oxdown.firedoglake.com - 12/3/2008
—
On November 23, 2008 , the Fed with participation by the Treasury and FDIC announced a rescue plan for what has been the nation’s largest banking concern Citigroup. The company has seen a drop in its share price in the last year from a high of $57.40 to a low of $2.91. Part of this reflects bad ...
oxdown.firedoglake.com - 12/1/2008
—
oxdown.firedoglake.com —
Surely no one really believes the US taxpayer
should pay off the winnings of rank speculators ,
including the traders in credit default swaps. I offer a modest proposal for fixing the problem: a tax on each gambling transaction of 80%. The Treasury ...
(more)
Oxdown Gazette » A Modest ...
Comments
Blog Reactions
Why Nationalizing GM and Citi Makes Sense
Firedoglake —
... . The government basically guaranteed about 250 billion dollars of bad Citi debt, in exchange it received 7 billion of preferred shares without voting rights, paying 8% dividends (less than the 10% Buffet got). Warrants were also given, at a price about 4 times what Citi was trading at at the tme. ...
Ian Welsh: Why Nationalizing GM and Citigroup Makes Sense
Politics on HuffingtonPost.com —
... . The government basically guaranteed about 250 billion dollars of bad Citi debt, in exchange it received 7 billion of preferred shares without voting rights, paying 8% dividends (less than the 10% Buffet got). Warrants were also given, at a price about 4 times what Citi was trading at at the tme. ...
Related Content
Oxdown Gazette » Jan Schakowsky for Senate
oxdown.firedoglake.com 11/6/2008 — In the next few weeks Rod Blagojevich, the Governor of Illinois will choose Barack Obama’s replacement in the United States Senate. Thankfully a number of progressive candidates have already tossed their names into the ring. However none would top ...
Oxdown Gazette
oxdown.firedoglake.com 4/6/2009 — ice climbing in a big freezer I know Aunt Toby always sounds a bit like the ant in the fable who ends up with the frozen grasshopper at his front door, but thinking ahead is always a good idea. So, we’re going to take a tour of Aunt Toby’s freezer and ...
Oxdown Gazette » al Zaidi Torture Confirmed by Brother
oxdown.firedoglake.com 12/23/2008 — ...Montather told him that he was tortured with electric shock after being stripped naked, and that he was continuously humiliated and tortured throughout the period of detention, and that he had bruises all over his face and body, and that members of ...
Oxdown Gazette » Are Cluster Bombs Falling on Gaza Today?
oxdown.firedoglake.com 1/4/2009 — Eyewitnesses reported that new shells explode before landing on the targets making more small bombs. The shells are expected to be cluster bombs. More Israeli new weapons are used today. Palestinians in Khan Yonis massively called the radio stations ...
The Citigroup bailout
marginalrevolution.com 11/24/2008 — Lots of opinions. Ugh. Arnold Kling says ugh too, with this good line: "...the employment benefit of infrastructure projects is more likely to go to the illegal immigrants who were laid off from housing construction and who otherwise would be...
The Citigroup Bailout
economistsview.typepad.com 11/24/2008 — It's bailout time. Let's start with Paul Kedrosky: Good Bank, Bad Bank, and F---ed Bank : Apparently Citibank and the U.S. government (i.e., we taxpayers) have reached a deal whereby we will backstop something like $300-billion in screwed assets on ...
Oxdown Gazette » Obama, Arnold, & DiFi in NO on Prop 8 Ad
oxdown.firedoglake.com 11/2/2008 — Hours after the Proposition 8 campaign admitted it had mailed a flyer to African-American voters that lies about Sen. Barack Obama's position on the initiative, the NO on 8 Campaign launched a statewide television ad reminding voters that Sen. Obama, ...
Oxdown Gazette » John McCain’s Voter Suppression Committee
oxdown.firedoglake.com 10/15/2008 — Cameron Quinn, who was a director of the Republican voter suppression front group, the American Center for Voting Rights. California Secretary of State Bill Jones, who has long fought for ways to make it more difficult for people to vote. Susan ...
The 'outrageous' Citigroup bailout
washingtonmonthly.com 11/24/2008 — THE 'OUTRAGEOUS' CITIGROUP BAILOUT.... Following up on Hilzoy's item from late yesterday, Paul Krugman notes this morning that a Citigroup bailout, under the circumstances, may have been worthwhile, but this bailout is outrageous: "a lousy deal for ...
Follow BeltwayBlips on Twitter
