Category: Credit Crisis Bailouts
The analysis published under this category are as follows.
Wednesday, January 09, 2013
AIG Considering Suing Government Over Bankruptcy Saving Bailout / Companies / Credit Crisis Bailouts
By: Money_Morning
David Zeiler writes:
Just one month after American International Group Inc. (NYSE: AIG) paid back the last of its huge $182.3 billion U.S. taxpayer-funded rescue, the insurance giant is pondering whether to join a shareholder lawsuit charging the bailout terms were unfair.
Former AIG CEO Maurice Greenberg initially filed the lawsuit in 2011, claiming the 14% interest rate that the government charged, as well as the large size of its stake - 92% - were harmful to AIG shareholders.
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Monday, December 31, 2012
Another Genius Mortgage Idea From Washington That Is Going to Cost You / Politics / Credit Crisis Bailouts
By: Money_Morning
Shah Gilani writes:
Now here's another good idea from the geniuses that ruin, I mean run, our country.
The Obamarama administration really wants to help homeowners whose homes aren't worth what they borrowed to buy them. In other words, they are "underwater."
A lot of the loans to homeowners that are underwater are owned outright or, at a minimum, insured (more often both) by Fannie Mae and Freddie Mac, the government-sponsored (which means taxpayer saddled) enterprises that the government had to take over when in 2008 they lost on their trillion-dollar bets that home prices would go up forever. Geniuses!
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Tuesday, December 18, 2012
Basel’s Capital Curse, Beating the Drums of Bank Recapitalization / Interest-Rates / Credit Crisis Bailouts
By: Steve_H_Hanke
In the aftermath of the financial crisis, the oracles of money and banking have been beating the drums for “recapitalization” — telling us that, to avoid future crises, banks must be made stronger. To accomplish this, governments across the developed world are compelling banks to raise fresh capital and strengthen their balance sheets. And, if banks can’t raise more capital, they are told to shrink the amount of risk assets (loans) on their books. In any case, we are told that one way or another, banks’ capital-asset ratios must be increased — the higher, the better.
Wednesday, October 31, 2012
EU Banking Union, European Commission Single Supervisory Mechanism / Politics / Credit Crisis Bailouts
By: BATR
The lack of enthusiasm for the latest effort to centralize all banking and monitory regulation within the European Central Bank suggests that the surreal struggle for continental unanimity still resides in the minds of banksters. Elites still seek to perfect the class distinguish of century old traditions, into a modern version of feudal serfdom. Globalism is the brainchild of the cabal of international banking. As long as a financial monopoly dominates political institutions, the end result will be more consolidation of the rule of the House of Rothschild.
Monday, October 15, 2012
Why Are We Bailing Out the Banks - The Big Lie / Politics / Credit Crisis Bailouts
By: Jesse
Economics and the corporate media did exemplary service in promoting 'the Big Lies' of the financialisation crisis, most notably efficient markets theory and the trickle down theory of stuffing the rich with even greater power and wealth in the thought that some of the excess would fall on the path for the little people.
They have tied these old canards so carefully to emotional arguments that even after the crisis and collapse, many people will still respond reflexively to anything that shakes their faith in a failed, fallen system.
Friday, September 21, 2012
TARP Bailout Fraud: Where Did the Money Go? / Politics / Credit Crisis Bailouts
By: Stephen_Lendman
On December 8, 2008, the Senate confirmed Neil Barofsky’s nomination as Troubled Asset Relief Program (TARP) watchdog. He assumed the post of SIGTARP (Special Inspector General for TARP).On July 20, 2009, he estimated the $700 billion bailout fund could balloon to $23.7 trillion. Obama administration secrecy conceals what’s essential to reveal. Over $9 trillion is known. Some analysts think true figures may be three times that amount. Only crooked bankers and corrupt bureaucrats know for sure.
In February 2009, Barofsky submitted an initial report to Congress. In the past two months, he said, Washington handed out hundreds of billions of dollars (like confetti) to troubled financial institutions.
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Tuesday, September 18, 2012
Is The Exodus of Wealth From Swiss Banks Accelerating? Massive Flight-of-Capital Acknowledged / Companies / Credit Crisis Bailouts
By: DK_Matai
Financial Privacy Wars
Swiss banks are now expecting withdrawals of hundreds of billions of Swiss francs according to the head of wealth management at UBS, Jürg Zeltner, as a result of steps to stop foreigners using secret accounts to evade taxes. Although a long time coming, this is entirely consistent with the extensive investigations carried out by the ATCA 5000 Research and Analysis Wing (A-RAW) and the mi2g Intelligence Unit (mIU) as well as the Socratic dialogue we have subsequently initiated at the highest level in regard to the flight-of-capital from Switzerland.
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Monday, September 17, 2012
Banks Are Already Setting Us Up for the Next Financial Crisis / Companies / Credit Crisis Bailouts
By: Money_Morning
Keith Fitz-Gerald writes:
Just five years after they played a primary role in engineering the worst financial crisis since the Great Depression, America's big banks are quietly setting the world up to do it all over again.
Only this go-round the costs will be far higher and the damage much worse. This time the fall could be $2.6 trillion or more.
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Saturday, September 15, 2012
Bernanke Secretly Gives away Sixteen Trillion Dollars / Stock-Markets / Credit Crisis Bailouts
By: Richard_Mills
In July of 2011, I was one of the first to bring to your attention to the incredible fact that the US Federal Reserve had secretly given away $16 TRILLION dollars;
Read full article... Read full article..."The first ever GAO (Government Accountability Office) audit of the US Federal Reserve was recently carried out due to the Ron Paul/Alan Grayson Amendment to the Dodd-Frank bill passed in 2010. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, while leading the charge for an audit in the Senate, watered down the original language of house bill (HR1207) so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and others, opposed the audit.
