Granted, this headline is deceiving like looking at your portfolio and only counting the performance of the stocks that are actually in the green is deceiving, but the banks can at least hold their heads a bit higher on this news: The US Treasury has so far made more than $10bn on banks’ repayments of [...]
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Local hero Bandit finds himself back in the news today, not so much because he has done something terrible, but rather that I found this image I made a while back and wanted an excuse to use it. Bandit finds himself in Washington today to speak before the panel that oversees (oversaw, I guess?) TARP [...]
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The AIG bailout hits just keep on coming. Emails from that House committee hearing this week about the bailout and the NY Fed’s attempts to keep secrets about it reveal more lolz. The emails from early last year reveal that officials at the New York Fed were only comfortable with AIG submitting a critical bailout-related [...]
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Obama: Wall Street, it’s not me, it’s you. And it’s time we broke up. So the administration has decided it’s time to tax the banks. Why do you tax banks? Well, because that’s where the money is (with apologies to Willie Sutton, though that quote is probably apocryphal). Oh, and because you want to create [...]
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Richard S. sent me this link which discusses making tax-deductible donations to pay down the US debt, and though the program has evidently been around since the ’60s, I don’t recall it ever getting a lot of press and it’s funny that CNNMoney would start pushing it now, as the debt ceiling starts to approach [...]
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