Category: Credit Crisis Bailouts
The analysis published under this category are as follows.
Wednesday, October 21, 2009
Year After TARP, $700 Billion Flushed Down the Drain / Politics / Credit Crisis Bailouts
By: Randall_G_Holcombe
TARP, the Troubled Asset Relief Program, is a year old now. On September 19, 2008, former Treasury Secretary Henry Paulson announced the need for a $700 billion program to purchase toxic assets held by banks to prevent a financial meltdown, and after some modification Congress rapidly approved TARP on October 3. Looking back after a year, was TARP necessary? Did it work?
Monday, October 19, 2009
Goldman Sachs Earnings and Bonuses, Where's the Outrage? / Companies / Credit Crisis Bailouts
By: Mike_Shedlock
The number of articles and opinions on Goldman Sachs earnings, bonuses, and influence pedaling over the past several days is quite stunning.
Many have pointed out the problems; few have expressed outrage over what is happening in general, not just at Goldman Sachs. Let's take a look.
Saturday, October 17, 2009
Challenging Big Bank Profits / Politics / Credit Crisis Bailouts
By: Danny_Schechter
As the big banks post record profits and pay out obscene bonuses,
what should we the people do: stand up or roll over?
On February 1, 1960, four students sat down at a lunch counter at
the former Woolworth’s store in Greensboro North Carolina.
4 students! Just four!
Saturday, October 17, 2009
The Rich Have Stolen the Economy / Politics / Credit Crisis Bailouts
By: Paul_Craig_Roberts
Bloomberg reports that Treasury Secretary Timothy Geithner's closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg reports that none of these aides faced Senate confirmation. Yet, they are overseeing the handout of hundreds of billions of dollars of taxpayer funds to their former employers.
Tuesday, October 13, 2009
Why the Fed Needed Congress to Authorise Bailouts? / Politics / Credit Crisis Bailouts
By: Shelby_H_Moore
I have been wondering why the Fed needed the Congress to authorize bailouts, when they could already create money at will.
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Thursday, October 01, 2009
The Risk of Less Risk; The "Yeah, But" Syndrome / Politics / Credit Crisis Bailouts
By: Paul_Petillo
As Ben Bernanke, the Federal Reserve Chairman testifies before Congress, we will come to the conclusion that there is risk, we should do something about it and we still have no idea exactly what. Referring to the problem as systemic risk, both in the creation of firms seeking to reach, through acquisition, the "to-big-to-fail" status and the inability of one agency to oversee every player in this complicated, global game of finance, Bernanke admits that we are far from where we need to be but much closer than we think.
Monday, September 28, 2009
The Government is the Mortgage Market / Housing-Market / Credit Crisis Bailouts
By: Michael_Pento
It’s time to ask ourselves a collective question; what have we learned from the economic chaos caused by a collapsing real estate market, which was itself caused by government intervention and easy credit? The answer is unfortunately, an emphatic nothing!
Monday, September 21, 2009
Massive Relief for U.S. Homeowners and Trouble for the Banks / Interest-Rates / Credit Crisis Bailouts
By: Ellen_Brown
A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure. MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership.
Monday, September 21, 2009
How the Bank Bailout Money is Being Used / Politics / Credit Crisis Bailouts
By: Michel_Chossudovsky
Michel Chossudovsky and Bonnie Faulkner write: Where is the bank bailout money ultimately going?
Michel Chossudovsky, interviewed by Bonnie Faulkner, Guns and Butter
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Wednesday, September 16, 2009
How High Will the Financial Fraud Reach? / Politics / Credit Crisis Bailouts
By: Marilyn_M_Barnewall
Most Americans are very aware that something is drastically wrong with their government. The majority doesn’t know exactly how to define the problem(s), but they innately sense that a train is headed down the tracks toward them. Unfortunately, they can see neither the train nor the tracks.
