Category: Credit Crisis Bailouts
The analysis published under this category are as follows.
Tuesday, March 24, 2009
Krugman's Fatally Flawed Thinking on $200 Billion Lunch / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
Paul Krugman frequently proposes solutions straight out of the "free lunch" handbook. However, in one recent case, Krugman actually managed to put a price tag on the lunch. That price is $200 billion.
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Tuesday, March 24, 2009
Bank Bailouts Judgment Day for Geithner / Politics / Credit Crisis Bailouts
By: Mike_Whitney
Whether he deserves it or not, Timothy Geithner has become the poster boy for everything that's wrong with the government's scatterbrain financial rescue plan. Geithner was in the wheelhouse at the New York Fed when Bear Stearns and Lehman Bros defaulted, and he played a central role in the $165 million AIG bonus scandal which ignited a populist firestorm across the country. Now everything even remotely connected to the bank bailout has become a source of fist-clinching rage. The mood of the country has darkened from the steady downpour of bad economic news, the sharp decline in housing prices and the steep rise in unemployment. People are angry at the government, the banks and Wall Street. Their nerves are frayed and their patience is stretched to the limit. Read full article... Read full article...
Monday, March 23, 2009
Geithner's Galling and Dangerous Plan For Bad Bank Toxic Assets / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
The long awaited details of Geithner's "plan" for dealing with bad bank assets is finally out. Githener's plan is disingenuous at best. If people want to be outraged at something, it should be over Geithner's plan. Read full article... Read full article...
Monday, March 23, 2009
Obama Economic Program Increases America's Bondage to Wall Street Billionaires: / Politics / Credit Crisis Bailouts
By: Richard_C_Cook
It’s Time for a New Monetary System - This article previews the author’s new six-part video series scheduled for release April 2: “Credit as a Public Utility: The Solution to the Economic Crisis.”Read full article... Read full article...
Monday, March 23, 2009
Geithner's Financial System Plan, a Gigantic Confidence Game / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
In case you missed this weekend's top story about Geithner's much anticipated plan to save the financial world via smoke and mirrors, please consider Toxic Asset Plan Foresees Big Subsidies for Investors Read full article... Read full article...
Sunday, March 22, 2009
How Citigroup Incompetence Squanders U.S. Taxpayers Money / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
Inquiring minds are reading Banks Selling Properties in Bulk for Cheap . Mar. 19--Lenders have become so overwhelmed by the foreclosure crisis that they are starting to unload properties in bulk to investor groups at steep discounts. Investors then flip the properties for a profit without necessarily improving the home.
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Sunday, March 22, 2009
Fraudulent Ponzi Scheme Bailed Out Bank Executives Should All be Fired! / Politics / Credit Crisis Bailouts
By: Submissions
Keith Olbermann
in his strong "Special Comment" calls on tighter regulation of the banks that have been fraudulently bailed out to the tune of trillions of tax payer dollars in the biggest ponzi scam in history. He also states that the crooked, lying thieving bank executives should ALL be fired, the conmen pretend to atone for their atrocities against America but instead the damn liars continue to defraud the tax payer.Read full article... Read full article...
Sunday, March 22, 2009
Why We Should Own the Bailed out Banks / Politics / Credit Crisis Bailouts
By: Submissions
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.” -- Thomas Jefferson, 1802 Read full article... Read full article...
Saturday, March 21, 2009
Ridiculous Whining at Citigroup, Bank of America Over Bonuses / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
It's going to be interesting to see how quickly Congress and the administration caves in to banks and Wall Street after expressing so much indignation about bonuses over the last week. Here is the backdrop.
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Saturday, March 21, 2009
Ron Paul: United States on the Verge of a Major Crisis / Politics / Credit Crisis Bailouts
By: Submissions
Ron Paul discusses the Stimulus bill and the AIG bonus controversy and how congress passes bills without reading them as congress as a tendency to react to events emotionally rather than look at the root of the problems.Read full article... Read full article...
Friday, March 20, 2009
Was the TARP and the AIG Bailout Itself a Scam? / Politics / Credit Crisis Bailouts
By: Submissions
Paul Craig Roberts writes: Professor Michael Hudson (CounterPunch, March 18 ) is correct that the orchestrated outrage over the $165 million AIG bonuses is a diversion from the thousand times greater theft from taxpayers of the approximately $200 billion "bailout" of AIG. Nevertheless, it is a diversion that serves an important purpose. It has taught an inattentive American public that the elites run the government in their own private interests. Read full article... Read full article...
