Bailout

Journalist to GOP: You're 100 Percent Wrong About U.S. Automakers

Diane Tucker | Posted 11.18.2008 | Business

Read More: Chapter 11, George Bush, Harley-Davidson, Toyota, Alan Mulally, Rick Wagoner, Honda, Diane Tucker, Recession, Barack Obama, Ford Motor Co, Detroit Automakers, Chevrolet Volt, Bailout, General Motors, Economic Recession, Recession Fears, Tariffs, Financial Crisis, Peter De Lorenzo, Richard Shelby, Auto Industry, John McCain, GM Bankruptcy, Fuel Efficiency, Green Cars, Foreign Car Industry, Foreign Cars, Fuel Efficient Cars, Imported Cars, Gm Chapter 11, Congressional Bailout, Business News
Diane Tucker

"People who say the U.S. doesn't innovate are woefully out of touch with Detroit's standing in this business."

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Risking Our Best Talent

Penny Herscher | Posted 11.18.2008 | Business

Read More: Financial Crisis, Wall Street Bailout, Wall Street Crisis, Bailout, Wall Street, Wall Street Bonuses, Finance, Business News
Penny Herscher

It's a common adage in my world that A players hire A players and B players hire B and C players. Talent is everything.

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The Bair Necessities

Mark Winston Griffith | Posted 11.18.2008 | Business

Read More: Mortgage Relief, Bailout, Subprime Mortgage Response, Subprime Mortgage Crisis, Economy, Business News
Mark Winston Griffith

As reports emerge that FDIC chair Sheila Bair is being considered for Treasury Secretary, I am transported to a point in time over a year ago, when Ba...

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America: get your financial act together

Diane Francis | Posted 11.18.2008 | Business

Read More: Ayatollahs, U.S. Economy, Meltdown, Economy, U.S. Treasury, Federal Reserve, Credit Default Swaps, Global Crisis, Global Rescue Effort, g20, U.S. Recession, Housing Crisis, Fraud, Aig, Iran, Wall Street Crisis, Worldwide Recession, Wall Street, Bailout, Atomic Bombs, u.s. Economy Problems, Real Estate Bubble, Skullduggery, Financial Crisis, Banking Crisis, Crisis, Global Financial Crisis, Tech Bubble, Business News
Diane Francis

America must smarten up. The global economy has crashed and the cause must be determined to prevent another. My concern is that the big problem facin...

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The Gathering Credit Card Storm

Sen. Robert Menendez | Posted 11.18.2008 | Business

Read More: Rescue Plan, Congress, Bailout, Bob Menendez, Economy, Economic Crisis, Banks, Banking Crisis, Credit Cards, Robert Menendez, Business News
Sen. Robert Menendez

We can't afford to watch consumers' finances dragged down by unfair credit card practices. It wouldn't be fair in any situation, but at a time of such national financial turmoil, it's an even bigger threat to our economy.

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Botching the Bailout

The Media Consortium | Posted 11.18.2008 | Business

Read More: Neel Kashkari, Dennis Kucinich, Government Bailout, Bailout, Financial Crisis, Crony Capitalism, Business News
The Media Consortium

The Bush administration is squandering hundreds of billions of dollars on incompetence again -- the whole thing is beginning to look a little too much like Iraq.

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How Bankruptcy Would Benefit GM

US News And World Report | Posted 11.18.2008 | Business

Read More: Economic Bailout, Automakers, General Motors, Wall Street Crisis, Bailout, Gm, Detroit, Oil Prices, Business News

Is the Midwest about to tumble into Lake Erie? Sure sounds that way. With General Motors teetering at the edge of insolvency, the company's backers a...

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Bridge Loan to Nowhere or Bridge Loan to the 21st Century?

Randi Rhodes | Posted 11.18.2008 | Politics

Read More: Politics, Automaker Bailout, Bailout, Randi Rhodes, Economy, Bridge to Nowhere, Auto Workers, Business, Bush Economy, Big Three Automakers, Lame Duck Sessions, Bush Administration Economy, Auto Industry Bailout, Socialism, Jack Quinn, Politics News
Randi Rhodes

Should Congress find the votes to take back at least $25 billion and loan it to the auto industry, they ought to attach it to a long list of demands that need to be set down in writing.

