Skip to: Content
Skip to: Site Navigation
Skip to: Search
THURSDAY, NOVEMBER 26, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Wall Street bailout

Wall Street bailout stories: 140 news summaries

21 - 40 of 140 Stories | << Prev 1 2 3 4 5 6 7 Next >>

Switch to grid view »

(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

OPINION

Forget Health Reform—We Can't Afford It

The economy should
be Obama's top priority: Henninger

Sep 10, 09 8:50 AM CDT
(Newser) - Barack Obama makes health care sound like the most pressing issue in American life, but with unemployment at 10% and the country still officially in recession, Daniel Henninger wonders why he's "draining a dwindling reservoir of presidential capital." The cost of health care may be a problem for... More »

MORE ABOUT:
health care • Barack Obama • health care costs • recession • unemployment • US economy • health care reform • economy • Obama administration • Wall Street bailout • TARP

Bank of America Ready to Repay $20B in Bailout Cash

But bank haggles with Treasury, Fed over fee for loss-sharing deal

Sep 1, 09 7:59 AM CDT
(Newser) - Bank of America may become the latest institution to pay back a portion of its bailout money, with an eye toward escaping Washington's scrutiny of its pay packages. BofA isn't ready to pay back $45 billion in first-round TARP funds, the Wall Street Journal reports, but wants to start with... More »

MORE ABOUT:
Bank of America • Federal Reserve • Treasury Department • bailout • financial crisis • Wall Street bailout • TARP

(Newser) - The return of hefty profits on Wall Street doesn't mean that banks are returning to previous bad behavior, Tim Geithner insists. In an interview with the Wall Street Journal, the Treasury secretary says the big banks are safer now because "they're running with much less leverage," greater liquidity,... More »

MORE ABOUT:
executive compensation • bank • Obama administration • banks • deleveraging • Treasury secretary • Wall Street bailout • Timothy Geithner

OPINION

 Post-Crisis Wall Street 
 Suffers Convenient Amnesia 

With bailouts, Treasury went too easy on financial industry

Aug 13, 09 11:22 AM CDT
(Newser) - We keep hearing that “Wall Street as we know it ended” in September 2008, but in fact, “the great upheaval of last fall may not have been severe enough,” writes David Weidner in the Wall Street Journal. The government formed a financial “death panel,” choosing... More »

MORE ABOUT:
Wall Street • bailout • JPMorgan Chase • banks • Wall Street bailout

(Newser) - Robert Benmosche has been at the head of AIG for 48 hours now, so naturally it's time for a vacation. The new CEO of the four-times-bailed-out insurer is leaving for his 8,000-square foot villa on the Adriatic for the next two weeks. "It’s probably not a propitious... More »

MORE ABOUT:
executive compensation • Croatia • vacation • AIG • bailout • financial crisis • Wall Street bailout • Robert Benmosche

OPINION

Big Government Prevented Great Depression II

...And Republicans kept demanding that it step aside and allow it

Aug 10, 09 8:22 AM CDT
(Newser) - The economy isn’t in great shape, but we’re going to avoid Great Depression II, writes Paul Krugman in the New York Times. “What saved us? The answer, basically, is big government.” Unlike the private sector, the government didn’t decrease spending as its income decreased,... More »

MORE ABOUT:
government spending • Paul Krugman • economic stimulus package • economy • financial crisis • Wall Street bailout • big government

OPINION

Only 2nd Stimulus Can Save US: Stiglitz

But Wall Street bailout has made it a dirty word, writes economist

Aug 10, 09 7:12 AM CDT
(Newser) - Pundits can't help but ask whether the winter's fiscal stimulus has failed, and for Joseph Stiglitz it has—because the Obama administration made "political compromises that caused it to be less effective than it could have been." For the Nobel Prize-winning economist, there is no option but a... More »

MORE ABOUT:
economics • recession • economic stimulus package • bailout • Joseph Stiglitz • Obama administration • financial crisis • Wall Street bailout

(Newser) - Anybody seen $700 billion? The government watchdogs charged with overseeing TARP spending don't seem able to answer even basic questions about where the money went, Chris Adams writes at McClatchy. A special inspector general, a congressional panel, and eight other inspectors general are supposed to be keeping track of the... More »

MORE ABOUT:
Henry Paulson • watchdog • Treasury Department • Government Accountability Office • bailout • Troubled Asset Relief Program • Wall Street bailout • Timothy Geithner • TARP • Neil Barofsky

ANALYSIS

 Paulson Still Dogged 
 by Ethics Queries 

Ex-Goldman exec coddled firm as Treasury sec, critics say

Aug 9, 09 11:28 AM CDT
(Newser) - As a former Goldman Sachs exec, Henry Paulson vowed to avoid any potential conflicts of interest when he was appointed President Bush’s Treasury secretary. But seven months after he left office, the nagging questions surrounding Paulson’s tumultuous term in office suggest he may not have succeeded, Gretchen Morgenson... More »

