AIG Considers Suing Government For More Bailout Money After “Thank You” Ads

By: Wednesday January 9, 2013 4:14 am

Thanks but no thanks? After AIG’s Ad blitz thanking America for letting them raid the treasury the company made another announcement: AIG is considering Wednesday whether the company should join a lawsuit against the government that spent $182 billion to save it from collapse. American International Group Inc. said its board of directors will weigh [...]

Greek Bailout Secured, But Secret Report Shows It Won’t Work

By: Tuesday February 21, 2012 6:15 am

After an all-night round of talks among Eurozone finance ministers, Greece was granted its second bailout, this one for €130 billion, in a package that includes recently passed austerity measures and a debt restructuring. But confidential reports distributed to the finance ministers indicate that the deal will not work and may even be counter-productive. The [...]

Eurozone Finance Ministers Delay Greek Bailout

By: Friday February 10, 2012 10:00 am

Greece has agreed to new bailout terms, with brutal austerity measures attached, but Eurozone finance ministers don’t believe the Greeks will follow through, so they’ve held up the provision of the funding. With the clock ticking on a possible sovereign debt default by Athens within weeks, eurozone finance ministers postponed a decision on Greece’s rescue [...]

Was TARP Bailout Necessary?

By: Monday July 5, 2010 11:45 am

Economist Dean Baker, writing today in TARP Martyrs: The Post Mourns Politicians Who Lost for Helping the Banks, contends that the late-2008 TARP Wall Street bank bailout was not necessary. First, he addresses risks to the commercial paper market, The most immediate threat to the system, which Fed Chairman Ben Bernanke and others highlighted, was [...]

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