Category: Credit Crisis Bailouts
The analysis published under this category are as follows.
Thursday, November 11, 2010
U.S. Banks Will be Seeking Another Tax Payer Bailout / Politics / Credit Crisis Bailouts
By: Peter_Schiff
John Downs writes: As a mortgage broker during the manic years of the housing boom, I witnessed reckless financial practices on a wide scale. As a result, I was not surprised by the "robo-signing" mess that now threatens the mortgage sector. Unfortunately, the scandal is only a small tip of the iceberg that threatens to take down the entire US banking system.
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Saturday, November 06, 2010
Left-Center Political Parties Pay the Price for Bailing Out the Bankster's / Politics / Credit Crisis Bailouts
By: Global_Research
James Petras writes: The November 2, 2010 electoral debacle of the Democratic Party in the US cannot be solely ascribed to the failed policies of President Obama, the Congressional leadership or their senior economic advisers. Nor is the demise of what passes for the American “center-left” confined to the US – it is a world-wide pattern, expressed in countries as diverse as Greece, Portugal, Spain, Great Britain and Japan.
Saturday, November 06, 2010
ForeclosureGate Could Force Bank Nationalization / Politics / Credit Crisis Bailouts
By: Ellen_Brown
For two years, politicians have danced around the nationalization issue, but ForeclosureGate may be the last straw. The megabanks are too big to fail, but they aren’t too big to reorganize as federal institutions serving the public interest.
In January 2009, only a week into Obama’s presidency, David Sanger reported in The New York Times that nationalizing the banks was being discussed. Privately, the Obama economic team was conceding that more taxpayer money was going to be needed to shore up the banks. When asked whether nationalization was a good idea, House speaker Nancy Pelosi replied:
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Friday, October 15, 2010
Gold and Silver Best Protection Against the $100 Trillion Bailout / Stock-Markets / Credit Crisis Bailouts
By: DeepCaster_LLC
“Remember How We Saved the Banks So They Would Keep Lending to The ‘Real Economy’”? - Henry Blodgett, Business Insider, 6/2/10
“If you've never heard of a "Cram Down", you are about to get a first hand lesson on the receiving end of the biggest one in history…
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Friday, October 08, 2010
IMF Calls for Huge New Round of Bank Bailouts / Politics / Credit Crisis Bailouts
By: Washingtons_Blog
The IMF is calling for a huge new round of bank bailouts.
As the Telegraph noted yesterday:
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Friday, October 08, 2010
Are U.S. States the Next Federal Bailout? / Politics / Credit Crisis Bailouts
By: Jim_Farrish
In an interview with Meredith Whitney of Meredith Whitney Advisory Group on Bloomberg last week, she stated, some states are a ticking time bomb. She published a detailed report rating the finances of the 15 largest U.S. states. California has one of the largest deficits that exists relative to their budget gap by size, but it has a real estate problem as well with a large amount of foreclosures. Florida has a bigger issue relative to foreclosures and real estate. The drain on tax receipts in Florida due to the foreclosure issue could cripple the states budget similar to California’s in the coming year. The bottom line of the report is the U.S. government may face a bailout for states within the next 12 months. This is not good news for taxpayers.
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Thursday, October 07, 2010
Was TARP Good for the Taxpayers? / Politics / Credit Crisis Bailouts
By: Robert_Murphy
On Sunday the Troubled Asset Relief Program (TARP) officially expired, though its "legacy programs" could continue for years. Lately there has been a growing campaign to tout the success of TARP, Henry Paulson's extremely controversial plan to use (originally) $700 billion of taxpayer money to save the financial system. Despite this chorus of praise, the TARP bailout was a terrible idea that will cost taxpayers both directly and indirectly through its perverse incentives.
Sunday, September 12, 2010
Save the Banks and Kill the Economy / Politics / Credit Crisis Bailouts
By: Prof_Rodrigue_Trembl
"The problems we face today cannot be solved by the minds that created them."Albert Einstein (1879-1955), Physicist and Professor, Nobel Prize 1921
"I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained."U.S. Treasury Secretary Henry Paulson, April 20 2007
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Friday, September 10, 2010
Happy Anniversary to the Northern Wreck of the Rock / Politics / Credit Crisis Bailouts
By: Adrian_Ash
How saving the savers is costing the savers so dear...
On the MORNING of Weds 12 Sept. 2007, Northern Rock – the UK's fifth-largest mortgage bank – ran a banner advertisement across the lower front-page of Britain's best-selling broadsheet, The Daily Telegraph.
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Sunday, September 05, 2010
Afghanistan Banking System Crash, Americans to Bailout Afghanistan's Biggest Bank? / Politics / Credit Crisis Bailouts
By: Washingtons_Blog
As I have repeatedly pointed out, American taxpayers have been bailing out foreign banks for years.