Thursday, March 19, 2009
Bailout Madness, Bonus Bonanza Bingo a Blessing In Disguise / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
The name of the game is "Bonus Bonanza Bingo". The idea is to set the bonus as high as possible without having the masses scream bloody murder or Congress changing the rules. AIG took its turn and failed badly. Now Fannie Mae is at it. Please consider Fannie Is Handing Out Its Own Sizable Retention Payouts .
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Tuesday, March 17, 2009
AIG Bailout: The Real Message / Politics / Credit Crisis Bailouts
By: Guy_Lerner
In his letter to Treasury to justify bonuses paid to AIG employees, government appointed chairman Edward M. Liddy states:Read full article... Read full article...
Tuesday, March 17, 2009
AIG Bonuses: Legalized Theft Has Found Its New Champion / Companies / Credit Crisis Bailouts
By: Oxbury_Research
Whatever happened to being paid for performance and rewarding competence? Have corporations and the present day slime that runs them become so corrupt that all hope for some kind of decency and moral leadership has become lost? Read full article... Read full article...
Tuesday, March 17, 2009
Bernanke's TALF Witness Protection Program / Politics / Credit Crisis Bailouts
By: Mike_Whitney
Fed chief Ben Bernanke's new funding facility is a real doozy. In fact, if the Term Asset-Backed Loan Facility or TALF, which is set to launch on Thursday, doesn't convince the American people that it's time to take a wrecking ball to the Central Bank and start over, than nothing will. Bernanke and his co-conspirator at Treasury, Timothy Geithner, are planning to revive the shadow banking system by dumping $2 trillion into the same over-leveraged, derivatives-based garbage that blew up the financial system in the first place. All the blabbering about a "good bank-bad bank" remedy appears to have been a diversion. This is how Bloomberg sums it up: Read full article... Read full article...
Monday, March 16, 2009
Another Publicity Stunt by Obama and Geithner / Politics / Credit Crisis Bailouts
By: Mike_Stathis
It's been endless. Ever since Obama has entered office, he has continued to fool Americans by expressing his “outrage” and “shamefulness” of these ridiculous taxpayer-funded banking bonuses. Yet, the fact is that Obama has been playing naïve Americans. It's all an act designed to convince you he's mad. Yet, he has done nothing, proving what a puppet he really is. When will this charade end?Read full article... Read full article...
Friday, March 13, 2009
The Banking Crisis, What Really Happened from 2001 to 2007 / Companies / Credit Crisis Bailouts
By: Submissions
MJ writes: All magic tricks have at there core simple devices to perform the illusion; mirrors, sleight of hand and misdirection. Money is a store of wealth or its worthless paper. In an electronic world it's a byte. The wealth was spent and the money gone well before late 2007 and it was spent by bankers on themselves. The rest is misdirection. The idea that Bankers create wealth or can bring productivity to the economic cycle is an illusion.Read full article... Read full article...
Tuesday, March 10, 2009
Time To Stop Squandering Taxpayer's Money / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
John Hussman is always a good read. This week, in Buckle Up , Hussman is railing about the policies in Washington. Let's tune in.
The misguided policy response from Washington has focused almost exclusively on squandering public money and burdening our children with indebtedness in order to defend the bondholders of mismanaged financial institutions (blame Paulson and Geithner – I've got a lot of respect for our President, but he's been sold a load of garbage by banking insiders).
Monday, March 09, 2009
What the Citigroup Share Conversion Might Really Mean / Companies / Credit Crisis Bailouts
By: Michael_Pento
We learned on February 27 th of the Treasury's plan to convert up to $25 billion of their $45 billion preferred Citigroup shares to common equity. According to the company, the existing shareholders would be diluted by 74%. Thus, the taxpayers will cease collecting dividends on their holdings and they'll slide down the capital structure in Citigroup to the lowest rung on the ladder. Ostensibly, it looks like a good deal for the bank and not such a great deal for the government/taxpayer. Read full article... Read full article...
Monday, March 09, 2009
Washington's Record as Investment Manager / Politics / Credit Crisis Bailouts
By: Frank_Holmes
Think the markets are kicking you around in 2009? Be thankful your portfolio isn't performing like that of the federal government in its role as investor of last resort. Read full article... Read full article...