abcnews.go.com - 12/18/2008
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IMAGE: At least one of the banks that received billions of dollars in taxpayer bailout cash appear to have used some of the money to pay executive bonuses, ABC News has learned.
msnbc.msn.com - 12/24/2008
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Wall Street continues to evade answers on TARP money and bonuses
AMERICAblog News| A great nation deserves the truth —
But to be fair to Wall Street (really) it is not as though the implementation of the TARP funds was very clear or effective. Throwing billions around without any conditions or accountability was bound to lead to this problem so we can thanks Lord Paulson once again. Wall Street remains insulated from the fury around the world, including US taxpayers, who are stuck paying for the Wall Street failure. Like other Americans, I have worked for companies that have gone bust and when that happens, there are no bonuses or anything else. It's over. Period. ...
Winter Solstice links, updated regularly today
Maggie's Farm —
Christmas shopping: All I bought yesterday was some wine. Nothing expensive, but I hate to show up at places with nothing in my hand. And it's snowing again this morning. Winter Solstice at Newgrange. Christmastime is mating season? No. Every day is mating time. Not my forefathers' ...
Paul Jenkins: Does Obama Know What He Is Doing?
Politics on HuffingtonPost.com —
"We knew what we were doing." It would be easy to describe Dick Cheney's recent assessment of his time in office as the epitaphic bluster of a deeply failed man. But even as we rejoice at the thought of his departure and the arrival of a man in whom we have invested so much hope, let's not forget that the failure of the past decade was a collective one by our leaders in government and business. That Cheney and George W. Bush are criminals who will sadly not be tried does not negate the fact that there are others, many others, including Democrats and members of the incoming administration, who share responsibility for the country's collapse. ...
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Citi, Morgan Stanley look to sidestep bonus caps: report
reuters.com 3/17/2009 — (Reuters) - Anticipating restrictions on bonuses, officials at Citigroup Inc and Morgan Stanley are exploring ways to sidestep tough new federal caps on compensation, the Wall Street Journal said. Executives at these banks and other financial ...
Report: Goldman, Morgan Stanley, JPMorgan to Repay TARP
calculatedriskblog.com 5/18/2009 — From Bloomberg: Goldman, JPMorgan, Morgan Stanley Said to Apply for TARP Exit Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley applied to repay the combined $45 billion they received in October from the government’s Troubled Asset ...
With Bailout Money At Stake, It's Hip To Be A Bank
tpmmuckraker.talkingpointsmemo.com 12/28/2008 — Maybe TPMmuckraker will reorganize as a bank to get our hands on some taxpayer money. After all, everyone's doing it.
The Project on Government Oversight (POGO), a good-government group, last week sent a letter to Congressional leaders identifying ...
Politics Seen in Bank Bailout Decisions
online.wsj.com 1/22/2009 — As Obama's team revises TARP, it faces criticism of the process for deciding which banks get cash. Some politicians, including Barney Frank, have used leverage to try to direct millions to their home-state banks.
TARP: What Did We Get For Our Money?
tpmmuckraker.talkingpointsmemo.com 1/17/2009 — Remember how, back when Congress was negotiating with the Bush administration over the terms of the bailout, one of the major sticking points was Rep. Barney Frank's insistence that taxpayers receive equity in the companies we were saving, so that we ...
Americans Want Details Before Release of More TARP Funds
gallup.com 1/15/2009 — PRINCETON, NJ -- A majority of Americans (62%) say Congress should block President-elect Obama's request to release the remaining $350 billion in Troubled Asset Relief Program (TARP) funds until more details are provided about how the funds will be ...
Bailout Overseer To Ask Banks To Track Funds
tpmmuckraker.talkingpointsmemo.com 1/23/2009 — Could we finally be headed for a whole new level of transparency and oversight over the bailout funds?
Neal Barofsky, the inspector general for the TARP program, today sent a letter to Sen. Charles Grassley, the ranking Republican on the Finance ...
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