Bailout Bill

MarketWatch's Top Stories Of The Week, Nov. 16-20

By By MarketWatch| MarketWatch| Other Stories

… the Federal Deposit Insurance Corporation and Elizabeth Warren who leads Congress's oversight for the $700 billion bank bailout package have been leading the charge for meaningful reform in the face of resistance from the old boy network. Read David …

Story|11/20/2009

Bank of America, Stimulus Jobs - Week in Review: November 16-20, 2009

By By Erik Berte and Julia Limitone| FOXBusiness| Markets

… watchdog, Neil Barofsky, said there was more officials at the Federal Reserve could have done to reduce the costs of the AIG bailout . The Special Inspector General for the TARP program said the Fed missed opportunities to lessen taxpayer exposure, failing to …

Story|11/20/2009

A Tale of Two Bankruptcies: The Bitter End, or A New Beginning?

By By Darryl R. Isherwood| FOXBusiness| Markets

… that we would have not have recovered from for a long, long time.” The government is on the hook for some $15 billion in bailout funds with GM, a lifeline that then Treasury Secretary Hank Paulson and the Bush Administration refused to extend to Lehman. Timing …

Story|11/20/2009

Same as the Old Boss? Bove Says Lewis May Stick Around

By By Darryl R. Isherwood| FOXBusiness| Markets

… accused Lewis and other company brass of overstating the bank’s intent to pull out of the deal in an attempt to wheedle bailout money from the government. Shares of BofA are flat at $16.06 Friday morning.

Story|11/20/2009

Bankers Say Crisis Lessons Must be Taken to Heart

Reuters| Markets

… has required billions of euros in taxpayer money for bailouts. Ackermann, who has backed the creation of an international bailout fund, said the state would have to be involved in such as fund because the resources required were so great. His remarks …

Story|11/20/2009

New H-1B hiring bill takes aim at tech firms

By By Patrick Thibodeau| IDG.net| Personal Finance

… By Patrick Thibodeau IDG.net The two lawmakers who successfully added H-1B hiring restrictions to the financial bailout bill earlier this year have introduced legislation that would bar any firm that lays off 50 or more workers from hiring …

Story|11/20/2009

Taxpayers May Not Be Activist Shareholders, but Goverment Is

By By Dunstan Prial| FOXBusiness| Markets

… meetings,” Ward added. Three of the biggest recipients of bailout dollars – Bank of America, AIG and Citigroup – said in response ..... executives at companies that received significant amounts of bailout money. Clearly aware of public sentiment toward Wall Street …

Story|11/19/2009

Geithner, Under Fire, Defends Bailout of AIG

Reuters| Markets

… Geithner defended Thursday the costly bailout of AIG and urged swift regulatory reform ..... basically duct tape and string." The AIG bailout has been become a symbol of voter outrage ..... Street and the government's $700 billion bailout fund, complicating the White House …

Story|11/19/2009

Looking Back: What If Banks Had Been Nationalized?

By By Matt Egan| FOXBusiness| Markets

… difficult to go back to the bank being a privately-held company.” Struggles at BofA, which received a huge government bailout , to find a new CEO underscore another problem with government intervention: recruitment. “We already have a problem recruiting managers …

Story|11/19/2009

Five reasons we are right for hating Goldman Sachs « The Cody Word

The Cody Word

… outrage at Goldman Sachs is misplaced". 1. The AIG bailout was a covert bailout of Goldman and we want our money back. Every dime ..... billion of taxpayer money to Goldman Sachs via the bailout of AIG. We want every dime of the AIG counterparty …

Blog|11/19/2009