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15 posts tagged with economy and bailout. (View popular tags)
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Eat the meat you are Fed: It's good, we guarantee it!

The last mystery of the financial crisis. It's long been suspected that ratings agencies like Moody's and Standard & Poor's helped trigger the meltdown. A new trove of embarrassing documents shows how they did it. by Matt Taibbi in Rolling Stone.
posted by lalochezia on Jun 19, 2013 - 34 comments

Secret and Lies of the Bailout

Secret and Lies of the Bailout. "The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come." [Via]
posted by homunculus on Jan 7, 2013 - 77 comments

We appreciate your candor

BBC News asks independent trader Alessio Rastani "what would keep investors happy, make them feel more confident?" and gets a surprisingly honest answer: "Personally, it doesn't matter. See, I'm a trader. I don't really care about that kind of stuff. If I see an opportunity to make money, I go with that. So, for most traders, we don't really care that much about how they're going to fix the economy, about how they're going to fix the whole situation; our job is to make money from it. And, personally, I've been dreaming of this moment for three years. I have a confession which is I go to bed every night and dream of another recession, I dream of another moment like this." [SLYT]
posted by finite on Sep 26, 2011 - 235 comments

Science & technology might be exempt from E.U. austerity measures

There is an European Commission budgetary proposal to boost E.U. funding for science and technology by 45% from €55B to €80B by trimming some fat form the controversial Common Agricultural Policy. [more inside]
posted by jeffburdges on Jul 7, 2011 - 6 comments

Guy Fawkes, meet Robin Hood

Debt collectors call him a credit terrorist. “Cunningham beats the debt collectors at their own game. He turns their money-making practice into a financial liability. He is a regular guy who has become a radical enemy of the banking system.” [more inside]
posted by Kadin2048 on Jan 26, 2010 - 113 comments

What the FEC couldn't figure out

Matt Taibbifilter: Among other things, the GAO report noted that the entire OTS had only one insurance specialist on staff — and this despite the fact that it was the primary regulator for the world's largest insurer! This week's MeFi stories have generally failed to explain the reasoning that caused the recession, even though Jon Stewart was basically on the mark. Now, Rolling Stone's only reporter lays it all out The Big Takeover, a typical combination of zealous snark and the overlooked, damning facts needed to clear up a ridiculously complicated story.
posted by shii on Mar 20, 2009 - 111 comments

The Follies of TARP

We may never know whether the bailout worked [more inside]
posted by ornate insect on Jan 30, 2009 - 50 comments

“They didn’t tell me I had to do anything particular with it”

At the Palm Beach Ritz-Carlton last November, John C. Hope III, the chairman of Whitney National Bank in New Orleans, stood before a ballroom full of Wall Street analysts and explained how his bank intended to use its $300 million in federal bailout money.

“Make more loans?” Mr. Hope said. “We’re not going to change our business model or our credit policies to accommodate the needs of the public sector as they see it to have us make more loans.”

Personal stories from the front lines of the American bailout.
posted by plexi on Jan 18, 2009 - 63 comments

Another one bites the dust...

No Bailout for the Arts? Many organizations could use the help.
posted by ThePinkSuperhero on Dec 30, 2008 - 21 comments

Special Bail Out Offer, No Payments Until January 20th

Have we jumped over all the hurdles in our ongoing economic fiasco? Probably not, the next hurdle is Credit Cards. [more inside]
posted by Xurando on Nov 25, 2008 - 99 comments

AAA?

Anatomy of a Meltdown - Ben Bernanke and the financial crisis (in one page)
posted by Gyan on Nov 24, 2008 - 61 comments

Can I pay my taxes with a student loan?

After an historic near-collapse (p), a federal bailout to the tune of $85,000,000,000, a second federal bailout to the tune of $37,800,000,000 and one hell of a party (p), the news on A.I.G. just keeps getting better. Now: Fed arbitrage! Paying down a 9% taxpayer loan with a 2% taxpayer loan? Genius!
posted by jckll on Oct 31, 2008 - 7 comments

"Putting your money where our mouth is."

Strategery is a unique hedge fund.
posted by infini on Oct 3, 2008 - 25 comments

US Bailout bill, TARP, and economists' and journalists' reactions

Following the recent preciptious downturn in the US banking sector, a compromise draft bill is going to a vote in Congress today. The text of the bill [110-page pdf]; The Wall Street Journal's summary of the bill; an open-for-comments public analysis of the bill at publicmarkup.org. Some questions answered and unhappy acceptance from economist and NYT columnist Paul Krugman; a strenuous rejection from Nouriel Roubini; via same, an IMF study of 42 banking crises from 1970 through 2007; further criticism from Nomi Prins for Mother Jones.
posted by cortex on Sep 29, 2008 - 654 comments

The Fed "hopes" A.I.G.

The Fed has decided to bail out A.I.G. with an $85 billion dollar loan deal, which will result in 80% of the company being owned by the government.
posted by aheckler on Sep 16, 2008 - 263 comments

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