Skip to: Content
Skip to: Site Navigation
Skip to: Search
FRIDAY, NOVEMBER 20, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Wall Street bailout

Wall Street bailout stories: 137 news summaries

1 - 20 of 137 Stories | 1 2 3 4 5 ... 7 Next >>

Switch to grid view »

Paul Krugman

 AIG Bailout Squandered Our Money, Trust

Geithner & Co. were afraid to ask Wall Street for concessions

11 hours, 51 minutes ago
(Newser) - Financial officials, “most notably Timothy Geithner,” deservedly lost the public's trust with their no-strings-attached bailout of AIG, Paul Krugman rails in the New York Times . As a damning report from the TARP inspector general points out, the government made no serious attempt to extract concessions from the... More »

MORE ABOUT:
AIG • Paul Krugman • bailout • Troubled Asset Relief Program • Wall Street bailout • Timothy Geithner • TARP

Disgruntled Dem Wants Geithner, Summers Sacked

Peter DeFazio says White House betrayed Main St. for Wall St.

Nov 19, 09 10:42 AM CST
(Newser) - Rep. Peter DeFazio wants Barack Obama to fire the Larry Summers and “Timmy Geithner” for being Wall Street lap dogs, and says there’s a “growing consensus” in the Progressive Caucus that agrees with him. Summers and Geithner oppose a Progressive proposal to use unspent TARP funds to... More »

MORE ABOUT:
Barack Obama • Wall Street • Goldman Sachs • Larry Summers • Wall Street bailout • Timothy Geithner • TARP • Peter DeFazio • progressives

 Dems: Use TARP Funds to 
 Aid Jobless, Homeowners 

White House wants to use balance to cut deficit

Nov 18, 09 7:44 AM CST
(Newser) - Democrats in Congress want to direct some of the remaining billions in the Wall Street bailout funds to struggling workers and homeowners—a plan that puts them at odds with the White House, which aims to put the TARP balance toward deficit reduction. The change in Congress comes as unemployment... More »

MORE ABOUT:
deficit • congressional Democrats • homeowners • Wall Street bailout • President Obama • TARP

 Fed Report 
 Rakes Geithner 
 Over AIG Bailout 

He's accused of handing AIG creditors 'backdoor bailout'

Nov 17, 09 4:18 AM CST
(Newser) - Tim Geithner did a lousy job of looking out for the interests of taxpayers during the AIG bailout last year, according to a report from a federal oversight group. Geithner, then head of the Federal Reserve Bank of New York, made no attempt to renegotiate AIG's debts, effectively giving the... More »

MORE ABOUT:
Federal Reserve • AIG • Federal Reserve Bank of New York • financial crisis • Wall Street bailout • New York Federal Reserve Bank • Neil Barofsky

46 Bailed-Out Firms Behind on Repaying US

CIT bankruptcy will cost taxpayers $2.3B

Nov 16, 09 7:38 AM CST
(Newser) - A whopping 46 of the banks the government bailed out last year are behind on their payments, with some going belly-up despite the rescue. The largest so far, CIT Group, is in bankruptcy court today hoping to wipe out the $2.3 billion it owes Uncle Sam, and analysts tell... More »

MORE ABOUT:
General Motors • Wall Street bailout • TARP • CIT Group

 Bush Warns 
 of 'Too Much' 
 Government 

But he doesn't mention Obama by name

Nov 13, 09 8:05 AM CST
(Newser) - George Bush has promised to steer clear of criticizing his successor's policies, but he seemed to come awfully close yesterday during a speech at SMU. "As the world recovers, we will face a temptation to replace the risk-and-reward model of the private sector with the blunt instruments of government... More »

MORE ABOUT:
free markets • Southern Methodist University • George W. Bush • former presidents • Wall Street bailout

OPINION

Rage Against Privilege
Seeps Into Left, Right

Anger at betrayal runs deep

Nov 12, 09 8:32 AM CST
(Newser) - It takes a lot for the folks in middle America to "look upon concentrated wealth as anything except a virtue," writes Timothy Egan for the New York Times, but that line has finally been crossed. Hearing of tens of billions in holiday bonuses at Wall Street firms bailed... More »

