Staff / TruthdigNov 29, 2011
A federal judge will not accept the SEC's settlement with Citigroup for defrauding its customers of more than $700 million in just one of the firm's lousy investment opportunities. (more)A federal judge will not accept the SEC's settlement with Citigroup for defrauding its customers of more than $700 million in just one of the firm's lousy investment opportunities. Dig deeper ( 2 Min. Read )
Robert Scheer / TruthdigAug 12, 2009
“Was there some sort of ghost that performed these actions?” New York federal Judge Jed S. Rakoff demanded to know Monday in rejecting a deal that would let Bank of America off the hook in yet another banker bonus scandal.The average American is paying for the banking debacle not only in taxes for the bailout but with lost jobs and homes. Dig deeper ( 4 Min. Read )
Staff / TruthdigMay 13, 2009
AIG CEO Edward Liddy defended his enfeebled company on Capitol Hill Wednesday, yet claimed that even $180 billion in taxpayer money has only "reduced, but not eliminated the systemic risk [toxic assets] that AIG presents to the global financial system." Dig deeper ( 1 Min. Read )
Join our newsletterStay up to date with the latest from Truthdig. Join the Truthdig Newsletter for our latest publications.
E.J. Dionne Jr. / TruthdigApr 2, 2009
The president's plan to bail out the banks reveals a deference to the existing financial system that puts him at odds with Nobel Prize-winning economists Paul Krugman and Joseph Stiglitz. Dig deeper ( 3 Min. Read )
Staff / TruthdigMar 23, 2009
What a deal! Timothy Geithner's new plan to save the banks from themselves commits American taxpayers to a massive purchase of the toxic assets that the banks had originally insisted were risk-free investments. Of course, Wall Street loved the news. Update Dig deeper ( 1 Min. Read )
Join our newsletterStay up to date with the latest from Truthdig. Join the Truthdig Newsletter for our latest publications.
Now you can personalize your Truthdig experience. To bookmark your favorite articles and follow your favorite authors, please login or create a user profile.
Now you can personalize your Truthdig experience. To bookmark your favorite articles and follow your favorite authors, upgrade to supporter.