US Economic Bailout of 2008 - best news, blogs, videos, photos and more - The Exxchange

Jamie Lee Curtis: Fix the Income

30 Jan 2010 08:06:11 PST

Written by Jamie Lee Curtis
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'...

Original story at Huffington Post .

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The Quiet Desperation of the MSM

30 Jan 2010 07:30:34 PST

Written by Berlet98
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...

Original story at Say Anything .

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Crisis in Spain and Greece: Plan A and Plan B

29 Jan 2010 23:29:06 PST

Written by Michael Shedlock(noreply@blogger.com)
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...

Original story at Mish's Global Economic Trend Analysis .

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Mary Bottari: This Week in Banking: Root Canals, Rhetoric or Real Reform?

29 Jan 2010 09:06:40 PST

Written by Mary Bottari
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...

Original story at Huffington Post .

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Janet Tavakoli: Congress Exposes Potential Profiteering in AIG's Deals: Delay Enabled Further Cover-Up

28 Jan 2010 09:43:33 PST

Written by Janet Tavakoli
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...

Original story at Huffington Post .

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Headlines for January 28, 2010

28 Jan 2010 05:00:00 PST

Written by mail@democracynow.org (Democracy Now!)
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...

Original story at Democracy Now! .

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US Economic Bailout of 2008 news and blogs - February 26, 2010

26 Feb 2010 00:00:01 PDT

Below is today's roundup of news and blogs that haven't yet hit top story status by our community. Visit US Economic Bailout of 2008 news and blogs for even more news and blogs converage.

• Regulators Shut Down Banks In 5 States -- by The Huffington Post News Editors from The Full Feed from HuffingtonPost.com
• Ben Protess: Congressman to AIG: Show Us Your E-mail -- by Ben Protess from The Huffington Post Full Blog Feed
• Ellen Brown: JPMorgan vs. Goldman Sachs: Why the Market Was Down for 7 Days in a Row -- by Ellen Brown from Business on HuffingtonPost.com
• Norb Vonnegut: Holden Caulfield on Banking -- by Norb Vonnegut from The Full Feed from HuffingtonPost.com
• Michael Pento: Save the Middle Class While Fixing the Banks For Good -- by Michael Pento from The Huffington Post Full Blog Feed
• Stocks Waver in Spite of Strong GDP Data (Market Update) -- by letters@smartmoney.com (Will Swarts) from SmartMoney.com
• Simon Johnson: Bernanke's Reappointment: A Colossal Failure Of Governance -- by Simon Johnson from The Huffington Post Full Blog Feed
• Treasury Announces Fix To Foreclosure-Prevention Plan, But Nearly 500K Homeowners At Risk Of Being Bounced -- by The Huffington Post News Team from Business on HuffingtonPost.com
• Robert Teitelman: Raising the curtain on Paulson's 'On the Brink' -- by Robert Teitelman from Business on HuffingtonPost.com
• Marshall Auerback: State of the Union: A Muddled Message -- by Marshall Auerback from The Huffington Post Full Blog Feed

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Bleak Budget Projections Yield Some Bits of Good News

26 Jan 2010 17:09:13 PST

Perhaps the biggest and shiniest was the falling cost to the government of the much-maligned Troubled Asset Relief Program. A year ago, the nonpartisan Congressional Budget Office – like everyone else – was pretty skeptical about how that would all work out. CBO estimated its cost to the g...

Original story at WSJ.com .

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Lawrence G. McDonald: The Volcker Rule

25 Jan 2010 10:49:58 PST

Written by Lawrence G. McDonald
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...

Original story at Huffington Post .

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Thomas Adams and Yves Smith: Much of Fed's Secrecy Dissipates with a Little Digging

22 Jan 2010 12:51:23 PST

Written by Thomas Adams and Yves Smith
The bailout has raised enduring questions about the propriety of US financial system governance. A recent article in France's leading newspaper Le Monde highlighted the two main theories currently circulating on why the bailout was so generous to a small group of banks. One idea holds th...

Original story at Huffington Post .

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Obama Starts 'Big Fight with the Banks'

21 Jan 2010 12:20:00 PST

Written by Connie Madon
For the past year, President Obama has turned a deaf ear to Main Street. He has allowed the big banks to take government bailout money and use it for in house trading instead of lending it to businesses. Banks have made exorbitant profits and paid themselves outrageous bonuses. Finally now, O...

