Skip to main content

Home/ Financial Crisis and Geopolitics/ Group items tagged Bailout?

Rss Feed Group items tagged

thinkahol *

The Size of the Bank Bailout: $29 Trillion - US Business News Blog - CNBC - 0 views

  •  
    The Size of the Bank Bailout: $29 Trillion
Giorgio Bertini

Chancellor Merkel fails to win opposition support for Greece bailout - 1 views

  •  
    The German government has failed to win backing from opposition parties for its bill to participate in the Greece bailout.
Giorgio Bertini

Welcome to the Inflation Zone: The Dangers of the Euro Bailout - 0 views

  •  
    The euro has been rescued for the moment, but European politicians have thrown the foundations of Europe's common currency overboard with their unprecedented bailout package. In the longer term, the dangers of the crisis can only increase, and the flood of billions of euros could also lead to inflation
thinkahol *

Attorneys General Settlement: The Next Big Bank Bailout? | Matt Taibbi | Rolling Stone - 1 views

  •  
    The point of all of this is, if you add up all of the MBS-related liability out there, the banks as it stands are facing an Armageddon of claims from all sides. It can't possibly be less than a trillion dollars, and it's probably much, much more. But the Obama administration's current plan is to let them all walk after paying a few shekels apiece into a $20 billion kitty.
thinkahol *

HOLY BAILOUT - Federal Reserve Now Backstopping $75 Trillion Of Bank Of Ameri... - 0 views

  •  
    This story from Bloomberg just hit the wires this morning.  Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC. What this means for you is that when Europe finally implodes and banks fail, U.S. taxpayers will hold the bag for trillions in CDS insurance contracts sold by Bank of America and JP Morgan.  Even worse, the total exposure is unknown because Wall Street successfully lobbied during Dodd-Frank passage so that no central exchange would exist keeping track of net derivative exposure.
thinkahol *

Sen. Bernie Sanders: A Real Jaw Dropper at the Federal Reserve - 0 views

  •  
    At a Senate Budget Committee hearing in 2009, I asked Fed Chairman Ben Bernanke to tell the American people the names of the financial institutions that received an unprecedented backdoor bailout from the Federal Reserve, how much they received, and the exact terms of this assistance. He refused. A year and a half later, as a result of an amendment that I was able to include in the Wall Street reform bill, we have begun to lift the veil of secrecy at the Fed, and the American people now have this information.
Giorgio Bertini

A Greek Test: Euro Fears Force Merkel To Act - 0 views

  •  
    Knowing a bailout for Athens would be unpopular, Chancellor Angela Merkel wanted to postpone taking action on the Greek crisis until a key state election on May 9. But financial markets don't care about domestic German politics. Her delay could end up costing the country billions.
Giorgio Bertini

The Debt Crisis: Europe Shudders Over Greece Disaster - 0 views

  •  
    Germany balked for weeks over a possible bailout for Athens. Now its delays are coming back to haunt it in the form of intense international criticism of Angela Merkel's crisis management.
Giorgio Bertini

Greek rescue fears hit global stock markets - 0 views

  •  
    Concerns €110bn bailout will not be enough. NYSE 200 points lower; FTSE 100 down 2.5%. Spain's stock market falls 5%; Germany 2%.
Giorgio Bertini

Greece's €110bn bailout gets lukewarm reception from financial markets - 0 views

  •  
    Markets fear deal will not cover Greece's borrowing needs. German minister: Greece could need more money. Cost of insuring Greek, Spanish and Portuguese debt rises.
Giorgio Bertini

Europe's Bailout - 0 views

  •  
    Meanwhile, the banks that caused much of this mess are getting all their money back. A more equitable approach would require the banks to pay at least part of the bill - writing down the debts of some European governments or extending their maturities into the future to allow battered European economies time to recover.
Giorgio Bertini

A Trillion for Europe, With Doubts Attached - 0 views

  •  
    Like the giant financial bailout announced by the United States in 2008, the sweeping rescue package announced by Europe eased fears of a market collapse but left a big question: will it work long term? And as details crystallized of the package's main component - a promise by the European Union's member states to back 440 billion euros, or $560 billion, in new loans to bail out European economies - the wisdom of solving a debt crisis by taking on more debt was challenged by some analysts.
Giorgio Bertini

Volcker Sees Euro 'Disintegration' Risk From Greece - 1 views

  •  
    Former Federal Reserve Chairman Paul Volcker said he's concerned that the euro area may break up after the Greek fiscal crisis that sparked an unprecedented bailout by the region's members.
thinkahol *

America Is NOT Broke - 0 views

  •  
    America is not broke. Contrary to what those in power would like you to believe so that you'll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It's just that it's not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich. Today just 400 Americans have more wealth than half of all Americans combined. Let me say that again. 400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer "bailout" of 2008, now have more loot, stock and property than the assets of 155 million Americans combined. If you can't bring yourself to call that a financial coup d'état, then you are simply not being honest about what you know in your heart to be true.
thinkahol *

Is the SEC Covering Up Wall Street Crimes? | Rolling Stone Politics - 0 views

  • But even if SEC officials manage to dodge criminal charges, it won't change what happened: The nation's top financial police destroyed more than a decade's worth of intelligence they had gathered on some of Wall Street's most egregious offenders.
  • But we're equally in the dark about another hypothetical. Forget about what might have been if the SEC had followed up in earnest on all of those lost MUIs. What if even a handful of them had turned into real cases? How many investors might have been saved from crushing losses if Lehman Brothers had been forced to reveal its shady accounting way back in 2002? Might the need for taxpayer bailouts have been lessened had fraud cases against Citigroup and Bank of America been pursued in 2005 and 2007? And would the U.S. government have doubled down on its bailout of AIG if it had known that some of the firm's executives were suspected of insider trading in September 2008?
  •  
    Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case. No more Lifetime channel specials where the murderer is unveiled after police stumble upon past intrigues in some old file - "Hey, chief, didja know this guy had two wives die falling down the stairs?" No more burglary sprees cracked when some sharp cop sees the same name pop up in one too many witness statements. This is a different world, one far friendlier to lawbreakers, where even the suspicion of wrongdoing gets wiped from the record.
Giorgio Bertini

How the Euro Became Europe's Greatest Threat « Learning Political Economy - 0 views

  •  
    The euro is becoming an ever greater threat to Europe's common future. The currency union chains together economies that are simply incompatible. Politicians approve one bailout package after the other and, in doing so, have set down a dangerous path that could burden Europeans for generations to come and set the EU back by decades.
Giorgio Bertini

America's role in this Greek tragedy « Learning Political Economy - 0 views

  •  
    Greece faces unacceptable conditions for a new bailout. If it defaults, the US had better be ready for the economic shock. The European authorities are playing a dangerous game of "chicken" with Greece right now. It is overdue for US members of Congress to exercise some oversight as to what our government's role is in this process, and how we might be preparing for a Greek debt default. Depending on how it happens, this default could have serious repercussions for the international financial system, the US economy and, indeed, the world economy.
1 - 20 of 25 Next ›
Showing 20 items per page