Tags / financial crisis
Report: Jamie Dimon could replace Geithner
America Blog 22 hours agoIf nothing else, it's interesting to see someone testing the waters. Geithner remains highly unpopular in Congress, the public and even with Obama supporters.
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Subsidizing Debt
Andrew Sullivan The Daily Dish 4 days agoSurowiecki wants to reform the tax system: A debt-ridden economy is inherently more fragile and more volatile.
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Greedy Wall Street executive defends massive bonuses
America Blog 6 days agoYeah, I know. Water is wet. Thain has to be one of the more repulsive slugs who slimed along on Wall Street.
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UK proposes new tax on banks, Geithner rejects
America Blog Nov 08 09The "Tobin Tax" has been kicked around a lot lately as one possible option. France and Germany were recently promoting the idea and now, the UK has come on board.
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US guaranteed $4.3 trillion during financial crisis
America Blog Nov 06 09It saved the overall economy from something much worse and for Wall Street, it saved them from complete ruin.
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Good times on Wall Street - $117.6 billion set aside for bonuses
America Blog Nov 04 09And the year isn't even over yet. Ahh yes, lessons learned starting with "let them rot and go bankrupt next time.
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Clotheslines or dryer?
America Blog Oct 27 09Interesting read in the Times today by a number of people who are discussing the environmental and practical issues related to clothes drying.
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Wealthy Germans want to pay more taxes to help recovery
America Blog Oct 24 09Let's just say you don't see petitions like this ever day. They are taking their petition which has been signed by a few dozen wealthy Germans and will deliver it to Chancellor Angela Merkel.
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Federal Reserve proposes to monitor banker pay
America Blog Oct 22 09Perhaps, but does anyone out there really trust Bernanke? For that matter, Geithner would be included as well since he was in charge of the NY Fed last year during the bailout.
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Why the crazy right never understood a problem existed
America Blog Oct 05 09And keeping one of the critical team members (who some might suggest is a liar) surely didn't help. These people still think there was never a problem and failing to hammer away at the reality is still costing Obama.
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Obama finally slams banks
America Blog Sep 21 09It's certainly not related to the central problems caused by the banks nor is it related to the outrageous bonuses that they have reinstated but it's a start.
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SEC takes a few more 'baby steps' towards regulation
America Blog Sep 18 09Flash trading makes up a small percentage of trades though it hardly sounds fair. As an outsider it sounds like gaming the system with whoever has the fastest computer.
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Financial crisis inquiry to begin
America Blog Sep 18 09It's a start though the moment seems to have passed in Washington. With more problems ahead for the banks (such as commercial real estate and increasing unemployment) this should help move along the process.
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Stiglitz: "For all Obama's talk of overhaul, the US has failed to wind in Wall Street"
America Blog Sep 14 09Nobel economist Joe Stiglitz writing in the Guardian::
Unquestionably we should not have allowed banks to become so big and so intertwined that their failure would cause a crisis.
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Obama to nicely ask Wall Street to act responsibly
America Blog Sep 14 09Maybe when you spend your vacation golfing with bank CEOs or hand out the best foreign ambassador positions to bankers who are of course, your largest campaign contributors you hear a different side to the Wall Street collapse story.
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The future of car buying: Don’t supersize me
Wicked Gay Blog Sep 11 09Big cars, SUV's and trucks are out. Smaller ones that offer more for your dollar are in. And many drivers will hang onto the new cars they buy longer.
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Natalie Portman: “Recession Is Exciting”
EyeGossip.com Sep 01 09There’s nothing like an economic downturn to really get the creative juices flowing. “Obscene hip-hop lover” Natalie Portman has pointed out a silver lining in the financial crisis that has left millions jobless, foreclosed, and leaving hand to mouth — people are being more creative.
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Newsweek: Bernanke victim of identify fraud
America Blog Aug 27 09Maybe there's something to this little problem after all. Newsweek:
If ever there were living proof that identity theft can strike the mighty and powerful as well as hapless consumers, look no further than the nation's chief banker: Ben Bernanke.
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UK discussing tax against 'socially useless' banks
America Blog Aug 27 09A good plan but like other proposals out there, this needs to be coordinated around the world or else it will go nowhere.
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Obama will appoint Bernanke to second term as chair of Fed
America Blog Aug 24 09This news just broke:
President Obama plans to nominate Ben S. Bernanke to a second term as chairman of the Federal Reserve, administration officials said Monday night.
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