Big Money for Goldman Sachs
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.
Goldman Sachs Execs Dumped Stock Like Crazy
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.
Foreclosure Fiasco
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.LRC: Iran on the Brink, Financial Regs, Health Care Snag
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 .LRC: Iran, Big Bank Payback, Reregulation and Health Care
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.
A Republican to Save Us
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.
Some Banks to Repay Bailout Funds
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.
Thievery Under the TARP
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.
Treasury Covers for Stingy Banks
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.