Tuesday, September 15, 2009
Imminent $30 Billion Bailout of Pension Benefit Guaranty Corporation (PBGC) / Politics / Credit Crisis Bailouts
By: Nilus_Mattive
I’ve talked about corporate pension plans before, but in a few short weeks I think we’re going to get some shocking news. Namely, that the government backup for failed pension plans is more underfunded than it has ever been before.
Back in April, I told you a bit about the Pension Benefit Guaranty Corporation and its decade of running in the red.
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Tuesday, September 15, 2009
Lehman Post Mortem, Did Bernanke and Paulson Blackmail Congress? / Politics / Credit Crisis Bailouts
By: Mike_Whitney
"Lehman's fate was sealed not in the boardroom of that gaudy Manhattan headquarters. It was sealed downtown, in the gloomy gray building of the New York Federal Reserve, the Wall Street branch of the U.S. central bank." Stephen Foley, U.K. Independent
Wednesday, September 09, 2009
Financial and Economic Crisis Justice Denied / Politics / Credit Crisis Bailouts
By: Stephen_Merrill
As America’s financial house of cards collapsed, the first response of President George Bush was to give everyone on the tax rolls a $600 cash gift. When this had little effect, his next move was to give Wall Street a flat $700 billion while throwing in hundreds of billions more of extra bailout for AIG and Citibank and others.
Thursday, September 03, 2009
The Mafia and the Credit Crisis Bailouts / Politics / Credit Crisis Bailouts
By: Danny_Schechter
TONY SOPRANO TO THE RESCUE: Government Fears Mob Moves On Recovery Funds, Undertakes Creative Counter Measure
THE MOB WANTS A TASTE….
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Tuesday, September 01, 2009
Credit Crisis Bank Bailouts, The Economics of Failure / Politics / Credit Crisis Bailouts
By: Michael_J_Kosares
The government has handed over hundreds of billions of dollars in bailout aid intended to ensure the survival of corporations deemed "too big (i.e., too important) to fail," even though the present vulnerabilities and failings of these same entities have been largely brought upon themselves by their own missteps and strategic imprudence.
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Tuesday, August 18, 2009
The Great American Bank Robbery, Banking Crisis Video / Politics / Credit Crisis Bailouts
By: Submissions
William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses the latest scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis.
Wednesday, August 12, 2009
Wall Street Banksters Pleased by the Health Care Debate, Focus Off Banking System Reform / Politics / Credit Crisis Bailouts
By: Global_Research
Danny Schechter writes: New York, New York: The thermometer is in the red as the heat of August blends into the steam of the health care fight. These two hot subjects seem to be fogging up TV screens during these dog days as the righteous right take up the tactics of the militant left to create the impression that health care reform is a commie plot. For his part, President Obama insists a bill will pass and that “sensible proposals” will prevail.Read full article... Read full article...
Friday, August 07, 2009
RBS Produces Loose Change Profit as Tax Payers Finance Bankster Profits / Companies / Credit Crisis Bailouts
By: Nadeem_Walayat
RBS announces a inconsequential profit of £15 million, the market expectation was for £1 billion on the back of an artificial banking system that is heavily supported by the Tax payers, and when I mean heavily I mean to the tune of £1.5 trillion and growing ! RBS itself is now 70% owned by the Tax Payers whether they like it or not.
Friday, August 07, 2009
Cash for Bankers! Cash for Clunkers!, Don't Count On Economic Recovery / Economics / Credit Crisis Bailouts
By: LewRockwell
Bill Bonner writes: The future cometh…
Cash for bankers! Cash for Detroit’s clunkers! From one scam to the next…
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Tuesday, August 04, 2009
Northern Rock, Tax Payer Bailed Out Bankrupt Bank Adds 750Million More Losses / Companies / Credit Crisis Bailouts
By: Nadeem_Walayat
Today Northern Rock, the first of a series of tax payer bailed out bankrupt banks announced a further loss of £750 million to be added to the tab picked up by the tax payer that is now approaching in total £1.5 trillion across the banking sector and destined to continue expanding to an eye watering £2 trillion or near 200% of GDP by the end of this year as I originally estimated back in November 08.