Category: Credit Crisis Bailouts
The analysis published under this category are as follows.
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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Monday, March 26, 2012
A Fistful of Euros / Politics / Credit Crisis Bailouts
By: Dr_Ron_Paul
This week, my congressional committee will hold a hearing to examine how the Federal Reserve bails out European banks, propping up spendthrift European governments in the process. Unfortunately this bailout comes at the expense of American citizens, in the form of higher prices and diminished savings down the road.
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Sunday, March 25, 2012
Big Banks Continue to "Suck at the Government" With Never-Ending Stealth Bailouts / Politics / Credit Crisis Bailouts
By: Washingtons_Blog
Open-Ended Bailouts Are Continuing
We’ve previously documented the fact that bailouts of the big banks are continued in stealth mode up to the present day.
True, the banks claim they’ve repaid the Tarp bailout funds … but nearly half of the banks “repaid” such bailout funds by borrowing from other government bailout funds (and the rest could only repay money by fudging their accounting and using stealth bailouts which are are a little harder to detect).
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Saturday, February 04, 2012
Obama’s Refinancing Swindle, Banks Want to Dump Millions of Risky Mortgages Onto FHA / Politics / Credit Crisis Bailouts
By: Mike_Whitney
Barack Obama’s new housing refinance plan has nothing to do with “lowering monthly mortgage payments so responsible borrowers can stay in their homes”. That’s all public relations bunkum. The truth is the banks want to offload their garbage mortgages onto Uncle Sam to avoid hundreds of billions of dollars in losses. That’s what this refi-ruse is really all about.
Thursday, February 02, 2012
Irish People Bailout of Bond Holders, Vincent Browne v The European Central Bank Video / Politics / Credit Crisis Bailouts
By: Videos
Vincent Browne takes on Klaus Masuch over the issue of the Irish people having to foot the bill for unguaranteed bondholders.
Sunday, January 29, 2012
How the Banks Broke the Social Compact, Promoting their Own Special Interests / Politics / Credit Crisis Bailouts
By: Michael_Hudson
Banks Weren’t Meant to Be Like This. What will their future be – and what is the government’s proper financial role?
The inherently symbiotic relationship between banks and governments recently has been reversed. In medieval times, wealthy bankers lent to kings and princes as their major customers. But now it is the banks that are needy, relying on governments for funding – capped by the post-2008 bailouts to save them from going bankrupt from their bad private-sector loans and gambles.
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Saturday, January 28, 2012
RBS CEO £1 Million Bonus for Failure Should be Scrapped, Bankster Fraud on Taxpayers Continues / Politics / Credit Crisis Bailouts
By: Nadeem_Walayat
The RBS board has awarded the CEO a bonus of £1 million in addition to his £1.2 million salary for effectively being an abysmal failure on any recognisable measure.
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Saturday, January 21, 2012
Politicians and the Global Financial Crises / Politics / Credit Crisis Bailouts
By: Akhil_Khanna
Political System
The seeds of the global financial crises which were triggered by the collapse of Lehman Brothers in the USA in 2008 had been sown during the last number of decades. The basic reason for the emergence of the crises is the manner in which we select our leaders or politicians in our society. The politicians are the key persons responsible for laying down rules and regulations which the population of the country are expected to follow. The strict, severe and swift penalties for not adhering to the rules and regulations are supposed to act as deterrent for people from breaking the law. In the current system of elections there are some inbuilt weaknesses which do not allow the politicians to follow their basic responsibilities.
Saturday, December 03, 2011
Is Crony Capitalism Wrong? / Politics / Credit Crisis Bailouts
By: Janet_Tavakoli
n November 29, 2011, Bloomberg Magazine’s Richard Teitelbaum published an article revealing a secret meeting on July 21, 2008, with then Secretary of the Treasury and former Goldman Sachs CEO Hank Paulson and around a dozen hedge-fund managers and Wall Street executives.
Five of the hedge fund managers were former Goldman Sachs employees. The meeting was held at the offices of the founder of hedge fund Eton Park Capital Management, Eric Mindich, a former 15-year employee of Goldman Sachs who rose to be the senior strategy officer of Goldman’s Executive Office. He is also current Chair of the Asset Managers’ Committee of the President’s Working Group on Capital Markets.
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Saturday, December 03, 2011
The Fed's 16 Trillion Dollar Bailout of the Too Big To Fail Banks / Politics / Credit Crisis Bailouts
By: LewRockwell
What you are about to read should absolutely astound you. During the last financial crisis, the Federal Reserve secretly conducted the biggest bailout in the history of the world, and the Fed fought in court for several years to keep it a secret. Do you remember the TARP bailout? The American people were absolutely outraged that the federal government spent 700 billion dollars bailing out the "too big to fail" banks. Well, that bailout was pocket change compared to what the Federal Reserve did. As you will see documented below, the Federal Reserve actually handed more than 16 trillion dollars in nearly interest-free money to the "too big to fail" banks between 2007 and 2010. So have you heard about this on the nightly news? Probably not. Lately Bloomberg has been reporting on some of this, but even they are not giving people the whole picture. The American people need to be told about this 16 trillion dollar bailout, because it is a perfect example of why the Federal Reserve needs to be shut down. The Federal Reserve has been actively picking "winners" and "losers" in the financial system, and it turns out that the "friends" of the Fed always get bailed out and always end up among the "winners". This is not how a free market system is supposed to work.
Friday, December 02, 2011
Credit Crisis Bailout Bandits: The Biggest Borrowers From the U.S. Federal Reserve / Companies / Credit Crisis Bailouts
By: Money_Morning
Money Morning staff reports writes:
The Eurozone debt crisis has replaced the U.S. financial crisis as the disaster du jour. But make no mistake: U.S. taxpayers will be paying the tab for the U.S. crisis for years.
That's evidently not true of the banking sector, however, whose massive financial-crisis windfall is just now coming to light.
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