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The Big Heist

David Sirota | Posted 11.18.2008 | Politics

Read More: Henry Paulson, Banking Crisis, Financial Crisis, Bailout, Politics News
David Sirota

If we are to believe this story taxpayers were forced to give away hundreds of billions of dollars to banks that actually weren't experiencing nearly the credit crisis they and our government officials claimed.

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Lawmakers press Paulson on bailout plan changes

AP | JEANNINE AVERSA | Posted 11.18.2008 | Business

Read More: Bailout, Finance, Economy, Banks, Financial Crisis, Henry Paulson, Federal Reserve, Congress, Ben Bernanke, Business News

WASHINGTON — Faced with exasperated lawmakers upset by shifts in bailout strategy, Treasury Secretary Henry Paulson launched a spirited defense ...

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Treasury Pays $33.56B To 21 Banks, Next Round Of Applications Open

AP | MARTIN CRUTSINGER | Posted 11.18.2008 | Business

Read More: Treasury Department, Neel Kashkari, Bailout, Finance, Economy, Federal Reserve, Financial Crisis, Treasury Secretary, Business News

WASHINGTON — The government said Monday it has supplied $33.56 billion to 21 banks in a second round of payments from the $700 billion rescue pr...

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Industrial Base

Ray Kimball | Posted 11.17.2008 | Business

Read More: Financial Crisis, Procurement, Defense Spending, Government Bailout, Bailout, National Security, Big Three Automakers, US Auto Industry, China Industry, U.S. Military Technology, Congressional Bailout, General Wesley Clark, Foreign Industry, Auto Industry Bailout, India Industry, Detroit Bailout, Business News
Ray Kimball

The hard truth of the matter is that truly innovative ideas, which could be "game-changers" on the battlefield, have been AWOL from Detroit's methods of operation for some time now.

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Poor Obama... It Gets More Complicated Every Day

Francine Hardaway | Posted 11.17.2008 | Business

Read More: U.S. Economy, Obama Economy, US Auto Industry, Bailout, Gm, Auto Industry, Obama 60 Minutes, Auto Industry Bailout, Business News
Francine Hardaway

I've been debating with myself for weeks over whether we ought to bail out the auto industry. I made a little pro-con list for myself today.

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GM Must Re-Make the Mass Transit System it Murdered

Harvey Wasserman | Posted 11.17.2008 | Green

Read More: Mass Transit, Environment and Government, Global Economy, Green Power, Bailout, General Motors, Standard Oil, Trolley Systems, Who Killed the Electric Car, Solartopia, Trains, Passenger Rail, Cars, Buses, Green Energy, Global Warming, US Auto Industry, GM Bailout, Bradford Snell, Alfred P. Sn, Gm Green, Detroit Bailout, Green News
Harvey Wasserman

GM's special role in history must now evolve into using its infrastructure to restore the mass transit system -- and ecological balance -- it has helped destroy.

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"Give Me Your Tired, Your Poor... Well, Maybe Not"

Brett Ashley McKenzie | Posted 11.17.2008 | Business

Read More: Statue of Liberty, Poverty, Bailout, Wall Street, Wealth, Goldman Sachs, Goldman Sachs Bonuses, AIG Bailout, Financial Crisis, Business News
Brett Ashley McKenzie

Just across the river from the Statue of Liberty's promise of welcome, the tired and poor are not even an afterthought.

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Class Warfare with a TARP

Michael B. Laskoff | Posted 11.17.2008 | Business

Read More: American Express, Aig, Goldman Sachs, Operation Iraqi Freedom, Chrysler, General Motors, Bailout, No Child Left Behind, Clean Skies, Ford, Financial Crisis, Henry Paulson, Tarp, Business News
Michael B. Laskoff

It stands for Troubled Asset Relief Program, but the first word should really be Troubling. The haste with which it was created... is the best evidence of its flawed nature.

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It's the Mortgages: How to Restore the Health and Stability of the Economy

Graciela Chichilnisky | Posted 11.17.2008 | Business

Read More: Mortgages, Freddie Mac, Defaults, Bailout, Mortgage Crisis, Financial Crisis, Fannie Mae, Credit Default Swaps, Fannie Mae Freddie Mac Bailout, Mortgage Defaults, Business News
Graciela Chichilnisky

The true root cause of the financial crisis starts with the continued defaults on mortgages that magnify and snowball throughout the entire financial system.

