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Jamie Lee Curtis: Fix the Income
I am thinking about the millions of workers who were cut loose by their partners, their government, their businesses, their bosses, their schools, institutions. The rope has been cut. How did this happen. When did it happen? Was it the crash or the Mad(off) men or the shock and awe of the (don'...
Sat, Jan 30 | from Huffington Post
The Quiet Desperation of the MSM
Thus we see the “old grey lady,” the New York Times, gradually, inexorably being reduced to an old grey bag lady as its readership declines by the day. Barring a federal bailout of the Times and other national lib media, which has been suggested and is not beyond possibility, that newspape...
Sat, Jan 30 | from Say Anything
Crisis in Spain and Greece: Plan A and Plan B
There's no bailout. There's no way out," French Finance Minister Christine Lagarde said, after a closed-door meeting with European Commissioner Joaquin Almunia and European Central Bank President Jean-Claude Trichet. Though, talk of a bailout has been dismissed, the idea continues...
Fri, Jan 29 | from Mish's Global Economic Trend Analysis
Mary Bottari: This Week in Banking: Root Canals, Rhetoric or Real Reform?
The President understands that the Wall Street bailout was "about as popular as a root canal." But if Democrats continue to peddle this type of rhetoric while neglecting meaningful reform as they have done this week, the Republicans will run away with the anti-bailout message and with th...
Fri, Jan 29 | from Huffington Post
Janet Tavakoli: Congress Exposes Potential Profiteering in AIG's Deals: Delay Enabled Further Cover-Up
Then Treasury Secretary Henry Paulson was CEO of Goldman Sachs at the time it put on these trades with AIG. Lloyd Blankfein was (and remains) CEO of Goldman and was the only Wall Street CEO at one of Paulson's bailout discussions. Stephen Friedman, then Chairman of the NY Fed, also served on G...
Thu, Jan 28 | from Huffington Post
Headlines for January 28, 2010
Obama Stresses Job Recovery in State of Union AddressZelaya Leaves Honduras As New President Takes OfficeReport: U.S. Military Spending in Haiti More Than Triples Assistance to Haitian Gov'tHaiti Postpones Parliamentary Vote, Suspends Orphan FlightsSurvivor Found Beneath Rubble...
Thu, Jan 28 | from Democracy Now!
Lawrence G. McDonald: The Volcker Rule
The clowns running Citigroup (C) and Bank of America (BAC) risked depositor money by investing over $250 billion in mortgage backed securities, much of it in off balance sheet SIVs, rolling the dice and leaving Uncle Sam to hold the bag. These two behemoth institutions crippled the banki...
Mon, Jan 25 | from Huffington Post
Opinion: Sen. Ted Kaufman: Breaking Wall Street's Boom, Bailout Cycle
Congress and the SEC have not enacted any reforms. And the American people remain at risk of another financial debacle. Mr. President, we must never let this happen again. Mr. President, I rise today because I am deeply concerned that just over one year since the collapse of Lehman Brothers, a f...
Fri, Nov 6 | from Huffington Post
Podcast: Who is Obama Playing Ball With?
It looked like it was business as usual for President Barack Obama on the first day of his Martha’s Vineyard vacation, as he spent five hours golfing with Robert Wolf, president of UBS Investment Bank and chairman and CEO of UBS Group Americas. Wolf, an early financial backer of Obama’s pre...
Tue, Aug 25 | from Democracy Now
Opinion: Nathan Lewis: The GS-Files 2: Stuffing the Taxpayer
Another way has been through the Federal Reserve, via the alphabet soup of "lending facilities" which basically amount to the Fed trading cash for what is potentially garbage: the TAF, TSLF, PDCF, AMLF, CPFF, and MMIFF. Unless I am mistaken, this takes the trash off the balance sheets of t...
Thu, Jul 23 | from Huffington Post
How To: Federal Bill Tracking on Thomas
Author: hlslib Keywords: Harvard Law School Library research tutorial legal law legislation bill bailout executive compensation Thomas of Congress free internet Added: May 28, 2009
Thu, May 28 | from YouTube
Podcast: "Those Hit Hardest Get No Bailout"
Taxpayers’ bailout money for AIG bonuses has rightfully provoked a massive backlash against AIG, Wall Street, President Barack Obama and his economic advisers, Treasury Secretary Timothy Geithner and Larry Summers. The U.S. public now owns 80 percent of AIG. The outrage is bipartisan: I...
Wed, Mar 18 | from Democracy Now!
Podcast: "Workers Laid Off, Executives Paid Off, Bernard Madoff"
The $700-billion financial bailout package, TARP (Troubled Assets Relief Program), was supposed to mandate the elimination of exorbitant executive compensation and “golden parachutes.” As U.S. taxpayers pony up their hard-earned dollars, highflying executives and corporate boar...
Wed, Dec 17 | from Democracy Now
Opinion: Charles D. Ellison: Elements for a New Economy
This might be a ripe time to recalibrate our collective social construct on the subject. The time for a balance. In reaching this point of instant gratification with no investment, we've seriously compromised our ability to innovate and build. What else explains the rationale that saving...
Wed, Nov 19 | from Huffington Post
Opinion: Letters to the Editor
Re "States chime in for bailout" (Page A1, Nov. 15): I have one word for Gov. Arnold Schwarzenegger and New York Gov. David Paterson begging the federal government to bail out their states spending frenzy, No! It is bad enough that Congress is throwing good money after bad to help every Wall St...
Tue, Nov 18 | from Sacramento Bee
Banks plot how to spend millions in bailout cash
Banks that have received billions in U.S. Treasury investments are using the money to shore up capital ratios, look for acquisitions and make more loans.
Sun, Nov 16 | from Bizjournals.com
