Donald Trump and the Next Crash: Making the Fed an Instrument for Disaster

Nomi Prins / TomDispatch Apr 30, 2018 There’s a crucial institution in Washington that few in the media seem to be paying attention to, even as President Trump quietly makes it his own. Dig deeper ( 9 Min. Read )

A Treasury Department Fail, ‘SNL’ Takes on Biden, and More

Tracy Bloom / Truthdig Jan 29, 2013 A look at the day's political happenings, including a bipartisan agreement reached on immigration reform and Obama and Clinton give a joint interview on "60 Minutes." A look at the day's political happenings, including a bipartisan agreement reached on immigration reform and Obama and Clinton give a joint interview on "60 Minutes." Dig deeper ( 3 Min. Read )

Obama Picks Next Treasury Secretary, Jon Stewart Weighs In on Guns, and More

Tracy Bloom / Truthdig Jan 10, 2013 A look at the day's political happenings, including AIG's decision on whether to join a lawsuit against the government over the financial crisis bailout and the White House's response to a petition to deport Piers Morgan. Dig deeper ( 3 Min. Read )

Everybody Hates John Boehner, Piers Morgan and Alex Jones Face Off, and More

Tracy Bloom / Truthdig Jan 9, 2013 A look at the day's political happenings, including Gabrielle Giffords' new PAC, Elizabeth Warren admonishing AIG and Nate Silver talking politics and data analysis on Reddit. Dig deeper ( 3 Min. Read )

AIG’s Big ‘Screw You’ to America

Tracy Bloom / Truthdig Jan 9, 2013 In the ultimate act of corporate greed, the insurance giant--which received a bailout from the government to the tune of $182 billion--is showing what a truly unscrupulous and morally bankrupt organization it is by mulling whether to join a lawsuit against Uncle Sam over unfair bailout terms. Dig deeper ( 2 Min. Read )

The Natural Gas Bubble

By Thomas Hedges, Center for Study of Responsive Law Jan 5, 2013 The natural gas industry is waging an aggressive public relations campaign to bolster investor confidence, despite evidence showing that shale gas is an unreliable resource and that the production process releases large amounts of methane into the atmosphere. The natural gas industry is waging an aggressive PR campaign to bolster investor confidence, despite evidence that the production process releases large amounts of methane into the atmosphere. Dig deeper ( 5 Min. Read )

Treasury Projects a Profit From Bailout

Staff / Truthdig Apr 16, 2012 Just as Mitt Romney has locked up the Republican nomination on a boast of fiscal conservatism, President Obama's Treasury Department has said it expects to turn a tidy $2 billion profit from TARP and other extraordinary measures taken to bail out the financial industry. Dig deeper ( 1 Min. Read )

Truthdigger of the Week: Greg Smith

Staff / Truthdig Mar 16, 2012 Yes, as a high-level executive for Goldman Sachs for more than a decade, Greg Smith was part of the toxic culture he decried in the resignation letter printed in Wednesday's New York Times and re-posted around the world. Thus, he was part of the problem. Dig deeper ( 3 Min. Read )

AIG Chairman Looks Down His Nose at OWS

Staff / Truthdig Nov 17, 2011 The chairman of AIG, which is now majority owned by the United States Treasury thanks to a $182.3 billion bailout, was on Bloomberg TV, appropriately enough, when he declared that the "Occupy Wall Street crowd" has "a very simplistic view of things." Dig deeper ( 1 Min. Read )

A Road Map to Economic Armageddon

By John B. Taylor Jun 3, 2011 In "Reckless Endangerment," Gretchen Morgenson and Joshua Rosner argue that cozy connections between government and the financial industry were the primary cause of the financial crisis. Dig deeper ( 3 Min. Read )

Geithner and Goldman, Thick as Thieves

Robert Scheer / Truthdig Jun 1, 2011 What was Timothy Geithner thinking back in 2008 when, as president of the New York Fed, he decided to give Goldman Sachs a $30 billion interest-free loan as part of an $80 billion secret float to favored banks? The sordid details of that program were finally made public this week in response to a court order for a Freedom of Information Act release, thanks to a Bloomberg News lawsuit.Oh yes, what did Goldman do with that taxpayer money it borrowed back in 2008? Dig deeper ( 4 Min. Read )

The False Debate on the Debt

Robert Scheer / Truthdig Apr 13, 2011 In the ever-so-smug company of the rich and powerful, it is a given that there is never to be any expression of remorse or other acknowledgement of the pain they have inflicted on the lesser mortals they so cavalierly plunder. There is currently no shortage of corporate profits or excessive executive compensation to explain away the failure of the private sector to create jobs. Dig deeper ( 4 Min. Read )