Category: Credit Crisis Bailouts
The analysis published under this category are as follows.
Wednesday, May 27, 2009
Sheila Bair Says No to Furthering PPIP Scam by Banks / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
Banks are not content to have bidders rape taxpayers on their behalf. The banks want to rape taxpayers themselves. Please consider Banks Aiming to Play Both Sides of Coin.
Wednesday, May 27, 2009
Santandar Rebrands Bailed Out Banks, Bradford & Bingley, A&L / Companies / Credit Crisis Bailouts
By: Nadeem_Walayat
Santandar has announced that it will rebrand banks that it took over in the midst of the financial collapse of the UK banking sector, namely Bradford and Bingley and Alliance and Leicester. Also to be rebranded is the Abbey which it took over some 5 years ago.
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Tuesday, May 26, 2009
Government and Financial Institutions Controlled by Evil Men, Trillions Stolen from the American People / Politics / Credit Crisis Bailouts
By: James_Quinn
There ain't no rest for the wicked, money don't grow on trees, I got bills to pay, I got mouths to feed, there ain't nothing in this world for free.
I know I can't slow down, I can't hold back though you know I wish I could, oh no there ain't no rest for the wicked, until we close our eyes for good. -Ain’t No Rest for the Wicked – Cage the Elephant
Sunday, May 24, 2009
Fed Admits No Credit Crisis Bailouts TARP Exit Strategy / Interest-Rates / Credit Crisis Bailouts
By: Mike_Shedlock
Federal Reserve Board Vice Chairman Donald Kohn is yapping complete nonsense about interest rates floors, the Fed's balance sheet, risk, exit strategies and other items.
Saturday, May 23, 2009
Depressed America No Longer the Safe Harbor It Was For Investors / Economics / Credit Crisis Bailouts
By: Global_Research
Bob Chapman writes: Excuses from Wall Street and Washington DC, we have not hit the bottom with job losses, Currency crisis coming in the fall, IMF a creditors cartel,
we find ourselves faced with major growing unemployment, falling wages and via inflation and ever lower purchasing power, Most major banks and brokerage houses are insolvent, Finances at the state and local levels are a mess.
Friday, May 22, 2009
Economic Theory and Too Big to Fail Corporations / Economics / Credit Crisis Bailouts
By: Michal_Matovcik
Some thoughts for friday. Week before the GM is stamped finally “Too Big To Fail”
Tuesday, May 19, 2009
Who Will TARP Bailout America? / Politics / Credit Crisis Bailouts
By: Michael_Pento
Last week the nation’s number one trucking company, YRC Worldwide Inc., announced that it will seek $1 billion in TARP assistance to bailout the company’s pension plan. Never mind the fact that the request is light years away from the original intention and approval given by congress to purchase toxic assets from banks’ balance sheets. The point is that the troubled company’s request of the government to cover its pension obligations should remind us of the bigger issue; who will bailout our country’s pension plan and can the USA TARP itself?
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Friday, May 15, 2009
The Bank Bailout Bubble – The Bubble to End All Bubbles / Politics / Credit Crisis Bailouts
By: LewRockwell
Gerald Celente writes: The biggest financial bubble in history is being inflated in plain sight. This is the Mother of All Bubbles, and when it explodes, it will signal the end to the boom/bust cycle that has characterized economic activity throughout the developed world. Either unwilling or unable to call the bubble by its proper name, the media, Washington, and Wall Street describe the stupendous government expenditures on rescue packages, stimulus plans, buyouts, and takeovers as emergency measures needed to salvage the severely damaged economy.
Thursday, May 14, 2009
Bankrupt California Seeks Federal Bailout / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
MarketWatch is reporting California formally asks Geithner for TARP assistance
California Treasurer Bill Lockyer asked U.S. Treasury Secretary Timothy Geithner on Wednesday to authorize assistance for his state from the federal Troubled Asset Relief Program, warning that depressed tax revenues may cut into basic services and halt the building of infrastructure.
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Tuesday, May 12, 2009
Brave New World of Government Finance / Politics / Credit Crisis Bailouts
By: LewRockwell
Eric Fry writes: Eighty-two steps back…one step forward. Last fall, without so much as a grunt from an elected official, the former Treasury Secretary of the United States doled out $170 billion dollars to the incompetents at AIG. Yesterday, the current President of the United States announced triumphantly that his new budget would “save” $17 billion, thanks to the elimination of 121 federal programs.
