Skip to: Content
Skip to: Site Navigation
Skip to: Search
WEDNESDAY, NOVEMBER 25, 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

61 - 80 of 140 Stories | << Prev 1 2 3 4 5 6 7 Next >>

Switch to grid view »

ANALYSIS

 Obama Needs 
 Help Selling 
 Economic Plans 

His team lacks common touch

Mar 24, 09 10:36 AM CDT
(Newser) - The White House economic team is great on policy, but when it comes to reassuring the public, President Obama is on his own, Peter Nicholas and Peter Wallsten write in the LA Times. "The ability to communicate with average people was not what these people were chosen for,"... More »

MORE ABOUT:
Treasury Department • economic stimulus package • Larry Summers • economy • Obama administration • Wall Street bailout • President Obama • Timothy Geithner • Christina Romer

ANALYSIS

 Geithner Wins Over Wall Street 

Careful roll out of asset plan helps Treasury secretary get his credibility back

Mar 24, 09 4:45 AM CDT
(Newser) - The carefully orchestrated roll out of the federal plan to buy toxic assets has won Tim Geithner Wall Street's support in the nick of time, Jackie Calmes writes in the New York Times. The Treasury secretary—whose plan was slammed when the "framework" was unveiled last month—could scarcely... More »

MORE ABOUT:
Treasury Department • bailout • Obama administration • financial crisis • Wall Street bailout • Timothy Geithner • Public-Private Investment Program

(Newser) - While credit markets were frozen last year, forcing thousands of Americans out of business, Bank of America lent insiders more than $624 million—more than doubling the amount loaned to insiders the previous year, the Charlotte Observer reports. Recipients' names were not disclosed, but most of the money likely went... More »

MORE ABOUT:
Bank of America • loan • credit market chaos • Wall Street bailout

 State AGs Probe AIG Bonuses 

Coalition of 19 state officials demands list of AIG bonus recipients

Mar 20, 09 2:01 PM CDT
(Newser) - The attorneys general of 19 states have joined forces to investigate the bonus payments made to AIG employees, the Wall Street Journal reports. In a letter to the firm, the coalition demands a list of all employees of the financial products unit who received bonuses after the government started providing... More »

MORE ABOUT:
investigation • AIG • bonuses • compensation • bailout • attorneys general • Wall Street bailout

(Newser) - By a 328-93 vote, the House today approved a bill that would recover most of the bonus money awarded to executives of bailout-buoyed AIG by taxing it at 90%. The measure drew significant Republican support, and some Democrats made it clear the legislation is an attempt to persuade execs to... More »

MORE ABOUT:
House of Representatives • AIG • House Democrats • House Republicans • bailout • Wall Street bailout • Earl Pomeroy

 House Votes Today 
 on Bonus Clawback 



Bill being rushed through would slap 90% tax on bonuses at bailed-out firms
 

Mar 19, 09 3:51 AM CDT
(Newser) - The House will vote today on a hastily crafted bill to claw back bonuses from executives at AIG and other bailed-out firms, reports the Hill. The bill, drawn up by Democratic tax experts, slaps a 90% tax on bonuses over $250,000 at firms that received $5 billion or more... More »

MORE ABOUT:
Congress • executive compensation • House of Representatives • AIG • bonuses • bailout • Wall Street bailout

(Newser) - All the hubbub around AIG and its bonuses is “a complete farce,” Larry Kudlow writes in the National Review. No one should be surprised that those in charge have “completely bungled” the situation. “The government shouldn’t run anything, because it cannot run anything,” Kudlow... More »

MORE ABOUT:
executive compensation • AIG • credit crisis • bonuses • Obama administration • Wall Street bailout • President Obama • Timothy Geithner • TARP • Larry Kudlow

(Newser) - President Obama will speak today at a town hall meeting in deep-red Orange Country, Calif.—though maybe the “conservative stronghold” tag is weakening, the Los Angeles Times reports. Hundreds swarmed the event site for tickets, even camping out overnight to get them in an area that gave Obama... More »

MORE ABOUT:
Orange County, California • town hall meeting • Obama administration • Wall Street bailout • President Obama • economic downturn

 AIG Bonuses By the Numbers 

NY AG releases breakdown of bonus figures; plans to press AIG for names

Mar 18, 09 8:37 AM CDT
(Newser) - AIG's $165 million in bonuses went 418 different ways, according to one angry attorney general. Other figures released by New York Attorney General Andrew Cuomo, who subpoenaed the firm on Monday:
  • 73 employees received bonuses of $1 million or more
  • 11 of those people no longer work for AIG
... More »

MORE ABOUT:
executive compensation • Andrew Cuomo • AIG • bonuses • bailout • Wall Street bailout

 Geithner: We'll 
 Deduct AIG 
 Bonuses From 
 Next Bailout 

Insurer will be forced to return $165 million, treasury boss says in letter

Mar 18, 09 4:43 AM CDT
(Newser) - Treasury Secretary Tim Geithner promised last night that taxpayers wouldn't be paying a penny toward AIG's massive executive bonuses, Bloomberg reports. He explained in a letter to lawmakers that the government would require the insurer to pay back the $165 million from company operations and that an equal amount would... More »

MORE ABOUT:
executive compensation • AIG • bonuses • bailout • Wall Street bailout • Timothy Geithner

