Economy Watch Archive: Bailout
AIG sells Asia insurance unit to Brits for $35.5 billion -- biggest taxpayer repayment so far
Here's a nice change: A news story that includes AIG and lots of money but does NOT include executive bonuses. AIG, which is 80 percent owned by U.S. taxpayers after its epic fail nearly brought down the global financial system...
By
Frank Ahrens
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March 1, 2010; 12:24 PM ET |
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Categories:
Bailout
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Corporations
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The Ticker
| Tags: AIG, Prudential P.L.C., bailout
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Adviser: Crisis would have happened even if housing prices had flattened
UPDATED at 2:00 p.m. The Financial Crisis Inquiry Commission -- the government's panel that was set up to figure out, as much as possible, the cause of the financial crisis -- kicked off its much-anticipated hearing this morning, featuring testimony...
By
Frank Ahrens
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January 13, 2010; 2:00 PM ET |
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Categories:
Bailout
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Congress
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Corporations
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Housing
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The Ticker
| Tags: Bank of America, Brian Moynihan, Financial crisis inquiry commission, Goldman Sachs, J.P. Morgan Chase, John Mack, lloyd blankfein
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Why corporate 'bonuses,' though huge, are more like paychecks
Here's a good story in Monday's Wall Street Journal that breaks down the bonuses set to be paid to executives at big banks, all of which got some form of taxpayer-funded bailout. There has been plenty of outrage over compensation...
By
Frank Ahrens
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January 12, 2010; 3:36 PM ET |
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Categories:
Bailout
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Corporations
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The Ticker
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Wall Street
| Tags: bonuses, executive compensation
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SEC seeking more charges against Bank of America over Merrill deal
The Securities and Exchange Commission is seeking additional charges against Bank of America over its looking-worse-by-the-moment purchase of brokerage Merrill Lynch early last year. These additional charges stem from Bank of America's failure to disclose billions of dollars in mounting...
By
Frank Ahrens
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January 11, 2010; 4:32 PM ET |
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Categories:
Bailout
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Fed Reserve
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Regulation
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The Ticker
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Wall Street
| Tags: Bank of America, Ben Bernanke, Hank Paulson, Merrill Lynch
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Report: New York Fed told bailed-out AIG to hush payments to banks
This is a story that could have some legs: Bloomberg is reporting that the New York Fed told AIG not to publicly disclose payments it was making -- with taxpayer money -- to other banks. This came during the depths...
By
Frank Ahrens
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January 7, 2010; 1:07 PM ET |
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Categories:
Bailout
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Corporations
,
Fed Reserve
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The Ticker
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Treasury
,
Wall Street
| Tags: AIG, Bloomberg, Darrell Issa, Goldman Sachs, Tim Geithner
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