Group Think, Duct Tape and Slam Dunks
Finance
Banks Keeping Mum on TARP Bailout Funds; Only Morgan Stanley Coming Clean
Morgan Stanley Is One Bank That Cites a Loan From TARP Money Other Financial Banks Including Goldman Sachs and CitiGroup Keep Mum on How They Are Using TARP Cash By CHARLES HERMAN, DAN ARNALL, LAUREN PEARLE and ZUNAIRA ZAKI ABC NEWS Dec. 17, 2008— Banks that were rescued with billions of dollars in public funds […]
MorePaul Krugman: “On the Edge”
February 6, 2009 Op-Ed Columnist THE NEW YORK TIMES On the Edge By PAUL KRUGMAN A not-so-funny thing happened on the way to economic recovery. Over the last two weeks, what should have been a deadly serious debate about how to save an economy in desperate straits turned, instead, into hackneyed political theater, with Republicans […]
MoreNumerous Myths and Falsehoods Advanced by the Media in Their Coverage of the American Recovery and Reinvestment Act
Media Matters for America previously identified numerous myths and falsehoods advanced by the media in their coverage of the American Recovery and Reinvestment Act. As debate on the bill continues in Congress, other myths and falsehoods advanced by the media about the recovery package have risen to prominence. These myths and falsehoods include: the assertion […]
MoreGoldman Sachs Tax Rate Drops to 1%- From 6 Billion to 14 Million
By Christine Harper Dec. 16 (Bloomberg) Goldman Sachs Group Inc., which got $10 billion and debt guarantees from the U.S. government in October, expects to pay $14 million in taxes worldwide for 2008 compared with $6 billion in 2007. The company’s effective income tax rate dropped to 1 percent from 34.1 percent, New York-based Goldman […]
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