Not Really a Lifeline for Homeowners?

Staff / Truthdig Sep 2, 2009 John Dunbar of the Center for Public Integrity has analyzed the Obama administration's home loan modification program, which aims to keep troubled borrowers in their homes, and finds it "highly problematic."Analyst John Dunbar finds the administration's home loan modification program "highly problematic." Dig deeper ( 1 Min. Read )

Big Money for Goldman Sachs

Staff / Truthdig Jul 15, 2009 Fresh off the bailout, Goldman Sachs raked in $3.44 billion in net profit this quarter, beating analysts' already high expectations, and the firm's success will pay off for employees in the form of generous bonuses. Not surprisingly, pro-Goldman types think this is all good news. Dig deeper ( 1 Min. Read )

Goldman Sachs Execs Dumped Stock Like Crazy

Staff / Truthdig Jul 14, 2009 Goldman Sachs is expected to announce a windfall quarter, thanks no doubt to billions in bailout money, but many people at the firm aren't puffing their chests out. According to the Financial Times, Goldman executives dumped close to $700 million in stock between September 2008 and April 2009 -- after taxpayers came to the rescue. Dig deeper ( 1 Min. Read )

Foreclosure Fiasco

Robert Scheer / Truthdig Jun 24, 2009 The Bush-Obama strategy of throwing trillions at the banks to solve the mortgage crisis is a huge bust. The financial moguls, while tickled pink to have $1.25 trillion in toxic assets covered by the feds, along with hundreds of billions in direct handouts, are not using that money to turn around the free fall in housing foreclosures. Dig deeper ( 3 Min. Read )

LRC: Iran on the Brink, Financial Regs, Health Care Snag

Staff / Truthdig Jun 20, 2009 This week's episode of "Left, Right & Center" takes a look at the doings in Iran and US involvement there, with Truthdig Editor Robert Scheer recalling his interview of a CIA agent who said he organized the 1953 coup in that country Other topics include two hot issues on the domestic side -- U regulatory proposals and health care . Dig deeper ( 1 Min. Read )

LRC: Iran, Big Bank Payback, Reregulation and Health Care

Staff / Truthdig Jun 13, 2009 This week on "Left, Right and Center" the gang tackles three big questions: What do today's Iranian elections mean in the polarized theocracy? What’s going on in the banking world and with the alleged TARP paybacks? And finally, given the partisan divide, will public health care ever become a viable option in the U.S.? Tune in to find out. Dig deeper ( 1 Min. Read )

A Republican to Save Us

Robert Scheer / Truthdig Jun 10, 2009 You probably don’t know much about Sheila Bair, but she is looking out for you, and that is why the big guys on Wall Street and their allies in the Obama administration are out to get her. Dig deeper ( 4 Min. Read )

Some Banks to Repay Bailout Funds

Staff / Truthdig Jun 9, 2009 Some of the country's major banks are prepared to pay back money they borrowed under the TARP program, but don't get too excited. The initial repayment is expected to be a meager $50 billion, which Timothy Geithner wants to inject right back into other troubled banks. Dig deeper ( 1 Min. Read )

Thievery Under the TARP

Robert Scheer / Truthdig Apr 22, 2009 We are being robbed big-time, but you can’t say we haven’t been warned. Not after the release Tuesday of a scathing report by the Treasury Department’s special inspector general, who charged that the aptly named Troubled Asset Relief Program is rife with mismanagement and potential for fraud. Dig deeper ( 3 Min. Read )

Treasury Covers for Stingy Banks

Staff / Truthdig Apr 20, 2009 President Obama has said he doesn't want public money going into a "black hole," but his administration's bank bailout looks more and more like an abyss of cosmic proportions. Not only are the bailed-out banks lending less than before, the Treasury Department appears to be engaging in creative math to obscure the gravity of the situation. Dig deeper ( 1 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 )

The Best Investment Money Can Buy

David Sirota / Truthdig Apr 10, 2009 In the last decade, the financial industry's $5 billion investment in campaign contributions and lobbyists resulted in deregulation and boatloads of free money. By Bloomberg News' account, $12.8 trillion worth of taxpayer loans, grants and guarantees -- all to Wall Street. Dig deeper ( 3 Min. Read )