Tuesday, May 12, 2009
Banks Modern Day Pirates Without Boats / Politics / Credit Crisis Bailouts
By: Pravda
Pirates are all the rage these days. The brazen audacity of Somali Pirates seems to make headlines every other day. Not only does crime pay, it pays lavishly; over $15 billion a year by some estimates. Traditionally, a Pirate is someone who robs or plunders on the high seas. The most successful or notorious villains in history passed into folklore.
Monday, May 11, 2009
Plan to Shut Down Fannie and Freddie as Tax Payer Bailout Grow / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
The Office of Management and Budget (OMB) says Options for Fannie, Freddie May Include 'Wind-Down'.
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Friday, May 08, 2009
Banks Survive 5 MPH Bumper Stress Test / Politics / Credit Crisis Bailouts
By: Dr_Martenson
With great fanfare it was leaked (at strategic market moments throughout the week) and then announced that the 19 largest banks all passed the so-called "stress tests." Under a test track of their own choosing, and with the ability to negotiate the interpretation of the damage resulting from an ultra low-speed collision, the banks have now been proclaimed "safe at any speed." If you are not comforted by this news, you are not alone.
Friday, May 08, 2009
The Bank Stress Test Scam (Part 1) / Politics / Credit Crisis Bailouts
By: Mike_Stathis
I haven't made any comments about these so-called stress tests for the banks because it was obvious (to me anyway) it was just the latest PR scam devised by Larry Summers (carried out by his puppet, Geithner) to exaggerate the financial health of the banking system.
While I was confident the results of these “tests” would be ludicrous, I wanted to hold off until they were released so I could deliver the knockout punch. In short, it's clear these "stress tests" weren't so stressful, as I had suspected.
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Tuesday, May 05, 2009
Obama Attacks Hedge Fund Chrysler Capitalists / Politics / Credit Crisis Bailouts
By: Peter_Schiff
The Obama administration singled out hedge funds as the bad guys this week in its attempt to reorganize Chrysler. The accusation falls comfortably into the administration's view that unfettered capitalists on Wall Street and poor planning by short-sighted CEO's are responsible for our financial problems.
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Monday, May 04, 2009
Market-Long-Waves: Geithner's "Stressful" Katrina Bank Stress Test / Politics / Credit Crisis Bailouts
By: Andrew_Butter
The results of the Stress Tests are about to be released. The leaked news is that these won't be a "whitewash", but that's not the point, whatever they say, no one is going to believe them anyway.
So what IS the point?
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Monday, May 04, 2009
Let Warren Buffett Buy Wells Fargo / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
Warren Buffet is the largest shareholder in Wells Fargo. He claims it is a "Fabulous Bank" and would like to buy it all. Is he serious or is he just talking up his shares?
Monday, May 04, 2009
How America was ‘Sold Out’ for $5.2 Billion to the Financial Industry! / Politics / Credit Crisis Bailouts
By: Lorimer_Wilson
This article is a follow-up to my recent piece on “America’s Financial Oligarchy” which was a synopsis of Simon Johnson’s “The Quiet Coup” on how the financial industry has effectively captured our government. This follow-up article is an edit and review of a lengthy 231-page report prepared in March 2009 by the Consumer Education Foundation (see wallstreetwatch.org/reports/sold_out.pdf for the full report) on how, over the years, the ‘Money Industry’ as they refer to the financial oligarchy, sold out America to gain such control.
Sunday, May 03, 2009
Bernanke's Bank Bailout Plan is Stupidity Squared / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
John Mauldin's weekly E-Letter, Sell in May and Go Away, is a good read. My favorite portion of the E-Letter is the section "A Dangerous End Game". Let's take a look.
Friday, May 01, 2009
Credit Crisis Bank Stress Tests: If You Believe the Banks are Recovering... / Politics / Credit Crisis Bailouts
By: James_Quinn
Hey Andy, did you hear about this one? Tell me, are you locked in the punch?
Hey Andy, are you goofing on Elvis? Hey baby, are we losing touch?
If you believed they put a man on the moon, man on the moon
If you believe there's nothing up my sleeve, then nothing is cool