Category: Bailouts
By Anita Finlay ("Ani") on Apr 20, 2010 in Bailouts, Bank Bailouts, David Shuster, Deficit, Depression, Economic Stimulus, Keith Olbermann, MSNBC, Obama Comrades, Obama's Broken Promises, Race | 148 Comments
Tea partiers have pundits and politicians heads spinning. The movement keeps growing. The defy description or easy characterization. First insulted with the sexual slur “teabaggers,” called racist, extremist, angry white men and every other nasty name in the book, recent polling has determined they are quite representative of American demographics, many are well educated and [...]
By Rabble Rouser Reverend Amy on Apr 20, 2010 in AIG, Bailouts, Bamboozling, Campaign promises, Congress (House & Senate), Current Affairs, Democrats, Economy, President Barack Obama, Wall Street | 58 Comments
Goldman Sachs has been in the news a bit lately, and with good reason. As Larry Doyle has detailed, the SEC filed a civil suit against Goldman Sachs last week for fraud. Obama is trying to use this recent lawsuit as a way to increase restrictions against Wall Street. And as this LA Times article [...]
By Anita Finlay ("Ani") on Apr 18, 2010 in Austan Goolsbee, Bailouts, Bank Bailouts, Bank Failure, Current Affairs, Earmarks, Elitism, George Bush, National Debt, Obama Administration, Obama's Broken Promises, President Barack Obama, Speaker Nancy Pelosi, Toxic Assets, Wall Street | 129 Comments
CNN’s John Blake posted an article the other day that is just too rich to let pass without comment. CNN, certainly very Obama-friendly, was probably trying to do our President a solid by posting this piece in an effort to prove to the Tea Party activists and others who are not fans of Mr. Obama’s [...]
By Anita Finlay ("Ani") on Apr 10, 2010 in Bailouts, Bank Bailouts, Banking Institutions, Bernie Madoff, Bush administration, Civil Liberties, Congress (House & Senate), DNC idiocy, Economic Stimulus, Freedom of Speech, Lobbyists, Media Bias, Nancy Pelosi, National Debt, Obama Administration, Obama's Broken Promises, Obama's Budget, Race Card, Stimulus Plan, TARP, Toxic Assets, Wall Street, stimulus tax package | 99 Comments
Who’s afraid of a little Tea Party? Everyone, fortunately. So says Kevin O’Brien of The Cleveland Plain Dealer, who correctly points out that while Tea Partiers may lean conservative, they are filled with more anti-incumbent fever (for both sides) than anyone would care to admit: Democratic officeholders should be afraid. Republican officeholders, too. For many [...]
By Rabble Rouser Reverend Amy on Apr 1, 2010 in Bailouts, Bank Bailouts, Barack Obama, Bush administration, Congress (House & Senate), Current Affairs, Democrats, Depression, Fannie Mae, Franklin Raines, Freddie Mac, Housing & Housing Crisis, Mortgage Crisis, National Debt, Unemployment | 23 Comments
~~Bumped Up~~ The DOW continues to be on the rise, which is certainly some good news, particularly for investors. Unfortunately, that is not translating into new jobs. Quite the opposite, in fact. For the second week in a row, first time unemployment benefits have risen, this week close to half a million (484,000), a rise [...]
By Larry Doyle on Mar 5, 2010 in Bailouts, Bank Bailouts, Banks, Citigroup, Economy, Sense on Cents (Larry Doyle blog), TARP, U.S. Treasury | 9 Comments
According to testimony yesterday from Treasury official Herb Allison, who is currently charged with overseeing the management of the TARP, there are no financial firms now guaranteed as ‘too big to fail.’ What rock did Herb just crawl out from? The Wall Street Journal addresses Herb’s ridiculous comment in writing, Treasury Official: ‘No Too Big [...]
By Larry Doyle on Feb 27, 2010 in Bailouts, Economy, Sense on Cents (Larry Doyle blog) | 29 Comments
Is it any surprise that the next drawdown in a multi-billion dollar ongoing bailout gets posted at 5pm on a Friday afternoon? Not in this economy where Uncle Sam, that’s you and me boys and girls, continues to pay for the woefully mismanaged financial and legislative practices of those in Washington. The gutless typically prefer [...]
