On AlterNet: bailouts

Stories, blog posts, and videos tagged as "bailouts"

6 Shocking Ways Capitalism Is Failing Working America

Les Leopold, AlterNet. January 31, 2012.

Without a dramatic rethink, our "free-enterprise" system may never again provide enough decent jobs for those who need them.

Bail-out Bombshell: Fed "Emergency" Bank Rescue Totaled $29 Trillion Over Three Years

J. Andrew Felkerson, AlterNet. December 15, 2011.

While the 99% suffered hardship, a new study shows that the Fed propped up buddies in the banking industry and a vast shadow banking system far beyond what anyone has guessed.

6 Shocking Revelations About Wall Street's "Secret Government"

Les Leopold, AlterNet. November 30, 2011.

Top officials willfully concealed the true extent of the 2008-'09 bailouts from Congress and the public.

Mortgage Lenders Committed Massive Fraud and Now Wall St. Wants to Escape the Law

Joshua Holland, AlterNet. January 27, 2011.

Here they come looking for an out-clause and a way to keep their coffers full. We need to repeat a simple mantra: No more bailouts for Wall Street.

Treasury Makes Shocking Admission: Program for Struggling Homeowners Just a Ploy to Enrich Big Banks

Zach Carter, AlterNet. August 25, 2010.

The Treasury Dept.'s mortgage relief program isn't just failing, it's actively funneling money from homeowners to bankers, and Treasury likes it that way.

The Corporate Stranglehold: How BP Will Make out Like Bandits from Its Massive, Still Gushing Oil Disaster

Zach Carter, AlterNet. May 26, 2010.

The existing $75 million cap on damages for offshore drilling companies is a bailout every bit as disgusting as those recently bestowed upon Wall Street.

10 Ways to Force the Stinking Rich to Share Their Wealth

Zach Carter, AlterNet. April 15, 2010.

How rich people can stop whining about the deficit and start paying their taxes.

WaMu Bank Executives Knew of Rampant Fraud, Yet Failed to Act

David Heath, The Huffington Post Investigative Fund. April 14, 2010.

A Senate investigation finds that in the largest bank failure in history, executives were aware of fraud, yet failed to take action.

Speculating Banks Still Rule -- Ten Ways Dems and Dodd Are Failing on Financial Reform

Nomi Prins, AlterNet. April 14, 2010.

None of this is reform. We are better off with nada than vapid promises and a false sense of security.

Despite Some PR Spin, the Top U.S. Bank Cop Is Still Pushing the Same Anti-Consumer Agenda

Zach Carter, AlterNet. April 6, 2010.

Instead of strengthening the framework that lead the economy to the brink of collapse, the top U.S. bank regulator wants to sabotage it further.

Banks Could Be Biggest Winners in Obama's New Foreclosure Plan

Amy Goodman, Dean Baker, Democracy Now!. April 1, 2010.

The biggest winners in Obama's latest foreclosure prevention plan are the banks that created this mess.

Obama and Dems Put a Stop to the Republicans' Kickback Cash Cow in the College Loan Industry

Alexander Zaitchik, AlterNet. March 31, 2010.

For years, Sallie Mae fed on taxpayers to finance Republican campaigns and private golf courses for their executives. No more.

Obama Packs Debt Commission with Social Security Looters

Matthew Skomarovsky, AlterNet. March 28, 2010.

Obama has filled his new 'debt commission' with Wall Street insiders determined to gut Social Security.

The Great American Bank Robbery

Joseph Stiglitz, W. W. Norton & Company. February 27, 2010.

How did the big banks nearly take down the entire economy and still continue to profit? Nobel Prize-winning economist Joseph Stiglitz explains.

Joseph Stiglitz: Bankers Made Reckless Bets on the Economy, Knowing Taxpayers Were Going to Pick up the Tab

Zach Carter, AlterNet. February 25, 2010.

The Nobel Prize-winning economist argues the banking industry "failed in their core societal function," helping lead to the great economic crash of '08.

Is Obama Committing Political Suicide? President Calls Obscene Wall St. Bonuses 'Part of the Free Market System'

Zach Carter, AlterNet. February 10, 2010.

Obama says he doesn't have a problem with bonuses at Goldman Sachs and JPMorgan. He's going to have a big problem at the polls in November.

Home Underwater? Walk Away from Geithner's Perverse 'Homeowner Relief' Plan

Zach Carter, AlterNet. February 10, 2010.

The plan to supposedly aid homeowners drowning in debt adopted by Obama and Treasury Secretary Timothy Geithner is just a money trough for the banks.

Big Banks Are Feeding Like Parasites on the Govt.'s Money

Dean Baker, Boston Review. February 4, 2010.

Big bank CEOs like to trumpet free-market ideology, but they depend on the government for survival in good times and bad.

OK, This Is the Pinnacle of Corporate Crony-Socialism for Wall Street

Susan Wallace, AlterNet AlterNet: PEEK. January 5, 2010.

I mean, you really have to understand this.

Not One More Tax Dollar For the Banks

Dean Baker, Comment Is Free AlterNet: Corporate Accountability and WorkPlace. November 30, 2009.

The millions of American families struggling to keep up with their bubble-era mortgages are the ones who deserve help.

10 Steps to Disastrous Financial Reform We Can't Allow the Government to Take

Tiffiniy Cheng, AlterNet. September 22, 2009.

We can end up fumbling at an economic recovery. It's not easy to fight for financial reform, and the banks will push for policies in their favor from every angle.

TARP Watchdog Elizabeth Warren Explains Treasury's Strategy, and Why It May Not Be Enough

Isaac Fitzgerald, AlterNet AlterNet: Video. April 24, 2009.

Warrens work is very important, she is doing us all a great service and should be listened to.

'Too Big to Fail' Is Too Big -- Period

Jim Hightower, Creators Syndicate. April 4, 2009.

The "too big" claim forms the rationale for the diversion of regular people's money into rich people's pockets.

Bailout Total: $29.616 Trillion Dollars

Barry Ritholtz, December 31, 1969.