MORE ABOUT:
St. Louis • Wall Street bailout • executive bonuses • H1N1 virus • midterm elections • class rage

Annoyed by Feds, AIG CEO Threatens to Quit

Benmosche, just 3 months in, is 4th CEO in 18 months

Nov 11, 09 8:43 AM CST
(Newser) - Just 3 months after taking the job, AIG CEO Robert Benmosche is threatening to storm out in a huff. At a directors’ meeting last week the voluble Benmosche, formerly of MetLife, told colleagues he was “done” with trying to operate the 80% taxpayer-owned company under federal supervision, particularly with... More »

MORE ABOUT:
executive compensation • CEO • AIG • Treasury Department • restrictive oversight • Wall Street bailout • Kenneth Feinberg • Robert Benmosche • pay czar • Douglas Steenland

$250K APIECE

Bonuses at Morgan Stanley, JPMorgan, Goldman Hit $30B

Average payout will be five times median household income in US

Nov 9, 09 4:55 AM CST
(Newser) - Recession? What recession? Some Wall Street firms are not feeling any pain this year as record bonuses at just three of the top firms are likely to hit an eye-popping $30 billion. Goldman Sachs, Morgan Stanley and JPMorgan Chase, the three biggest banks to be bailed out by the feds,... More »

MORE ABOUT:
executive compensation • Goldman Sachs • Morgan Stanley • bonuses • compensation • Federal government • bailout • JPMorgan Chase • executives • Wall Street bailout • TARP

masters of the universe

 Goldman's 
 Blankfein 
 Is 'Doing 
 God's Work' 

A look behind the scenes at the omnipresent bank

Nov 8, 09 2:34 PM CST
(Newser) - Lloyd Blankfein likes to say he's "attained perfection," a plausible-sounding assertion now that Goldman Sachs has repaid its TARP funds and is dishing out mammoth bonuses. "I don’t want to put a cap on their ambition," the CEO says of his employees. "It’s... More »

MORE ABOUT:
Wall Street • Goldman Sachs • Lloyd Blankfein • bailout • investment banks • Wall Street bailout • bank-holding company • TARP

 Mega-Lender CIT 
 Files Chapter 11 

Bailed-out firm's move will cost government $2.3B

Nov 1, 09 4:43 PM CST
(Newser) - CIT Group, a major lender to small and medium-sized American businesses, filed for Chapter 11 today. The move means the government is most likely out the $2.3 billion in TARP bailout funds it put up last year. The "prepackaged" procedure is intended to allow CIT, which reported $71... More »

MORE ABOUT:
Carl Icahn • bankruptcy • bailout • Chapter 11 • Troubled Asset Relief Program • Wall Street bailout • TARP • Jeffrey Peek • bankruptcy protection • CIT Group

 50% Pay Cuts 
 for Bailout Execs 
 Due Today 

Warren confirms cuts to 25 top earners at 7 companies

Oct 22, 09 9:40 AM CDT
(AP) - The Treasury Department today is expected to order seven companies that have not paid back last year's US government bailouts to halve their top executives' average compensation. The cuts apply to the 25 highest-paid executives at banks and other companies that received the most assistance, with salaries being slashed by... More »

MORE ABOUT:
Chrysler • executive compensation • Bank of America • General Motors • Citibank • AIG • Treasury Department • Obama administration • Wall Street bailout • TARP • Elizabeth Warren • Kenneth Feinberg

Pay Czar Slashes Top Salaries at 7 Bailed-Out Firms

175 top earners will see pay cuts averaging 50%

Oct 21, 09 3:53 PM CDT
(Newser) - President Obama’s pay czar will cut compensation for the 25 highest-paid employees at seven companies that took large amounts of government aid. The 175 executives will face salary reductions of 90%, but with other compensation elements added in, the total reductions average 50%. Ken Feinberg also will require the... More »