By Larry Doyle on Feb 4, 2010 in Bailouts, Current Affairs, Economy, Judd Gregg, Sense on Cents (Larry Doyle blog), TARP | 30 Comments
Are we a nation of laws or not? Do we merely do what is expedient and politically correct as opposed to what is right and principled? Do we allow political polls and political winds to override the pursuit of truth, transparency, and integrity? All too often, our nation gets so caught up in the moment [...]
By Rabble Rouser Reverend Amy on Jan 29, 2010 in Bailouts, Congress (House & Senate), Current Affairs, Democrats, Don't Ask Don't Tell, Economy, Energy Policy, Foreign Affairs, Governance, Health Care, Off-Shore Drilling, President Barack Obama, Republicans, Supreme Court, Tax stimulus package, Unemployment/Jobs, stimulus tax package | 217 Comments
Bumped up with and Update at the bottom of the post. Yes, Obama laid blame at the feet of just about everyone but himself last night during his SOTU. “The Buck Stops Here” moment was very short-lived, was it not? It’s Bush’s fault about the banks, even though Senator Obama voted to bail them out; [...]
By Rabble Rouser Reverend Amy on Jan 29, 2010 in Bailouts, Bamboozling, Bank Bailouts, Congress (House & Senate), Current Affairs, Economy, Environment, Fannie Mae, Freddie Mac, Health Care, Hoodwinking, Housing & Housing Crisis, Obama's Broken Promises, President Barack Obama, TARP, Wall Street | 33 Comments
Jon Stewart had Harvard Professor, Elizabeth Warren on recently to discuss TARP and Wall Street. It was an interesting interview, to be sure (h/t to Pat), and provided a historical perspective: The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
By Larry Doyle on Jan 8, 2010 in AIG, Bailouts, Current Affairs, Economy, Sense on Cents (Larry Doyle blog), Tim Geithner, U.S. Treasury, treasury department | 28 Comments
Tim Geithner blinked and screwed the American taxpayer out of billions of dollars in the process. How so? Geithner and his cronies in Washington have misrepresented–if not outright lied–about the payments to both domestic and foreign banks in settling exposures to then failing AIG. While politicians and pundits alike will reference the precarious nature of [...]
By Larry Doyle on Jan 3, 2010 in Bailouts, Barney Frank, Current Affairs, Economy, Fannie Mae, Freddie Mac, Housing & Housing Crisis, Larry Summers, Sense on Cents (Larry Doyle blog), U.S. Treasury | 27 Comments
Blank checks are the antithesis of good public policy. America can not allow the passage of time to lessen the outrage over the Obama administration’s Christmas Eve bonus to the financial sinkholes known as Freddie Mac and Fannie Mae. Platitudes and posturing aside, the American taxpayer is being set up as never before. A blank [...]
By Larry Doyle on Dec 30, 2009 in Bailouts, Current Affairs, Economy, Fannie Mae, Franklin Raines, Freddie Mac, Housing & Housing Crisis, Sense on Cents (Larry Doyle blog) | 18 Comments
I remain incensed at the sheer arrogance and brazen demeanor of the Obama administration providing a blank check on Christmas Eve to cover future losses of the failed institutions Fannie Mae and Freddie Mac. Given the fact that this check has been issued, America deserves to know what exactly it is covering. Over and above [...]
By Larry Doyle on Dec 26, 2009 in Bailouts, Current Affairs, Economy, Fannie Mae, Freddie Mac, Housing & Housing Crisis, Sense on Cents (Larry Doyle blog) | 33 Comments
While Americans across the country hustled and bustled for last minute gifts and holiday preparations, our wizards in Washington tied a big red ribbon on a blank check made out to Freddie Mac and Fannie Mae. In the process, a future of socialized housing finance has been increasingly solidified. Why would the Obama administration pass [...]
By Larry Doyle on Dec 11, 2009 in Bailouts, Banks, Economy, Sense on Cents (Larry Doyle blog), Wall Street | 11 Comments
You’re a mean one, Mr. Grinch…!! Are British bankers headed to the pub early today to drown their sorrows? Little doubt, as the Chancellor of the Exchequer Alistair Darling (British equivalent to Treasury Secretary Tim Geithner) announced that year-end bonus pools for British banks will be hit with a one-time, top line tax of 50%!! [...]
by Ronald Scott
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