Category: Credit Crisis Bailouts
The analysis published under this category are as follows.
Wednesday, June 10, 2009
How to Buy Banks Leaving Tax Payers with All the Risk / Companies / Credit Crisis Bailouts
By: Money_Morning
Shah Gilani writes: The financial Barbarians are at the gates of the U.S. banking sector.
“Regulatory arbitrage” – sometimes called “regulatory shopping” – has emerged as the favorite strategy for these Barbarians, otherwise known as private equity firms, to get around the federal rules that kept them from owning banks.
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Tuesday, June 09, 2009
Geithner To Allow Banks To Repay Tarp Although TARP Panel Says Stress Test Was Flawed / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
In another case straight out of the Twilight Zone, Geithner will allow banks to repay TARP funds although a TARP panel advises running the tests again because the tests were so flawed.
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Monday, June 08, 2009
Wall Street Goes on the Political Offensive / Politics / Credit Crisis Bailouts
By: Global_Research
Barry Grey writes: Bolstered by the policies of the Obama administration, Wall Street is waging a political offensive to shed the minimal limits on executive pay that were tied to government bailout funds and to further weaken regulations on the banks’ speculative practices.
Tuesday, June 02, 2009
The Socialist Bailout of Wall Street / Politics / Credit Crisis Bailouts
By: LewRockwell
Jacob G. Hornberger writes: The massive federal bailout of U.S. financial firms reflects everything that’s wrong with the economic system of welfare and interventionism under which the United States has operated since at least the 1930s. There are critically important lessons in the bailout that the American people ignore at their peril. While most politicians and mainstream pundits are viewing the bailout as a necessary “reform,” it is imperative that we place this “reform” in a much wider and deeper context. In doing so, we need to return to first principles.
Tuesday, June 02, 2009
Are Bailed Out Banks Reporting Fake Profits? / Companies / Credit Crisis Bailouts
By: Money_Morning
Keith Fitz-Gerald writes: Remember the infamous leaked Vikram S. Pandit memo we wrote to you about awhile back that suddenly saw Citigroup Inc. (NYSE: C) turn a profit on nothing more than vapors?
Sunday, May 31, 2009
Did Bernanke and Paulson Commit Bank Fraud? / Politics / Credit Crisis Bailouts
By: Global_Research
Thomas R. Eddlem writes: New revelations from the New York State Attorney General’s office have all but proven that Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Hank Paulson committed bank fraud crimes in the case of the Merrill Lynch/Bank of America merger that took place last year. New York State Attorney General Andrew M. Cuomo revealed that Paulson and Bernanke illegally suppressed adverse financial data on the merger and threatened to replace the Bank of America CEO and board of directors if the company backed out of the Merrill Lynch merger. “Secretary Paulson has informed us that he made the threat at the request of Chairman Bernanke,” Cuomo wrote in an April 23 letter to Congress.
Friday, May 29, 2009
Obama Should Reject Bailout of California to Prevent Bond Market Crash / Politics / Credit Crisis Bailouts
By: Peter_Schiff
During the height of New York City's financial crisis in the 1970's, President Gerald Ford had the good sense to turn down Mayor Abe Beame's request for a federal bailout. The refusal prompted the famous New York Post headline, "Ford to City: Drop Dead." More than 30 years later, as California Governor Arnold Schwarzenegger makes a similar plea to Washington, I hope President Obama will show similar restraint. Unfortunately, given Obama's recent string of unwise economic decisions, it's hard to imagine that his judgment will suddenly improve.
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.