MORE ABOUT:
Chrysler • Citigroup • executive compensation • Bank of America • General Motors • AIG • compensation • bailout • GMAC • Wall Street bailout • pay czar

OPINION

Bailout
Is Bad News
for Savers

Banks get trillions, fixed-income investors get screwed: Sloan

Oct 20, 09 12:17 PM CDT
(Newser) - Not fed up enough with just putting your taxpayer dollars directly on the line to bail out the nation’s banks? Allan Sloan has latched on to some insidious “collateral damage” from the government’s rescue plan, those trillions spent “to keep interest rates down to support the... More »

MORE ABOUT:
Federal Reserve • investments • recession • Treasury Department • interest rate • Allan Sloan • rescue package • Wall Street bailout • TARP

 Obama Bigwigs 
 Take Aim at 
 Wall Street 


Says execs can't have their bailouts, and their bonuses, too

Oct 19, 09 12:18 PM CDT
(Newser) - Wall Street is getting ready to hand out some hefty bonuses, and the Obama administration is already crashing the party, with top aides loudly dressing down execs, framing them as would-be fat cats who only last year were on the public dole. "The bonuses are offensive," says David... More »

MORE ABOUT:
Wall Street • Rahm Emanuel • Valerie Jarrett • David Axelrod • financial crisis • Wall Street bailout • President Obama

OPINION

Stop Whining, Let Goldman Have Bonuses

$23B is galling, but
at least the bank is sensible: Sorkin

Oct 13, 09 5:45 AM CDT
(Newser) - On Thursday Goldman Sachs is set to announce its third-quarter results, but the talk of Wall Street is the size of this year's bonus pool—predicted to be more than $23 billion. That's the largest figure in the company's history and twice as much as it paid out in 2008,... More »

MORE ABOUT:
executive compensation • Goldman Sachs • bonuses • financial crisis • Wall Street bailout • Andrew Ross Sorkin • clawback • executive bonuses

Volcker: Obama Plan May Lead
to More Bailouts

Former Fed chief
faults strategy
of 'too big to fail'

Sep 24, 09 5:27 PM CDT
(AP) - A top White House economic adviser says the Obama administration's proposed overhaul of financial rules preserves the policy of "too big to fail" and could lead to future bailouts. Former Fed chief Paul Volcker told Congress that by designating some companies as critical to the broader financial system, the... More »

MORE ABOUT:
Wall Street • General Motors • Paul Volcker • AIG • bailout • bank regulation • Obama administration • Wall Street bailout

(Newser) - Citigroup is drawing up a plan to get out from under the government’s thumb, the Wall Street Journal reports. The bank called the Treasury over the weekend to say it was looking for ways to scale back the government’s investment, outlining a plan in which it would... More »

MORE ABOUT:
Citigroup • Treasury Department • bailout • Wall Street bailout

BofA Cardholder Rips 'Thieving Bastards'

Foe of 'usury and plunder' won't pay 'til CEO watches video

Sep 14, 09 1:04 PM CDT
(Newser) - A California woman who says she kept paying her credit card bill even after she lost her job has had enough: She's pledging not to pay down her Bank of America account until the creditor lowers her interest rate, the Huffington Post reports.. It’s “the proverbial first... More »

MORE ABOUT:
Bank of America • credit card • interest rate • consumer debt • Wall Street bailout • Ken Lewis • Ann Minch • debtor

 Geithner Warns of 
 Long, Hard Road Ahead 

Administration a long way from saying 'mission accomplished' on financial crisis 

Sep 11, 09 5:43 AM CDT
(Newser) - The economy is no longer on the brink of the abyss but there's a long way to go before recovery takes hold, Tim Geithner warned yesterday. The Treasury secretary told a congressional committee that while the financial system is showing signs of better health, regulation of the financial system needs... More »

MORE ABOUT:
recession • US economy • House Committee on Oversight and Government Reform • Treasury secretary • financial crisis • Wall Street bailout • TARP

1 - 20 of 137 Stories | 1 2 3 4 5 ... 7 Next >>


from our news partners