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The era of the fame-averse might actually be upon us. “Twilight” star Kristen Stewart, who helped the film franchise gross almost $400 million worldwide, said she doesn’t have an interest in blockbuster-level celebrity.
Taxpayers are unlikely to recover their full investment in General Motors or Chrysler, government investigators said Monday in the latest review to cast doubts that the government will recoup the $80 billion it poured into the two automakers.
GMAC, the former lending arm of General Motors Co., is in talks with the Treasury Department for a third injection of taxpayer aid, a further sign of the U.S. government's entrenchment in the auto industry.
The top financial officer of insurance giant AIG defended the federal government's $180 billion bailout of the company in a return to his alma mater.
The former head of the Obama administration's auto task force expressed optimism Wednesday that General Motors and Chrysler could rebound and help taxpayers recoup some of their multibillion-dollar investment in the Detroit auto companies.
The man who watches over the $700 billion in government money given to banks and other institutions to avert a financial collapse said Wednesday he thinks it's too early to say how much will be repaid to the taxpayers.
As Congress intensified its work rewriting the nation's financial rule book over the last three months, some big recipients of the government's $700 billion bailout spent a bit less trying to influence legislators.
President Barack Obama wants smaller community banks to have greater access to the government's $700 billion financial rescue fund as the administration refocuses the bailout money on small businesses and homeowners and winds down programs aimed at big banks.
Treasury officials and regulators are weighing a fresh round of bailouts for banks that were deemed too risky to qualify for earlier aid.
The inspector general for the Treasury Department's $700 billion bailout fund said Thursday that he will review the decisions of General Motors and Chrysler to close a large portion of their auto dealerships as part of their restructuring plans.
The Obama administration on Thursday sent its clearest signal yet that it is prepared to extend its $700 billion bailout for Wall Street for another year, even as lawmakers said they were frustrated that not enough was being done to help the average American.
The Federal Deposit Insurance Corp. is weighing several costly — and never-before-used — options as it struggles to shore up the dwindling fund that insures bank deposits.
Forty senators — all but one of them Republican — want the Obama administration to let the $700 billion financial rescue program expire by year's end, saying the money has been used in ways not contemplated by Congress.
Shares of American International Group Inc. jumped more than 20 percent Monday after the head of the House Committee on Oversight and Government Reform said that panel will examine a plan to reduce the company's massive bailout package.
Serbia will have to lay off about one-fifth of its government employees — 14,000 people — to meet conditions set by the International Monetary Fund to receive more financial aid, the country's finance minister said Monday.
The Treasury Department has decided not to challenge the independence of the government watchdog agency that Congress created to oversee spending of the $700 billion rescue package for the financial sector.
A gaggle of big banks have repaid their loans to the government under the $700 billion financial rescue. Is there a chance taxpayers will eventually recoup the rest of the money spent on this and other bailouts — and maybe even take in a little profit?
The U.S. government has hauled in about $4 billion in profits from large banks that have repaid their obligations from last year's federal bailout, The New York Times reported Sunday.
The first person to be charged with fraud under the federal bank bailout has been sentenced to 10 years in prison.
Bowing to populist anger, the House voted Friday to prohibit pay and bonus packages that encourage bankers and traders to take risks so big they could bring down the entire economy.
The Senate rejected a plan Wednesday to give taxpayers stock certificates for their share of the government's ownership stake in General Motors Co. and Chrysler Group LLC.
The federal government plans to sell its shares in General Motors Co. and Chrysler Group LLC as soon as it can, the head of the autos task force told a congressional panel Monday.
As Congress spent much of the last three months looking at ways to tighten regulations on financial institutions, some of the biggest recipients of the government's $700 billion bailout increased their spending on influencing legislators.
The internal watchdog overseeing the government's financial bailout is pressing Treasury to seek more information from banks that receive taxpayer assistance, brandishing his own bank survey as evidence that such data can be obtained.
A House committee asked the Obama administration Friday to release documents on the federal bailouts of General Motors Co. and Chrysler Group LLC, seeking more details on decisions that led to the auto industry bankruptcies.
Goldman Sachs: Record profits from 2009 not related to bailout, they're doing God's workSo, it's business as usual, then, regardless of whether it makes most people howl at the moon with rage? Goldman Sachs, this pillar of the free market, breeder of super-citizens, object of envy and awe will go on raking it in, getting richer than God? An impish grin spreads acr …
"There is not a single successful regulator giving him (President Obama) advice" William Black ( government lawyer in the 1980's, helped secure more than 1000 felony convictions resulting from the S&L scandal ) _______________________________________
Some Wall St. Bonuses May Hit Pre-Crisis Highs - DealBook Blog - NYTimes.comNow is the time of year when a Wall Streeter's fancy turns to thoughts of bonuses.
Dylan Ratigan: Why Keep Geithner?This is why I think we must ask if U.S. Treasury Secretary Timothy Geithner is still the right person for the job.