 AIG Used Bailout Cash 
 to Pay Wall Street Debt 

$75B went to banks, municipalities

Mar 16, 09 6:39 AM CDT
(Newser) - More details are emerging after AIG unexpectedly revealed where it channeled bailout funds, the Washington Post reports. More than $34 billion went to AIG Financial Products, whose toxic derivatives brought the parent organization to near collapse last year. The subsidiary used part of that money to pay banks that started... More »

MORE ABOUT:
taxes • AIG • financial crisis • Wall Street bailout • President Obama

 Officials Rage 
 Over AIG Payments 

Insurer reveals who received billions in bailout funds

Mar 15, 09 8:20 PM CDT
(Newser) - Facing lawmakers' fury over massive executive bonuses, AIG revealed today where it shuttled most of its bailout money, the Wall Street Journal reports. About two-thirds of AIG's $173 billion bailout flowed straight to banks like Goldman Sachs and Société Générale—and other companies and municipalities—to pay... More »

MORE ABOUT:
AIG • banks • Edward Liddy • Wall Street bailout

Paparazzi Switch Focus from Britney to Bankers

Public outrage spurs media to cover corporate excess

Mar 13, 09 1:59 AM CDT
(Newser) - Tabloids and TV shows best known for hounding Hollywood stars are turning their cameras to bankers and captains of industry, the New York Times reports. Paparazzi now track corporate jets and snoop on lavish parties held by execs at bailed-out banks, tapping into a deep vein of public anger at... More »

MORE ABOUT:
executive compensation • tabloids • paparazzi • media coverage • bankers • executives • Wall Street bailout

Some Banks Want to Bail
on Bailout

Critics charge growing list of conditions will damage industry

Mar 11, 09 2:20 AM CDT
(Newser) - A growing number of banks are seeking to return or avoid government bailout funds because of the lengthening list of conditions attached to the money, the New York Times reports. Critics say the terms—including modification of mortgages and caps on executive pay—smack of economic engineering. Bankers are especially... More »

MORE ABOUT:
bank • credit crisis • banking • bailout • financial crisis • Wall Street bailout • TARP

 Citigroup Paid Employees 
 $13M for Scrapped Resort Trip 

Bahamas trip for top performers was nixed after spotlight put on bank's spending

Mar 10, 09 5:07 AM CDT
(Newser) - Citigroup employees whose jaunts to the Bahamas were canceled amid scrutiny of the bailed-out bank's spending were paid $13 million in compensation for the scrapped getaway, insiders tell Bloomberg. Sales agents—all 1900 of them—who had been scheduled to stay at a swanky resort were paid $5,000 each,... More »

MORE ABOUT:
Citigroup • executive compensation • bonuses • Smith Barney • Wall Street bailout • TARP

Event Planners Slam Kerry's Bank-Party Ban

Killing big bashes would zap jobs, complain critics

Mar 9, 09 12:34 PM CDT
(Newser) - Event planners say Sen. John Kerry's legislative push to prevent bailed-out banks from throwing big bashes could end up bashing the economy even more, the New York Post reports. It could "hurt a lot of the people the government is trying to help," says an industry rep of... More »

MORE ABOUT:
Congress • John Kerry • club • party • event planners • bill • Wall Street bailout

 Investment Funds 
 May Replace 'Bad Bank' 

Administration eyes creation of private funds to suck up toxic debt

Mar 3, 09 4:50 AM CST
(Newser) - The Obama administration is considering creating multiple investment funds to buy up the toxic debts at the heart of the financial crisis, insiders tell the Wall Street Journal. No fixed structure has been agreed upon, but under one leading plan the funds would be administered by private investment managers who... More »

MORE ABOUT:
Treasury Department • credit crisis • investment fund • bailout • Obama administration • financial crisis • Wall Street bailout • bad bank • toxic assets • TALF

(Newser) - Facing a roughly $60 billion fourth quarter loss—the biggest in corporate history—American International Group is cutting a deal with the feds to stay alive, Reuters reports. If AIG's board approves the agreement tomorrow, Washington will give the insurer another $30 billion in equity and a lower interest rate... More »

MORE ABOUT:
Federal Reserve • AIG • Federal government • Wall Street bailout

OPINION

Outrage Over Bank's Golf Tourney Is Misplaced


Feb 28, 09 3:27 PM CST
(Newser) - “Golf, with its traditional fat-cat image, is an easy target for abuse, some of it deserved,” John Paul Newport writes in the Wall Street Journal. But the recent hubbub over Northern Trust’s sponsorship of a PGA tourney—that bank received $1.6 billion in TARP funds—threatens... More »

MORE ABOUT:
golf • Northern Trust Open • corporate sponsorship • Northern Trust • Wall Street bailout • TARP

UPDATED

 US to Take 36% Stake in Citi 

Treasury will take up to 40% of bank in return for boardroom overhaul

Feb 27, 09 6:57 AM CST
(Newser) - Citigroup and the federal government have reached a deal to boost the US stake in the bank to up to 40%, the parties announced this morning. The deal gives shareholders more protection, but in return, agrees to a Treasury Department demand for an overhaul of the embattled bank's board of... More »

MORE ABOUT:
Citigroup • nationalization • Treasury Department • Vikram Pandit • financial crisis • Wall Street bailout • recapitalization

61 - 80 of 140 Stories | << Prev 1 2 3 4 5 6 7 Next >>


from our news partners