Bailout

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Opinion: Jamie Court: Health Reform Debate Turning Into Bailout Of Insurance Industry

Tue, May 12 | from Huffington Post
President Obama said during the campaign that he was opposed to mandatory purchases of private insurance, but new Health and Human Services Secretary Kathleen Sebilius said recently the president was willing to consider the mandatory purchase notion.

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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

Opinion: Ellen Brown: Reviving the Local Economy With Publicly-Owned Banks

Despite trillions of dollars in bailout money, bank loans fell to their lowest rate since the onset of the Great Depression. Now that the Fed has done all they can, is it time for the states to step in? The credit crunch is getting worse on Main Street, despite a Wall Street bailout that now mea...
Thu, Oct 15 | from Huffington Post

Opinion: John O'Kane: Brokering the Bailout

Refinancing has become very difficult, even for those with equity, because regulations regarding loan-to-value (LTV) have been tightened at a time when this "value" is shrinking rapidly. Applicants looking into the Obama Home Affordable Program will be allowed a max CLTV -- combined...
Sat, Sep 12 | from Huffington Post

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

Opinion: Obama's Bailout For Homeowners Making Shaky Progress: One Homeowner's Story

By the numbers, the answer is "slowly." Three weeks ago, at the beginning of June, the New York Times reported that 100,000 loan modifications had been offered to struggling homeowners. This week, a Treasury Department spokesperson told the Huffington Post that participating mortgage...
Wed, Jun 24 | from Huffington Post

Opinion: AIG Bailout: The News Isn't All Bad Department

Texas The request was filed on behalf of Treasury Secretary Timothy Geithner and the Federal Reserve Board – the named defendants in the case. In his ruling, the judge held that the lawsuit sufficiently alleged a federal constitutional challenge to the use ...
Wed, Jun 3 | from American Daily Review

Opinion: In the Name of Venality

When Neil Barofsky, the special inspector general for the Troubled Asset Relief Program, asked the 364 financial institutions that had been given tarp bailout money for detailed descriptions of how they'd allocated the loot, only a few replied in any ...
Wed, May 6 | from Vanity Fair

Opinion: At Least There's One Bailout Watchdog

Vanity Fair TX They whine that he is needlessly spreading fear among bankers, and they wail that some are even refusing to take bailout funds because of him. As one of the higher-ups at Treasury complained, “Some banks have said 'Wow, this is scaring us.'” Good! ...
Wed, May 6 | from East Texas Review

State Leaders Review Paterson's MTA Bailout Plan

State leaders are currently reviewing Governor David Paterson's new plan aimed at breaking the stalemate over a Metropolitan Transportation Authority bailout. Sources close to the negotiations tell NY1 that the plan would remove one of the main ...
Fri, May 1 | from NY1

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