Krugman Says Obama Is ‘Clueless’ About Outrageous Bonuses

Staff / Truthdig Feb 10, 2010 There are few things, we imagine, that could elicit a heartfelt OMG (make that O.M.G., rather) from certified economics whiz and evident adult Paul Krugman, but President Barack Obama's latest take on the egregious and profane bonuses of Wall Street executives has clearly tripped that wire in Krugman's mind. Dig deeper ( 1 Min. Read )

Obama to Banks: It’s Payback Time

Staff / Truthdig Dec 15, 2009 On Monday at the White House, President Barack Obama reminded a group of big banking honchos (or "fat cats," as he called them Sunday) about last year's bailout and advised them to get busy helping the taxpayers who helped with their recovery. Well, good luck with that one. Dig deeper ( 1 Min. Read )

TARP Turns Its Attention to Small Banks

Staff / Truthdig Oct 23, 2009 The government-run TARP program is preparing to shift its focus from large banks -- such as Citigroup, JPMorgan Chase and Bank of America -- to smaller banks, noting that small businesses are still struggling to get access to credit. Dig deeper ( 1 Min. Read )

When They Call, Geithner Answers

Staff / Truthdig Oct 8, 2009 It's unsurprising to say the least: A Freedom of Information Act request has discovered that Treasury Secretary Timothy Geithner is in daily two-way communication with a small group of Wall Street CEOs -- at Citigroup, JPMorgan, Goldman Sachs -- while lawmakers like Rep. Xavier Becerra are forced to leave messages for him. Dig deeper ( 1 Min. Read )

A Graphic Look at the State of Our Economy

Staff / Truthdig Sep 14, 2009 It's been a year since the U.S. economy practically went to Hades in a handbasket, and since then the federal government sure has been busy trying to figure out where to allocate (read: throw) money to sort out the whole mess. Dig deeper ( 1 Min. Read )

Banking Bandits Get Their Reward

Robert Scheer / Truthdig Aug 5, 2009 By now everybody must know that the top banking executives responsible for our economic meltdown have no shame. Otherwise they would not have dared give themselves such hefty bonuses as a deeply perverse reward for actions that caused millions of Americans to lose their jobs and homes. By now everybody must know that the top banking executives responsible for our economic meltdown have no shame. Dig deeper ( 3 Min. Read )

‘Left, Right & Center’: Bonuses, Blue Dogs and Beer

Staff / Truthdig Aug 1, 2009 This week's show covers flagrant shenanigans in the financial world -- could it be that Tony Blankley makes a move toward the left? Meanwhile, lefty Robert Scheer is the surprising deficit hawk in the mix, and Arianna Huffington and Matt Miller clash over whether the absence of a strong public provision in Congress' emerging health plan represents a betrayal of the American people. Also: beer! Dig deeper ( 1 Min. Read )

Is Larry Summers Taking Kickbacks From the Banks He’s Bailing Out?

Staff / Truthdig May 30, 2009 Why did Goldman Sachs, Citigroup and Morgan Stanley steer millions to a company Larry Summers directed while he administered "stress tests" on them? Dig deeper ( 7 Min. Read )

The Clinton Bubble

Robert Scheer / Truthdig Apr 29, 2009 Has Timothy Geithner ever had lunch with a non-megamillionaire who has lost his job or home because of the banking meltdown? I ask that question after reading the list of the treasury secretary’s luncheon dates when he was head of the New York Federal Reserve, a list that the government was forced to provide in response to a lawsuit. Dig deeper ( 4 Min. Read )

You Can’t Teach an Old Predatory Lender New Tricks

Staff / Truthdig Apr 14, 2009 Like an abused spouse, America continues to stand by the banks, hoping they'll change their ways. TARP funds were supposed to trickle down to the average taxpayer, but Congress is now investigating complaints that bailed-out banks such as Bank of America and Citigroup are jacking up interest rates and engaging in predatory lending. Dig deeper ( 1 Min. Read )

A Repairman, Not a Revolutionary

Eugene Robinson / Truthdig Mar 24, 2009 Timothy Geithner has not been a good performer, but he does have a vision. He sees an improved Wall Street, though one not fundamentally different from what we have now. Dig deeper ( 3 Min. Read )

‘Left, Right & Center’: Obama’s Budget, Jindal’s Debut

Staff / Truthdig Feb 28, 2009 Disagreement abounds on this week's episode of "Left, Right & Center," especially when it comes to President Obama's budget plan and the origins of the economic crisis it's intended to remedy. Who's the moderator again? And is Bobby Jindal done for? Dig deeper ( 1 Min. Read )