washingtonexaminer.com - 10/23/2009
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Congress put American taxpayers on the hook for $700 billion last year when it approved the massive bailout to paper over the imprudent lending decisions of nine Wall Street giants: Bank of America, Citigroup, Wells Fargo, JP Morgan Chase, Goldman Sachs, Morgan Stanley, Merrill Lynch, State ...
online.wsj.com - 10/30/2009
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online.wsj.com —
MICHAEL W. MCCONNELL Last week's announcement that "Pay
Czar" Kenneth Feinberg slashed compensation for executives at seven...
large financial firms by an average of 50% stunned Wall Street, stoked the fires of populist resentment, and troubled ...
(more)
Michael W. McConnell: The Pay Czar Is Unconstitutional
usatoday.com - 10/21/2009
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usatoday.com —
"The American people's belief that the funds went
into a black hole, or that there was a...
transfer of wealth from taxpayers to Wall Street, is one of the worst outcomes of this program, and that is the reputational damage to the government," said Neil ...
(more)
Watchdog excoriates execution of TARP
powerlineblog.com - 10/22/2009
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powerlineblog.com —
Today "compensation czar" Kenneth Feinberg announced the Obama
administration's plan to punish executives of companies that received...
TARP money by cutting their compensation by an average of 90 percent: Under the plan, which will be announced ...
(more)
Cut Their Pay and Send Them Home
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Dissecting Leftism —
... Uncovering the bull under the bailout: "Congress put American taxpayers on the hook for $700 billion last year when it approved the massive bailout to paper over the imprudent lending decisions of nine Wall Street giants: Bank of America, Citigroup, Wells Fargo, JP Morgan Chase, Goldman Sachs, Morgan Stanley, Merrill Lynch, State Street and the Bank of NY Mellon. The bailout was essential to save the nation from a complete economic meltdown. Or so insisted President George W. Bush, Treasury Secretary Hank Paulson, Senate Majority Leader Harry Reid and House Speaker Nancy ...
Examiner Editorial: Uncovering the bull under the bailout
Rantburg —
2009-10-24 Home Front: Politix Examiner Editorial: Uncovering the bull under the bailout "The U.S. Government Accountability Office questions whether the bailout saved anything other than the jobs of greedy Wall Street executives and the political hides of their protectors in government." Posted by Fred 2009-10-24 00:00|| ...
Larwyn's Linx: The Most Monumental Power Grab You Never Heard About
Doug Ross @ Journal —
The Daily Grind
Weekly Standard Blog —
... "Treasury Department's failure to implement anti-fraud measures, or even to require TARP recipients to report how they used the billions Congress and the Treasury Department gave them, makes it highly unlikely that the $317 billion outstanding -- nearly half the TARP total -- will ever be returned to taxpayers." ...
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americanfreepress.net 10/4/2009 — ‘TARP’ Turning Out to Be Largest Taxpayer Swindle in U.S. History rss202 CONGRESS AND THE WHITE HOUSE have been busy lately patting themselves on the back for staving off financial armageddon by handing out taxpayer money to Wall Street like it was ...
TARP Profit: The Lies Get Bigger and Bigger
reason.com 9/3/2009 — Cherry-picked news doesn't come much cherrier than the tale of the TARP profits. If you believe The New York Times, the eight strongest banks covered in the Troubled Asset Relief Program (that's the $700 billion bailout approved last October) have ...
TARP Report – “We don’t even know where the money went”
qando.net 10/22/2009 — S o let’s give them health care too!
Sorry, couldn’t help myself. The quote in the title is from Democratic Representative Daniel Lipinski of IL. It’s a good preface to a Treasury Department Inspector General report issued today ...
Thune: Time for a TARP Exit Strategy
online.wsj.com 10/5/2009 — JOHN THUNE A year ago our country was in the midst of a serious crisis, with large financial institutions teetering on the edge of bankruptcy. There was a very real danger credit markets would freeze and the economy would grind to a halt. Faced with ...
Quick, Spend the Money Before the Taxpayers Find Out!
powerlineblog.com 7/2/2009 — Byron York catches Barney Frank with his hand in the till. The issue is TARP: recall that the banks that received TARP money are supposed to repay it to the Treasury, along with dividend payments. President Obama has held out hope that the taxpayers ...
Matt Taibbi - Taibblog – Bailout Propaganda Begins
trueslant.com 9/1/2009 — Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again. via As Biggest Banks Repay Bailout Money, ...
Treasury Inc.: The Shadow National Debt
volokh.com 10/20/2009 — (SPOILER…This post describes how most of the NATIONAL DEBT and BUDGET DEFICIT is being FRAUDULENTLY HIDDEN by the OBAMA ADMINISTRATION)
It has been a rare opportunity to share with this forum my new paper, Treasury Inc.: How the Bailout ...
Why Wall Street Reform is Stuck in Reverse
huffingtonpost.com 10/22/2009 — At a conference in London, a Goldman Sachs international adviser, Brian Griffiths, praised inequality. As his company was putting aside $16.7 billion for compensation and benefits in the first nine months of 2009, up 46 percent from a year earlier, ...
Why Wall Street Reform is Stuck in Reverse
tpmcafe.talkingpointsmemo.com 10/22/2009 — At a conference in London, a Goldman Sachs international adviser, Brian Griffiths, praised inequality. As his company was putting aside $16.7 billion for compensation and benefits in the first nine months of 2009, up 46 percent from a year earlier, ...
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