Tag: bailout
Reed Says ‘I’m Sorry’ for Role in Creating Citigroup (Update1) – Bloomberg.com
“When you’re running a company, you do what you think is right for the stockholders. Right now I’m looking at this as a citizen.”
When you pick private interests over what’s right for the country, isn’t that treason?
The Value of the “Too Big to Fail” Big Bank Subsidy | Dean Baker and Travis McArthur
‘Too Big to Fail’ banks have nearly a one percent advantage over small banks, a $34 billion dollar subsidy.
This piece deals with one of the many consequences of the bail out.
Living Large: Wells Fargo Executive Squats in Foreclosed House | WSJ
Wells Fargo has worked with only 11% of troubled home owners to prevent foreclosure. Now this. Hmmmm…..
P.S. Make sure you look at the pictures of the house.
Slipping off the Grid, or, How to Start A Revolution Without Even Trying | Peter Mehit
The sixth person we know personally is about to lose their home. We know a lot of small business owners and they are being crushed out of existence between unmanageable debt and evaporating customers. How far they will go down, since the number of jobs employing their college educated skills is trending to zero, we do not know, but they are no longer property owners. This is bad for all of us.
Continue reading “Slipping off the Grid, or, How to Start A Revolution Without Even Trying | Peter Mehit”
Some U.S. bank pay unmoored from performance: Cuomo | Reuters
Most people who know me know I’m a pretty optimistic guy. Then this comes along. There’s no fixing it.
NEW YORK (Reuters) – Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.
Dispatches From The Front 