For example, I noted in May: As the Wall Street Journal points out, the Federal Reserve might open up its "swap lines" again to bail out the Europeans:
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Monday, August 23, 2010
Goldman and AIG: Blankfein and Paulson / Politics / Credit Crisis Bailouts
By: Janet_Tavakoli
It’s September 2008. Goldman and AIG are trading in the markets, and Goldman notices that AIG seems to be having very severe liquidity problems. AIG needs to renew repo agreements after investing the trades’ cash in plunging mortgage collateral bought from investment banks, and asks around for various other sources of funding.
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Friday, July 30, 2010
Wall Street Gets Trillions While Workers Get Bupkis / Politics / Credit Crisis Bailouts
By: Mike_Whitney
On Tuesday, the 30-year fixed rate for mortgages plunged to an all-time low of 4.56%. Rates are falling because investors are still moving into risk-free liquid assets, like Treasuries. It's a sign of panic, and the Fed's lame policy response has done nothing to allay the public's fears. The flight-to-safety continues a full two years after Lehman Bros blew up.
Saturday, July 24, 2010
Shadow Banking Makes A Comeback / Politics / Credit Crisis Bailouts
By: Mike_Whitney
Credit conditions are improving for speculators and bubblemakers, but they continue to worsen for households, consumers and small businesses. An article in the Wall Street Journal confirms that the Fed's efforts to revive the so-called shadow banking system is showing signs of progress. Financial intermediaries have been taking advantage of low rates and easy terms to fund corporate bonds, stocks and mortgage-backed securities. Thus, the reflating of high-risk financial assets has resumed, thanks to the Fed's crisis-engendering monetary policy and extraordinary rescue operations. Here's an excerpt from the Wall Street Journal:
Friday, July 09, 2010
Russian Spies Get Quick “Justice” While Wall Street Criminals Remain At Large / Politics / Credit Crisis Bailouts
By: Danny_Schechter
1500 Bankers went to Jail After the S&L Crisis. Almost None Today
We just witnessed justice on steroids. Ten Russian “spies”—even if we still don’t know what they were spying on or why—were brought to court, copped a plea, and were on their way out of the country by midnight.
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Thursday, July 08, 2010
ECB Urges Bank Recapitalizations / Interest-Rates / Credit Crisis Bailouts
By: Axel_Merk
European Central Bank (ECB) President Jean-Claude Trichet, in his press conference following the central bank’s monthly meeting, built on the more confident tone set in recent weeks. Mr. Trichet suggested improved market conditions are a reflection of the decisive and constructive actions taken by eurozone governments.
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Wednesday, July 07, 2010
Should Taxpayers Continue to Subsidize Goldman Sachs's Alleged Obscenity? / Stock-Markets / Credit Crisis Bailouts
By: Janet_Tavakoli
The U.S.'s Financial Reform bill is over 2,000 pages. It includes exemptions and lots of opportunities to create loopholes. Behavior that caused our ongoing global financial crisis is guaranteed to continue, if we don't have swift and effective deterrents.
Tuesday, June 01, 2010
A Better Solution Than TARP / Politics / Credit Crisis Bailouts
By: Rudy_Avizius
Our government has committed $12,200 Billion in bailouts, guarantees, and backstops to the very same people who created this economic mess. Most of this money has not found its way to Main Street but instead has lined the pockets of the Wall Street types. Part of this was the $700 Billion TARP program.
Saturday, May 15, 2010
U.S. Big Bank Bailout Costs Trillions More than Stated / Politics / Credit Crisis Bailouts
By: Washingtons_Blog
Granted, the $700 billion dollar TARP bailout was a massive bait-and-switch. The government said it was doing it to soak up toxic assets, and then switched to saying it was needed to free up lending. It didn't do that either. Indeed, the Fed doesn't want the banks to lend.
Friday, May 14, 2010
EURO EXPERIMENT: E.U. Bullied into $1T Banking Bailout Bonanza / Interest-Rates / Credit Crisis Bailouts
By: Gordon_T_Long
Like a chess game, the bankers called 'checkmate' against the EU political leaders on Friday May 5th, 2010. Two days later in an urgently called weekend meeting the EU finance ministers hurriedly announced the biggest bailout in history.
Most people take more than two days to buy a car, but the frightened EU officials were pressured into reacting before the Asian markets opened Sunday evening. This is eerily the same scenario we saw on the eve of the US $700B TARP ratification, the Bear Stearns takeover, Fannie /Freddie Conservatorship, AIG Bailout etc.. A coincidence - Yeh right!
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Thursday, May 13, 2010
Global Economic War, Will The Wall Street Banksters Ever Be Held Accountable? / Politics / Credit Crisis Bailouts
By: Danny_Schechter
We are all still stuck in the “big Muddy.” No, not the wars of old or even the oil disaster. The mud I am referring to is more like quicksand and it sucks anyone who wants to look at what happened in the financial crisis deeper and deeper into it.
Soon, you are buried in shifting sea of so-called “exotic financial instruments,” and tranches, derivatives, credit default swaps, naked short-selling, etc and so forth, ad fin item. It’s murkier in there than in the oil-infested waters of the Gulf of Mexico.
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