Original story at pheedcontent.com .

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Elizabeth Warren: Consumer Protection Agency Would Have Prevented Crisis (VIDEO)

07 Jan 2010 00:13:46 PST

Written by The Huffington Post News Team
Elizabeth Warren, the chair of the Congressional Oversight Panel created to oversee TARP bailout funds, made the case for financial reform and the creation of... Elizabeth Warren, the chair of the Congressional Oversight Panel created to oversee TARP bailout funds, made the case for fin...

Original story at Huffington Post . Related stories include: New Banking Regulations: Obama Seeks Bigger Banking Restrictions (VIDEO) - Huffington Post

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Corrupt Politics and Imprudent Bailouts are Two Peas in Same Pod

22 Dec 2009 15:51:30 PST

Written by Michael Shedlock(noreply@blogger.com)
Banks whose executives served on Federal Reserve boards were more likely to receive government bailout funds from the Troubled Asset Relief Program, according to the study from Ran Duchin and Denis Sosyura, professors at the University of Michigan's Ross School of Business.

Original story at Mish's Global Economic Trend Analysis .

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Opinion: Sen. Ted Kaufman: Breaking Wall Street's Boom, Bailout Cycle

06 Nov 2009 09:35:15 PST

Written by Sen. Ted Kaufman
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...

Original story at Huffington Post .

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

15 Oct 2009 12:23:15 PDT

Written by Ellen Brown
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...

Original story at Huffington Post .

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Podcast: Who is Obama Playing Ball With?

25 Aug 2009 13:48:00 PDT

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...

Original story at Democracy Now . Related stories include: and ... Democracy Now! , i3.democracynow.org , i2.democracynow.org , i4.democracynow.org , staging.democracynow.org

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Opinion: Nathan Lewis: The GS-Files 2: Stuffing the Taxpayer

23 Jul 2009 14:33:22 PDT

Written by Nathan Lewis
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...

Original story at Huffington Post .

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How To: Federal Bill Tracking on Thomas

28 May 2009 13:27:35 PDT

Written by rss@youtube.com (hlslib)
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

Original story at YouTube .

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Podcast: "Those Hit Hardest Get No Bailout"

18 Mar 2009 07:21:00 PDT

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...

Original story at Democracy Now! . Related stories include: and ... Democracy Now , i3.democracynow.org , i2.democracynow.org , i4.democracynow.org

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Opinion: Strickland calls bailout debate 'score settling'

19 Dec 2008 01:59:27 PST

Last week, Senate Republicans, joined by some Democrats, blocked a package backed by the White House and House that would have provided $14 billion in loans to General Motors and Chrysler. Classifying the collapse of the bailout as a North versus South issue, is "nice spin from the unions...

Original story at Toledo Blade .

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Podcast: "Workers Laid Off, Executives Paid Off, Bernard Madoff"

17 Dec 2008 08:44:00 PST

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...

Original story at Democracy Now . Related stories include: and ... Democracy Now! , i2.democracynow.org , i3.democracynow.org , i4.democracynow.org

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Podcast: ANN Daily Aero-Briefing: 12.17.08

17 Dec 2008 02:33:03 PST

Written by editor@aero-news.net
There's an airline bailout coming, but not from government. Airline employment has dropped sharply. And JetBlue founder David Neeleman is back in business. Sponsored By... www.garmin.com www.diamondaircraft.com http://caravanpostcards.com/ www.cirrusdesign.com www.clarityaloft.com

Original story at Aero-News Network .

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Podcast: Bailout needs conditions

04 Dec 2008 22:41:00 PST

If Congress approves a bailout for the nation's top three automakers, the industry will have to change its ways. Congressman Ron Kind (D-WI) says the Big Three should expect to change much of the way they do business, which could include consolidation and an end to some current business pr...

Original story at Wisconsin Radio Network .

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Opinion: Charles D. Ellison: Elements for a New Economy

19 Nov 2008 14:15:42 PST

Written by Charles D. Ellison
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...

Original story at Huffington Post .

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Opinion: Letters to the Editor

18 Nov 2008 00:00:00 PST

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...

Original story at Sacramento Bee .

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Banks plot how to spend millions in bailout cash

16 Nov 2008 21:00:00 PST

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.

Original story at Bizjournals.com .

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