for Goldman Sachs?


    DealBookAuthority Authority: 762
    The Deal Professor examines the arguments for imposing a windfall profits tax on Goldman Sachs, given the government help that it received and the supersized bonuses that it is expected to give out.
    4 days ago
  • Obama Job Summit: Another Manufacturer Opts Out of U.S.A.


    Big GovernmentAuthority Authority: 815
    On November 11, David N. Farr, Chairman, CEO and President of Emerson Electric Co., announced at the Baird 2009 Industrial Conference in Chicago that President Obama has succeeded in chasing his multi-billion dollar industry right out of the U.S.A. Why? Onerous regulation, high taxes, and the over $1 trillion Obama ...
    5 days ago
  • Bank of America Ready to Pay Back $45 Billion in Bailout Money


    Politics DailyAuthority Authority: 793
    Filed under: Economy , Wall Street Bank of America announced Wednesday that it will pay back the $45 billion it received from the Troubled Assets Relief Program, or TARP. The U.S. dollar and euro both rose in response to the positive news from Americas largest bank. "We appreciate the critical role that the ...
    6 days ago
  • Bank of America to Repay $45 Billion From TARP


    NYT > TheaterAuthority Authority: 900
    Bank of America said late Wednesday that it would repay the entire $45 billion in bailout money that it received from the government. It said the money would be repaid after it completed a securities offering.
    6 days ago
  • Bank of America to Repay $45 Billion From TARP


    DealBookAuthority Authority: 762
    Bank of America said late Wednesday that it would repay the entire $45 billion in bailout money that it received from the government. It said the money would be repaid after it completed a securities offering.
    6 days ago
  • Obama’s Jobs Summit and Bernanke’s Reappointment: Connect the dots


    http://www.ourfuture.org/blogAuthority Authority: 666
    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 week 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 ...
    1 week 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 ...
    1 week 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...
    1 week ago
  • IMF: The cost of a second bailout may be democracy


    The Economic Populist - Speak Your Mind 2 Cents at a TimeAuthority Authority: 592
    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 ...
    2 weeks 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 ...
    2 weeks ago
  • Can We Say It Now?


    Get the Facts & Get InvolvedAuthority Authority: 409
    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 ...
    2 weeks ago
  • Geithner Hopes for Quick End to TARP


    DealBookAuthority Authority: 762
    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.
    2 weeks ago
  • Shelby Opposes Dodds Financial Regulatory Bill


    DealBookAuthority Authority: 762
    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.
    2 weeks ago
  • McCain Aides Attacks on Palin Grow Tedious


    Big GovernmentAuthority Authority: 815
    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 ...
    2 weeks ago
  • Analyst Discounts Chances of Bank Breakup Plan


    DealBookAuthority Authority: 762
    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
    2 weeks ago

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