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White House To Leave Obama With $350 Billion From Bailout, Sources Say

AP | DAVID ESPO | Posted 11.17.2008 | Politics

Read More: Bailout, George W. Bush, Barack Obama, President Obama, Wall Street Crisis, Economy, Economic Bailout, Politics News

WASHINGTON — The outgoing Bush administration has told top lawmakers it does not plan to use at least half of the $700 billion bailout fund that...

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Stripping Paulson of His Remaining Power & Money [Update]

David Sirota | Posted 11.17.2008 | Politics

Read More: Failing Bailout, Government Bailout, Cronyism, Bailout, Henry Paulson, Paulson Secrecy, Politics News
David Sirota

Now, with bipartisan congressional anger mounting, we may see a forceful legislative campaign to take back what remaining money Paulson wants to give away to his friends on Wall Street.

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Transition Topic VI: Nixon to China, Reagan to Russia, Obama to...

Jeff Schweitzer | Posted 11.17.2008 | Politics

Read More: Reagan, Bailout, Wall Street, Limited Government, Obama Transition, Obama, Small Government, Nixon, Detroit, Fiscal Responsibility, Obama Issues, Politics News
Jeff Schweitzer

With his liberal credentials unquestioned, Obama can do something that no Republican could accomplish without being accused of social treason.

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A Kick in the Career: Bailout, Bailout, Who's Got the Bailout?

Thomas Stern | Posted 11.17.2008 | Business

Read More: Financial Crisis, Retail Sales, Bailout, Multinational Corporations, Utopian, Circuit City Bankruptcy, Citigroup, Business News
Thomas Stern

It might be time for the government to stop gnashing their teeth about which multinational bank should get the bailout package, and simply throw the cash at the retail sector.

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Stocks finish lower as recession worries deepen

AP | SARA LEPRO and MADLEN READ | Posted 11.17.2008 | Business

Read More: Automakers, Chrysler, Automaker Bailout, Wall Street, Bailout, Gm, Finance, Economy, Ford, Cars, Financial Crisis, Congress, Business News

NEW YORK — Wall Street finished sharply lower Monday as investors pored over more signs of economic weakness, including a huge round of layoffs ...

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Goldman Sachs Chiefs Give Up Bonuses: Last Year Blankfein Took $70 Million

Bloomberg | Posted 11.17.2008 | Business

Read More: Lloyd Blankfein, Goldman Sachs, Bailout, Finance, Economy, Banks, Financial Crisis, Lloyd Blankfein Bonus, Goldman Sachs Bonuses, Bailout Bonuses, Business News

Goldman Sachs Group Inc., the firm that set a record for Wall Street pay last year, became the first U.S. bank to scrap 2008 bonuses for senior office...

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Fat Cat CEOs, Bailout on Wall Street and 'Say on Pay'

Arlene M. Roberts | Posted 11.17.2008 | Business

Read More: Performance Based Equity, Shareholder Interest, Performance Pay, John Waggoner, James W. Keyes, Corporate Governance, Golden Parachutes, Troubled Asset Relief Plan, Verizon, Say on Pay, Vonda Brunsting, Blockbuster Inc., Value Creation, Bailout, Executive Compensation, Tarp, Aflac, Federal Bailout, Bankruptcy, Recession, Goldman Sachs, Merrill Lynch, Aig, Henry Paulson Goldman Sachs, Congressional Bailout, Henry Paulson, Bear Stearns, Lehman Brothers Bankruptcy, Chief Executive Officers, Business News
Arlene M. Roberts

Corporate Executives jump ship, golden parachutes intact, while employees lower down the totem pole walk away having lost retirement accounts, nest eggs and health care coverage.

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Living Beyond Our Means

Alan Rosenblatt | Posted 11.16.2008 | Politics

Read More: Financial Crisis, Credit, Bailout, Fiscal Responsibility, Politics News
Alan Rosenblatt

I see a recurring theme that everyone is living beyond their means. People are over-extended on their credit cards and mortgages. The government runs ...

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