Produce the Note

Amy Goodman / Truthdig Feb 4, 2009 Rep. Marcy Kaptur has a solution for beleaguered homeowners facing foreclosure: Dare Wall Street to produce the loan note that was bundled, securitized, sold and resold. Dig deeper ( 3 Min. Read )

Biden Says Banks May Get More, More, More

Staff / Truthdig Jan 26, 2009 The vice president let it slip Sunday that the $700 billion TARP bailout bill could have a sequel Also, Nancy Pelosi indicated that Congress might dole out more funds to financial institutions Let's see, that's $700 billion on TARP, $850 billion for the still-pending stimulus package, plus the mysterious billions they're tossing around at the Federal Reserve Here's hoping China doesn't cut up our national credit card. Dig deeper ( 1 Min. Read )

Post-Bailout, Lobbying Continues

Staff / Truthdig Jan 23, 2009 Without skipping a beat, once-troubled financial entities are continuing to spend big to lobby Congress as they pocket billions in TARP bailout money. The lobbying is defended by the bail-outted firms as a "transparent and effective way" to be heard on policy issues. Dig deeper ( 1 Min. Read )

Geithner Urges ‘Fundamental Reform’ in Bailout

Staff / Truthdig Jan 21, 2009 It's the first full day of Obama's administration and things are looking a bit different in D.C. Treasury secretary nominee Timothy Geithner called for "fundamental reform" of the $700 billion bailout, claiming the existing bailout package favored big business over struggling families. Dig deeper ( 1 Min. Read )

Time to Get to Work

Robert Scheer / Truthdig Jan 21, 2009 Tuesday was welcome theater, as profound as it gets -- but today, as Obama has declared, begins a new era of responsibility and accountability. Dig deeper ( 3 Min. Read )

Congress Sings the Bailout Blues

Staff / Truthdig Jan 19, 2009 Want to know where the $350 billion banking bailout went and why it hasn't done a bit of good? Read, and weep over, this little-noticed report from the congressional panel set up to monitor the Treasury Department's distribution of our taxpayer funds. Dig deeper ( 6 Min. Read )

Bailout a Boon for Bankers

Staff / Truthdig Jan 18, 2009 So, the government forks over a ton of money to flailing banks and, naturally, their customers (i.e., taxpayers) might expect to gain something from this helpful transaction as well, right? Guess again, customers. Dig deeper ( 1 Min. Read )

Here Comes the Change

Bill Boyarsky / Truthdig Jan 14, 2009 Like many other people, I’d like to party all week when Barack Obama is sworn in as president. But this isn’t the year for it, not with unemployment rising and fear spreading through the land. Dig deeper ( 4 Min. Read )

Obama Threatens to Use Veto Against Bailout Dissent

Staff / Truthdig Jan 14, 2009 Barack Obama made sure that anyone who might oppose his plan for rolling out the next part of the $750 billion bailout package understands that he means business: In a meeting Tuesday on Capitol Hill, he threatened to veto a possible disapproval resolution, according to Democratic senators who met with him. Dig deeper ( 1 Min. Read )

Obama Says He’ll Spend Some Bailout Money on Homeowners

Staff / Truthdig Jan 13, 2009 With half of the $700 billion in TARP funds already spent and not a whole lot to show for it, Barack Obama has pledged to spend the second parcel differently, with at least some of the money going to desperate homeowners. President Bush has agreed to request the funds on Obama's behalf in order to expedite the process. Dig deeper ( 1 Min. Read )

Workers Laid Off, Executives Paid Off, Bernard Madoff

Amy Goodman / Truthdig Dec 17, 2008 Bernard Madoff's criminal pyramid scheme, in which losses are expected to be $50 billion, paints a grim picture -- unless you are a corporate executive. Read the fine print. Of the TARP bailout funds, only those that were technically spent "in an auction" carry limits on executive pay. Dig deeper ( 3 Min. Read )

A ‘TARP’ to Cover Detroit

Staff / Truthdig Dec 13, 2008 The White House has shifted from its original position to state that it now is willing to consider using bailout funds from the $700-billion Troubled Asset Relief Program, or TARP, to keep the country's top three automakers afloat. The announcement comes after negotiations in Congress to provide a $14-billion bailout to Detroit broke down. Dig deeper ( 1 Min. Read )