As Detroit enters Chapter 9 bankruptcy some are considering the possibility of a federal bailout to dull some of the sharper cuts likely to result.
|By: masaccio Sunday March 17, 2013 11:00 am|
Tell me again why we have to give money to banks to save the economy.
|By: Attaturk Thursday March 7, 2013 1:30 am|
On the one hand this is already well-know, depressing, and frustrating that the response of professional prosecutors is a shoulder-shrug
|By: DSWright Wednesday January 9, 2013 10:30 am|
AIG is considering Wednesday whether the company should join a lawsuit against the government that spent $182 billion to save it from collapse. If AIG decides to join the complaint, which seeks $25 billion in damages, it would pit the company against the government that in 2008 kept it from buckling under the weight huge losses on mortgage-backed securities and other toxic assets.
|By: Attaturk Thursday December 6, 2012 1:30 am|
Love means never having to say you’re sorry…as long as you love money.
|By: Attaturk Friday November 30, 2012 1:30 am|
And we peons are not going to be allowed to peak behind the curtain to discover how the world banking system helped take down the global economy.
|By: David Dayen Saturday September 22, 2012 1:59 pm|
I believe this is former Special Inspector General of TARP Neil Barofsky’s 206th media appearance in support of Bailout. He has tirelessly criss-crossed the media landscape to tell the story of his time in Washington and offer a warning about a government captured by Wall Street.
|By: David Dayen Tuesday February 21, 2012 7:40 am|
After an all-night round of talks among Eurozone finance ministers, Greece was granted its second bailout, this one for €130 billion, in a package that includes recently passed austerity measures and a debt restructuring. But confidential reports distributed to the finance ministers indicate that the deal will not work and may even be counter-productive.
|By: Scarecrow Monday February 20, 2012 11:45 am|
This a.m. Atrios highlights an op ed at the Financial Times by Wolfgang Münchau pointing out that Greece now faces the bitter choice of defaulting if it wants to preserve any pretense of democracy and national sovereignty. That follows a week or more of intimidating and insulting comments by German financial minister Wolfgang Schäuble and others
|By: David Dayen Friday February 10, 2012 11:41 am|
Greece has agreed to new bailout terms, with brutal austerity measures attached, but Eurozone finance ministers don’t believe the Greeks will follow through, so they’ve held up the provision of the funding.