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Wednesday, March 21, 2018

‘Bond Predators’ On Puerto Rican Debt Want Their Bailout

Washington Republicans are lining up to make sure that the American taxpayer foots the bill for Puerto Rico’s debt crisis — and not the private speculators who made risky investments. Funny how fast these “fiscal conservatives” forget their distaste for bailouts when their Wall Street benefactors come knocking.

December 29, 2015

A Whining Wall Street Banker Pleads For Pity

Jamie Dimon needs to stop complaining.

January 28, 2015

Book Review: ‘Too Big to Jail: How Prosecutors Compromise With Corporations’

How big business gets away with crime — and you get stuck holding the bag.

October 3, 2014

Detroit’s Emergency Manager Says Settlement With Museum Avoided Costly Legal Fight

Find out what will become of Detroit’s world-class art collection.

October 2, 2014

Argentina Deposits Debt Payment, Defying U.S. Judge

Find out why Argentina is ignoring U.S. courts.

September 30, 2014

U.S. Accused Of Illegal 2008 Seizure As AIG Trial Opens

You won’t believe why AIG’s former CEO is demanding $40 billion.

September 30, 2014

IMF Throws Lifeline To Ukraine As Russia Masses Troops

By Dmitry Zaks Kiev (AFP) – The International Monetary Fund announced on Thursday a $14-$18 billion bailout for Ukraine that requires the crisis-hit country to pursue painful and unpopular reforms to avert bankruptcy amid its escalating standoff with Russia. The vital pledge of Western support for the untested leaders who last month toppled a pro-Kremlin […]

March 27, 2014

Does It Really Matter How Elizabeth Warren Spent TARP Oversight Funds?

Sometimes it seems like Republicans — and much of the press covering them — are more worried about how those scrutinizing the financial industry and the nature of the 2008 economic collapse are spending their rather small operating budgets than the big picture: the hundreds of billions doled out to the big banks. Thus the […]

September 22, 2011

New Reports Show That The Fed Lent Wall Street $1.2 Trillion

New revelations about the extent of the Federal Reserve’s bailout of Wall Street have caused many to question the role of government lending programs as many fear another recession. The Fed’s $1.2 trillion loans of public money to Wall Street and foreign banks dwarf the Treasury Department’s heavily criticized $700 billion Troubled Asset Relief Program, […]

August 22, 2011

GM Chief: “People who have jobs buy cars.”

General Motors CEO Daniel Akerson recently laid out why the continued problem of unemployment could threaten successful Obama economic policies, like the bailout and rescue of GM and Chrysler. “I worry about a jobless recovery, because people who have jobs buy cars,” he told shareholders in Detroit. (The federal government still owns more than a […]

June 9, 2011