Looting the taxpayer

Mar 11, 2009
In the latest iteration of the government's plan to save the financial system, Treasury Secretary Tim Geithner says the government will give money...
Posted In: bailout, Geithner, TARP

By the bank sword

Mar 9, 2009
Is it that easy to say "let them fail?" Republican Senators Richard Shelby and John McCain said it yesterday on national TV. But saying it and...
Posted In: bailout, bank stocks, Banks, Citigroup

We don't want your stinkin' money

Mar 9, 2009
An angry backlash is brewing at the country's smaller, healthier banks. At least two banks, Minnesota's TCF and Louisiana's Iberiabank, have...
Posted In: bailout, Banks, TARP

I can't see the transparency

Mar 6, 2009
A few weeks ago, Treasury Secretary Tim Geithner unveiled the Financial Stability plan, the next phase of government intervention into the...
Posted In: bailout, Banks, Geithner, TARP

The truth Hertz

Mar 5, 2009
GM finally acknowledged today in its annual report that its survival is in "substantial doubt." GM said it could be forced to file for bankruptcy...
Posted In: bailout, bankruptcy, GM

Wow, somebody doesn't like Geithner

Mar 4, 2009
Yesterday, I mentioned a book coming out next week called "House of Cards." It's about the collapse of Bear Stearns. Another excerpt was...
Posted In: bailout, Banks, Bear Stearns, Geithner

AIG makes me angry too

Mar 4, 2009
The more I read and think about AIG, the closer I get to having a conniption. Even Bernanke said it yesterday: nothing makes him angrier than the...
Posted In: AIG, bailout, TARP

Drive 'em into the ground

Mar 3, 2009
The latest car sales numbers just came in, and they truly are bad enough to make a grown man cry. GM and Ford sales fell by half in February. At...
Posted In: bailout, bankruptcy, GM, nationalization

Dracula, the insurance company

Mar 3, 2009
I felt like I was watching a bad horror movie this morning as Fed Chairman Ben Bernanke testified before Congress. Bernanke said the government...
Posted In: AIG, bailout, TARP

Greed and blindness

Mar 3, 2009
There's an ugly, human thread that runs through all of the collapses and fraud on Wall Street. Two items I read this morning point it out clearly....
Posted In: bailout, Bear Stearns