Backdoor Bailout News Today

Detroit. hes going through a backdoor process whereby he diverts money already allocated to something else, diverts it to bail out detroit. it is a backdoor bailout, which is politically attractive for the president but not perhaps for the governor of michigan. lets be clear. it is aç bailout. case closed. its a bailout. >> in disguise. >> the unions representing the retirees of detroit are getting the money. the banks who lent money to detroit, theyre not. the bondholders who lent money to de...

High taxes and declining state finances. why shouldnt wealthy people do the same in illinois? taxes are way up there. the states finances are a mess. they know theyre going to call on the rich to pay your fair share. they know its coming. >>gretchen: some businesses have gone to wisconsin and indiana. >>brian: what youre talking about is if theyre going to increase the taxes in the state itself, thats one thing. but -- and this is something youve been hedging for over a year -- theres always a p...

Dividends, you know, being sort of stingy with their shareholders and employees. >> so, dan, look, id be thrilled if chrystia called your optimistic, although its still pretty grim scenario, turns out to be true. >> i would be thrilled if i turned out to be right too. it would be the first time since 2006. >> but heres a -- dont say that. heres a couple things that people are talking about, that at least i would like to get your reaction to. one is potential downgrade of the french governments r...

Dividends, you know, being sort of stingy with their shareholders and employees. >> so, dan, look, id be thrilled if chrystia called your optimistic, although its still pretty grim scenario, turns out to be true. >> i would be thrilled if i turned out to be right too. it would be the first time since 2006. >> but heres a -- dont say that. heres a couple things that people are talking about, that at least i would like to get your reaction to. one is potential downgrade of the french governments r...

How close you can get to them and hopefully, if youre smart, be just careful enough not to go over them and i think thats what goldman has been doing for more than 100 years some, its no surprise they have been in and out of trouble their whole existence. this last bout of trouble they have had in the last two years is very much in keeping with their whole history as a firm and that was one of the biggest revelations i found in writing this book, i was a banker on wall street for 17 year, dylan....

Suing the paramedics who gave you cpr because he did not give you a pillow. we have other congressmen sending letters to aig. basically saying, aig, you are the poster company for green and the white house is defending the aig bailout. hank greenberg, you interviewed him on fox business. he is essentially saying, look, this turned into a backdoor bailout for other wall street companies. we have a right to sue based on fifth amendment rights. the government is not allowed to take private property...

Problem. theres no question that bush and his treasury secretary were the ones who deregulated and did the original t.a.r.p. bailout in the first place, everybody knows that. but the obama administration has p continued to pretend theres no problem. tim geithner was the one who went along with the backdoor bailout to goldman again in the first place when he was head of the new york fed. president obama literally couldnt have found anyone more guilty of the bailout unless he renominated paulson. ...