Monday, September 10, 2012
Bailouts and the Wonderland U.S. Economy / Politics / Credit Crisis Bailouts
By: William_Anderson
I guess it is good that the Democratic National Convention is over if for no other reason than Paul Krugman can get some sleep, given his heart was pounding with joy and admiration over the brilliance of the speakers. No doubt, all this fall he will coordinate his columns and blog posts with talking points from the Obama campaign and the DNC, and I am sure that some real howlers are in store for us lucky readers.
Friday, September 07, 2012
Draghi Buys Euro-zone Bonds, Fed Buys Time / Interest-Rates / Credit Crisis Bailouts
By: Ashraf_Laidi
ECB president Draghi has succeeded in reducing the relevance of the Bundesbanks opposition to bond purchases by making bond-purchases dependent upon ESM conditionality. And by integrating the conditionality of the ESM/EFSF plan into the much-needed bond purchase program, Draghi has also firmly sent the ball back into court of national governments.
Thursday, September 06, 2012
Bernanke Wealth Tax, Why Does He Hate Old People? / Interest-Rates / Credit Crisis Bailouts
By: Ned_W_Schmidt
A question that follows from the above is also of interest. Why is Bernanke transferring so much income and wealth from savers and investors to mega-banks and other speculative funds? We are of the basic crowd that believes that actions are more important than words. Since Bernanke has assumed a dictatorial role at the Federal Reserve, savers and investors have been punished. We need only look at the poor plight of savers to see the imposition of the Bernanke Wealth Tax.
Friday, August 31, 2012
The Quiet Coup d'Etat in the Anglo-American Financial System / Politics / Credit Crisis Bailouts
By: Jesse
This is a reprise of an interview with MIT economist Simon Johnson which was posted here in February, 2009.
Have we heeded Simon Johnson's warning? Has he proven to be prescient? Is crony capitalism and the kleptocracy becoming bolder, more aggressive, ever more demanding?
Thursday, July 19, 2012
One Scam After Another, How the Feds Feed the Rich / Politics / Credit Crisis Bailouts
By: Bill_Bonner
The Daily Reckoning…proved right again!
We’ve been sticking our necks out. We had a strong hunch that the rich had gotten a whole lot richer not because they were suddenly greedier or suddenly smarter, but because of the feds. The feds were handing out money. The rich were first in line.
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Thursday, July 05, 2012
Destroying the Young with Permanent Bank Bailouts / Politics / Credit Crisis Bailouts
By: Paul_Tustain
The tyranny of banking deposit insurance is leading young people to hate 'the market'...
Why aren't young people protesting against bailouts?
Younger adults are usually pretty quick to protest injustices, but they're strangely quiet on financial rescues. Few of them seem able to join the dots and see that bailouts are clobbering them hardest.
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Monday, June 11, 2012
Spain and The Runaway Euro Bailout Train / Interest-Rates / Credit Crisis Bailouts
By: EconMatters
Spain finally bowed to the rising interest rates and the billions of euros worth of bad loans at Spain's regional governments to ask for a loan. After emergency talks between Euro Zone finance ministers on Saturday, Spain will get up to $125 billion from the European Union (EU) to bail out out its banking system.
Monday, June 11, 2012
Where Does All the Money Go? / Politics / Credit Crisis Bailouts
By: Bill_Bonner
The 1%…the zombies…and the rest of us…
How about that Dow? Up 286 points yesterday. And gold up $17. Markets are counting on their hero, Mr. Benjamin S. Bernanke, to come to the rescue. They can practically hear the printing presses warming up…and smell the fresh $100 bills rolling off.
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Friday, May 25, 2012
US Decides to Backstop the Anglo-American Derivatives Exchanges with Fed Dollars - 'Too Big To Fail' / Politics / Credit Crisis Bailouts
By: Jesse
It sounds like the principle of keeping AIG whole on its obligations so that it can pay off to the banks at 100 cents on the dollar. This should make Jamie feel a little better about his bad derivatives trades.
And Blythe should rest easy knowing that Benny has her back on those massive metals shorts.
Sunday, April 29, 2012
Myth Buster:TARP Bailout May Realize A Positive Return for Taxpayers? / Interest-Rates / Credit Crisis Bailouts
By: EconMatters
The Troubled Asset Relief Program (TARP) is a program initiated by the US government, funded by taxpayers, in October 2008 to bail out the banking and housing sector after the 2008 financial crisis. Due to the program's complexity and "repayment" schemes, there has been different estimates of what TARP would ultimately cost.
Wednesday, April 11, 2012
The Fed's Currency Swap Covert Bailout of the Eurozone / Currencies / Credit Crisis Bailouts
By: Philipp_Bagus
On Tuesday, March 26, 2012, I was invited by Ron Paul and his staff to assist a meeting of the Domestic Monetary Policy and Technology Subcommittee of the House Committee on Financial Services. The title of the hearing was "Federal Reserve Aid to the Eurozone: Its Impact on the U.S. and the Dollar."
Unfortunately, Ben Bernanke had not come to the hearing, being busy with propaganda lectures in favor of the Fed. Instead, two of his colleagues, Mr. William C. Dudley (president and chief executive officer, Federal Reserve Bank of New York) and Dr. Steven B. Kamin (director, Division of International Finance, Board of Governors of the Federal Reserve System), showed up to answer the committee's questions on currency swaps with other central banks.
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