Ron Paul responds to Michael Moore's "Capitalism: A Love Story"Speaking to veteran CNN interviewer Larry King on Sunday, Texas Republican Congressman Ron Paul argued that he is just as upset with America's economic system as activist filmmaker Michael Moore -- except the longtime doctor does not believe the illness is purely based on capital …
Legislation To Provide Bailouts In Secret for Selected Big Banks and Financial Institutions: TARP on SteroidsBig banks will not be forced to downsize and the public will be the last to know when they fail, a controversial bill unveiled by U.S. Treasury Secretary Timothy Geithner and Congressman Barney Frank proposes.
TARP on SteroidsWhat 9/11 didn't bring down in America's finances - the "Gold Man of Sacks", Tim Geithner, and his cabal will keep sacking our economy. It's TARP you all the way.
Why Wall Street Bonuses Won't Go Away | Newsweek Voices - Daniel Gross | Newsweek.comJust as chickens can run around with their heads cut off, financial firms can pay bonuses even when they've essentially failed (AIG) or clocked massive losses (Merrill Lynch).
Memo To Michael Moore and Matt Taibbi: Capitalism Rules, Like It Or NotAn unusual critique of two liberal heroes: Michael Moore and Matt Taibbi.
GMAC may get 3rd helping of aidGMAC, the financial lifeline for General Motors Co., Chrysler Group LLC and their dealer networks, is asking the U.S.
The Billionaire Bailout SocietyHow about the Billionaire Bailout Society? Here are its salient features: 1.We promote accumulation of vast fortunes without limits. 2.We shun progressive income taxes that could narrow the gap.
We Attacked the Bankers, but Took Our Eyes Off the Whole Rotten System'I was in this game for the money," wrote Andrew Lahde, a hedge fund manager, in a letter to the Financial Times last year as the global economy went into meltdown.
Dismantling the Wall Street CasinoWhile better oversight of the bailout barons is helpful, the best way to change Wall Street pay practices is to adopt a set of tough, comprehensive regulations that cover everything from the executive suite to the loan department.
Health care reform is moral battle for the soul of a nationIn all the lobbying and bargaining in Washington, D.C., we seem to have forgotten about the moral imperative to take care of the sick. One issue that is bandied about is that a public health care option would be too expensive. Why are we counting cost? This is America.
U.S. Considers Reining In Too Big To Fail InstitutionsCongress and the Obama administration are about to take up one of the most fundamental issues stemming from the near collapse of the financial system last year — how to deal with institutions that are so big that the government has no choice but to rescue them when they get in …
AIG Contracts Complicate Czar's Pay Cuts, my life is complicated too!CHICAGO -- U.S. pay czar Kenneth R. Feinberg cut compensation at American International Group Inc. by $28.4 million, but employment contracts will funnel additional pay to three top employees, according to a document released by the Treasury Department.
Why the Federal Government Should Refrain From BailoutsI just came across this today. Yes, it is over one year old; nevertheless it remains pertinent as the economy may very well resume its collapse, and with that would come more "too big to fail" situations.
Examiner Editorial: Uncovering the bull under the bailout. Examiner Editorial, October 23, 2009Congress put American taxpayers on the hook for $700 billion last year when it approved the massive bailout to paper over the imprudent lending decisions of nine Wall Street giants: Bank of America, Citigroup, Wells Fargo, JP Morgan Chase, Goldman Sachs, Morgan Stanley, Merrill L …
Oh wow! Did you know that General Motors was only bailed out by the government because Pres. Obama wanted access to their OnStar technology and data so he can use it to track your movements? Shame on you if you didn't.
Poll: Is Obama Justified In Cutting Executive Pay?Is the Obama administration justified in slashing compensation for top executives of the seven companies that received the most federal assistance?
Good Job! US Treasury to Cut CEO's Salaries Bailout Banks+ Well Done!The article heading is "Treasury to order bailed-out firms to slash pay" The Article in Part..
Obama Orders Deep Pay Cuts For Execs of Bailed Out Banks and Car CompaniesUnder the plan, which will be announced in the next few days by the Treasury Department, the seven companies that received the most assistance will have to cut the cash payouts to their 25 best-paid executives by an average of about 90 percent from last year.
Administration Said to Order Deep Cuts in Pay at Bailed-Out Companies Responding to the growing furor over the paychecks of executives at companies that received billions of dollars in federal bailouts, the Obama administration will order the companies that received the most aid to deeply slash the compensation to their highest paid executives, an …
Does Our 'Unrespected' Leadership Ever Step Forward?Congress, the organization that is ranked as having the trust of only 10% of the entire population is the same body of elected officials we rely upon to keep our nation's promises to the veterans, retired military and active duty service personnel.
U.S. must live within its means: GeithnerBy Glenn Somerville and Walter Brandimarte Glenn Somerville And Walter Brandimarte – 2 hrs 7 mins ago
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