AIG

Credit Default Swaps by JT2016

Goldman Sachs Did An Excellent Job of Bailing Out Goldman Sachs

THE NEW YORK TIMES August 9, 2009 Paulson’s Calls to Goldman Tested Ethics By GRETCHEN MORGENSON and DON VAN NATTA Jr. Before he became President George W. Bush’s Treasury secretary in 2006, Henry M. Paulson Jr. agreed to hold himself to a higher ethical standard than his predecessors. He not only sold all his holdings […]

AIG by JT20162016

It’s Goldman Sachs’ Party And They’ll Profit If They Want To

THE GREAT AMERICAN BUBBLE MACHINE ROLLING STONE MATT TAIBBI From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression – and they’re about to do it again The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment […]

Federal Reserve by JT20162016

Banks Got Cheatsheet For Their “Stress Tests”

Banks Won Concessions on Tests Fed Cut Billions Off Some Initial Capital-Shortfall Estimates; Tempers Flare at Wells WALL STREET JOURNAL By DAVID ENRICH, DAN FITZPATRICK and MARSHALL ECKBLAD The Federal Reserve significantly scaled back the size of the capital hole facing some of the nation’s biggest banks shortly before concluding its stress tests, following two […]

bailout by JT20162016

U.S. Lawmakers Smell Something Fishy in Bank of America / Merrill Deal

U.S. lawmakers seek BofA-Merrill probe R E U T E R S Fri Apr 24, 2009 By Kim Dixon and Rachelle Younglai WASHINGTON (Reuters) – Momentum is building among U.S. lawmakers to investigate Bank of America’s (BAC.N: Quote, Profile, Research, Stock Buzz) purchase of Merrill Lynch, amid allegations that federal officials gave the bank’s chief […]

Tullycast by JT20162016

Bank of America: When $45 Billion is Really $199.2 billion

Michael Whitney FIREDOGLAKE/ OXDOWN GAZETE Friday April 24, 2009 If you’ve been following the news, you know by now that Bank of America is in debt to the American taxpayer in the amount of $45 billion – the amount of TARP funds (aka “bailout money”) that they received since last year. But it turns out […]