Extended interview with top TARP cop, Harvard Professor, Elizabeth Warren. Shes sassy and real and tells it like it is…
Saturday, January 9, 2010
Under-performing banks that are politically connected received more bailout funds, according to a study by the University of Michigan’s Ross School of Business.
According to the report (.pdf), banks located in districts with House members serving on financial committees had a 26 percent increase in the funding they received under the Troubled Asset Relief Program. Likewise, [...]
Monday, December 21, 2009
The price tag for the Wall Street bailout is often put at $700 billion —the size of the Troubled Assets Relief Program. But tarp is just the tip of the iceberg of money paid out or set aside by the Treasury Department and Federal Reserve. In her book It Takes a Pillage: Behind the Bailouts, Bonuses, and [...]
Friday, December 18, 2009
Obama stands by as Wall Street lives it up and the rest of America struggles
A recent report that Citigroup and Goldman Sachs may have received preferential treatment getting doses of the swine flu vaccine was enough to give Ebenezer Scrooge the yips. Then came news that in order for us to get back the taxpayer [...]
Thursday, December 17, 2009
According to a new report issued by the Center for Budget and Policy Priorities, and based on figures from the Congressional Budget Office, the Bush43 tax cuts and the wars in Afghanistan and Iraq are responsible for a much bigger share of the annual deficit projections than TARP, the stimulus package and even effects of [...]
Wednesday, November 25, 2009
The nation’s bankers have much to be thankful for as they sit down to their turkey dinners on Thursday.
At this time last year, the American financial system was near collapse, rescued only by hundreds of billions of taxpayer dollars. Now the system has stabilized, and the industry is on the verge of a coup that [...]
Filed in News Blurbs
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Also tagged AFSA, Alan Grayson, Bailouts, Bank of America, Banking, Barney Frank, Bill Hempler, Bob Corker, CFPA, Chris Stinebert, Christopher Dodd, Citigroup, Congressional Black Caucus, Consumer Protection, Evan Bayh, Financial Sector, Goldman Sachs, JP Morgan Chase, Lobbyists, Michael Bennet, Reform, Regulation, Richard Shelby, Ron Paul, Tim Johnson, Wells Fargo
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“They shouldn’t be handing out bonuses. They should he handing out warrants for arrests. … If you have money in any of these banks that took TARP money, take the money out. Take the money out of those banks. Don’t reward them. Don’t ever trust your money with these people again. Put it in a [...]
Wednesday, October 14, 2009
Neil Barofsky, the special inspector general for TARP says that Treasury Secretary Timothy Geithner is “ultimately responsible” for regulators failing to rein in massive bonus payments at AIG. (Oct. 14)
Listening To
