To the sheer shock of…everyone, the TARP is beginning to do the unthinkable: turn a profit. Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again. The profits, collected from [...]
Entries from August 31st, 2009
He’s As Surprised As Anyone
August 31st, 2009 · 2 Comments · all ur bankz, bailout, hank paulson
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To Be Ben Bernanke, You Need A “Big Head”
August 28th, 2009 · 4 Comments · bernanke
…and this mask (horns, optional). Or you could just use one of his checks, stolen from his wife’s purse: No one is safe from identity theft, not even the chairman of the Federal Reserve. Ben Bernanke’s personal cheque account became entangled in an elaborate identity-theft scheme after his wife Anna’s purse was stolen last August [...]
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More Stickiness For Allen Stanford
August 28th, 2009 · No Comments · breaking news
Like… literally stickiness this time. Is this what bank secrecy has come to? Switzerland can’t save you, and bleeding all over a guy in Antigua can’t do it, either: R. Allen Stanford’s relationship with the chief regulator of his Antigua bank was closer than most. At a meeting in 2003, they became blood brothers, cutting [...]
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This Is Why Print Is Dying
August 28th, 2009 · 1 Comment · all ur bankz
Oh you dear, sweet Washington Post. Whatever will we do with you when you, one of three or four papers of record in our modern time, consider this to be journalism worthy of ink and column space? Sit down everyone, and prepare to have your minds blown by this news that no one could have [...]
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There’s A Lesson Here
August 27th, 2009 · 2 Comments · Timmay
In case you were wondering, the US Tax Court is a tougher crowd than a Senate confirmation panel. A federal court rejected an attempt by two Ohio residents to use the so-called TurboTax defense that Timothy Geithner relied on to help win Senate confirmation as U.S. Treasury Secretary. The U.S. Tax Court in Washington rejected [...]
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