Category: Credit Crisis Bailouts
The analysis published under this category are as follows.
Monday, November 02, 2009
Representative Issa's Letter to William Dudley Requesting AIG Bailout Disclosure / Politics / Credit Crisis Bailouts
By: Janet_Tavakoli
Mr. William C. DudleyPresident
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045
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Wednesday, October 28, 2009
US Ponzi Scheme Economy Continues with a New Bailout of GMAC / Companies / Credit Crisis Bailouts
By: Trader_Mark
The Wall Street Journal reports of a new round of bailouts for GMAC. If you are not familiar on how the full Ponzi scheme economy is working, I touched on this in a June piece (this was well before Cash for Clunkers) - let's review.
Tuesday, October 27, 2009
U.S. Government Squandered Billions in the AIG Deal / Politics / Credit Crisis Bailouts
By: Janet_Tavakoli
Janet Tavakoli, founder of Chicago-based Tavakoli Structured Finance Inc., a financial consulting firm, says the government squandered billions in the AIG deal.
“There’s no way they should have paid at par,” she says. “AIG was basically bankrupt.”
Friday, October 23, 2009
Bailout Economic Madness as Congress Seeks to Bailout Pork Belly Farmers / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
24 Senators and 63 House Representatives have completely lost their minds over pork bellies. Apparently the free market does not work, hog farmers are not making enough money, and the government owes farmers a profit no matter how much stuff they grow or raise.
Thursday, October 22, 2009
Downsizing, Government Officials and Media Turning Against the Banks / Politics / Credit Crisis Bailouts
By: Danny_Schechter
Even as calls for an UPRISING against the practices of the big banks are being made, something else has begun to happen: a DOWNRISING has begun with members of the industry, prominent financial media outlets, and government officials beginning to turn against the banks they have been supporting.
Call it an EVOLUTION from above as opposed to an uprising or activism from below.
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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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