MORE ABOUT:
ethics • Wall Street • Goldman Sachs • Henry Paulson • AIG • Treasury Department • Lloyd Blankfein • bailout • conflict of interest • Wall Street bailout

Wall Street Rakes in $1B in Fees on AIG Breakup

Morgan Stanley set to pocket $250M in  'advisory services'

Aug 6, 09 7:18 AM CDT
(Newser) - The crumbling of AIG forced taxpayers to take on 80% of the company, but breaking the insurance giant up is turning out to be a bonanza for lawyers and banks. The Wall Street Journal calculates that firms will pull in $1 billion in fees from AIG and the Fed—one... More »

MORE ABOUT:
insurance companies • Bank of America • Goldman Sachs • Morgan Stanley • IPO • AIG • fees • financial crisis • Wall Street bailout

Judge Balks at BofA Bonus Settlement

$33M deal with SEC raises questions of fairness; hearing set

Aug 6, 09 5:00 AM CDT
(Newser) - Bank of America won't be able to quietly settle the flap over bonuses for Merrill Lynch execs with a simple $33 million payout to the SEC, a federal judge ruled yesterday. Judge Jed Rakoff refused to sign off on the settlement, saying that doing so would leave the public in... More »

MORE ABOUT:
Bank of America • federal courts • Merrill Lynch • SEC • bonuses • federal judges • Wall Street bailout • TARP • executive bonuses • Jed Rakoff

(Newser) - Sarah Palin took to the national stage in August 2008, and two weeks later Lehman Brothers collapsed. That's a helpful metaphor, writes Naomi Klein in the Guardian, who sees the former Alaska governor as "the last clear expression of capitalism-as-usual before everything went south." The financial crisis should... More »

MORE ABOUT:
ecology • capitalism • Lehman Brothers • bailout • Sarah Palin • Wall Street bailout • drilling

TARP-Funded Banks Kept Awarding Bonuses

Firms paid more than they made: Cuomo

Jul 30, 09 12:52 PM CDT
(Newser) - The financial crisis and government bailouts did little to change Wall Street’s executive compensation habits, New York's attorney general says. All nine banks given assistance by TARP paid out bonuses in 2008—well before any paid back government loans, according to a survey ordered by Andrew Cuomo. Goldman Sachs,... More »

MORE ABOUT:
Citigroup • executive compensation • Bank of America • Goldman Sachs • Merrill Lynch • Andrew Cuomo • bonuses • bailout • Troubled Asset Relief Program • Wall Street bailout • TARP

TARP Watchdog: Bailouts May Cost US $24T

Number based on 'hypothetical maximum,' Treasury counters

Jul 20, 09 3:41 PM CDT
(Newser) - The special inspector overseeing Treasury’s TARP program says federal assistance to banks and other financial entities could end up costing taxpayers $23.7 trillion, Bloomberg reports. Aside from the $700 billion bailout, Neil Barofsky says in testimony prepared for told Congress tomorrow, other trillion-dollar federal programs could balloon. “... More »

MORE ABOUT:
Treasury Department • taxpayer money • federal spending • rescue package • Wall Street bailout • Timothy Geithner • TARP • Neil Barofsky

(Newser) - Instead of using federal bailout money to increase lending as the money was intended, many banks used TARP funds to make investments, repay loans, and even buy other banks, reports the Washington Post, citing a government audit report. Of 360 banks surveyed, 110 invested at least some of their bailout... More »

MORE ABOUT:
Treasury Department • Wall Street bailout • TARP • Neil Barofsky

Paulson: BofA-Merrill Deal Saved US From 'Great Peril'

Actions saved nation from 'great peril,' he says

Jul 16, 09 11:15 AM CDT
(Newser) - Former Treasury Secretary Henry Paulson says his role in Bank of America’s acquisition of Merrill Lynch was appropriate and necessary, MarketWatch reports. “I am confident that our responses were substantially correct and that they saved this nation from great peril,” Paulson told a House oversight committee today... More »

MORE ABOUT:
Bank of America • Federal Reserve • Henry Paulson • Merrill Lynch • economy • financial crisis • Wall Street bailout • TARP • Ken Lewis • Edolphus Towns

(Newser) - Goldman Sachs is expected to announce stunning profits for the second quarter tomorrow, inspiring jealousy on Wall Street and suspicion on Main Street, as taxpayers wonder whether they've been taken for a ride, reports the New York Times. The bank repaid its multibillion dollar government loan last month, and could... More »

MORE ABOUT:
Wall Street • Goldman Sachs • profits • American Stock Exchange • quarterly profits • economy • Wall Street bailout

21 - 40 of 140 Stories | << Prev 1 2 3 4 5 6 7 Next >>


from our news partners