Tag Archives: Bailouts

Bring back Glass-Steagall! John McCain (and Maria Cantwell)’s very good idea

TDB has a piece focusing on one way Sen. John McCain could use his trademark peevishness for good: The Obama administration is talking tough but acting tame with respect to Wall Street. But a pair of senators is coming out … Continue reading

Posted in Bailouts, Politics, Wall Street | Tagged , , , , , , , , , | 1 Comment

Thanks for the ballpark, suckers!

The really bad Marlins stadium deal is even worse than that. Surprise, surprise, George Burgess! … It’s going to cost more than the developer’s friends on the city and county commissions said it would, and Miami-Dade taxpayers are going to … Continue reading

Posted in Local news, Local politics, News and Current Affairs, The Economy | Tagged , , , , , , , , , , , , , , | 3 Comments

Don’t call it a bailout: Marlins to get a practically free, publily financed stadium … to have

My friend Tony Romano got arrested. Other than that, not much stood in the way of final approval by the Miami-Dade Commission of a $634 million baseball stadium (in a recession no less) for which the fan-free Florida Marlins will … Continue reading

Posted in Bailouts, Florida, Local politics | Tagged , , , , | 59 Comments

I seize your assets!

The Obama Treasury Department will seek new authority to do to non-bank failures what they can already do to bank failures. Seize them.

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Give it back!

Needed a break from blogging, so I took Monday off. And while I was away? 18 of the AIG … er … AIU … bad job bonuses decided to give them back: It had been a brutal week inside AIG … Continue reading

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WTF??? AIG is suing who?

… us. While the American International Group comes under fire from Congress over executive bonuses, it is quietly fighting the federal government for the return of $306 million in tax payments, some related to deals that were conducted through offshore … Continue reading

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Headline: Banks threaten to continue failing if bonuses are taxed

If you listen very, very closely, you can almost hear the sound of Wall Street profiteers weeping into their silken pillows… A quickly assembled House bill was approved 328 to 93. It struck hard at Wall Street’s compensation system, which … Continue reading

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If you give a rich guy a stadium…

So … we’re all pissed off (and rightly so) about the AIG Failure Bonuses, and about Vikram Pandit’s “Pimp My Citigroup Remodel (complete with subzero fridge) … and the bonuses at Merrill Lynch before they got sucked up by B … Continue reading

Posted in Bailouts, Florida, Local politics | Tagged , , , , | 2 Comments

Burning questions: does Geithner have to go?

Tim Geithner hasn’t had a single good day since becoming Treasury Secretary. He’s faced multiple theoretical votes of “no confidence,” from Congress, from the financial media (a/k/a Wall Street’s public relations A-team) and from the general press. He’s looking more … Continue reading

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AIG: Let us eat cake

The AIG bonus brigade launch a charm offensive: AIG’s new management team last year proposed that its employees give up their “retention” bonuses, or at least reduce them. The response from the 370 or so employees set to rake in … Continue reading

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