Tag Archives: Bailout

Let Them Go Bankrupt!

Posted on January 13, 2012 at 5:30 pm by JM Ashby

Fortunately, President Obama did not follow Mitt Romney’s advice. The American auto-industry, the industry which this country was built on, is making a comeback. American automakers plan to hire thousands of workers in 2012 as sales continue to rebound, yet … Continue reading →

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AIG Executive Sues Government for Bailout

Posted on November 25, 2011 at 8:10 am by Bob Cesca

No, that’s not an Onion headline. Former AIG CEO Hank Greenberg is suing the government for the bailout. Starr International, the company run by the former head of insurance giant American International Group (AIG), has filed a $25 billion lawsuit … Continue reading →

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Republican Bailout for the Wealthy

Posted on August 23, 2010 at 5:21 pm by Bob Cesca

As we’re all aware, TARP — the bailout signed by President Bush — is one of the primary targets of tea party Republican screeching. They also bitch about the stimulus, but I think many of them tend to confuse the … Continue reading →

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The Contradictions of Sarah Palin

Posted on February 7, 2010 at 11:18 am by Bob Cesca

My third and hopefully final Palin post of the day. Last night, she referred to the bailouts as a “slush fund” and “crony capitalism” and “public irresponsibility.” For the record, she supported the bailouts. She later asked, “Where are the … Continue reading →

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Suck it, Banks

Posted on January 14, 2010 at 1:58 pm by Bob Cesca

The president is going after the banks in other ways besides new regulations. Specifically, he intends to impose a new fee: “We want our money back, and we’re going to get it. That’s why I’m proposing a Financial Crisis Responsibility … Continue reading →

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Thank You, Michael Moore

Posted on September 25, 2009 at 2:11 pm by Bob Cesca

This is outstanding. Michael Moore on CNN with Wolf Blitzer: Part 2:

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Schizoid

Posted on September 22, 2009 at 8:21 am by Bob Cesca

Glenn Beck one year ago. Looooooves the bailout. Thinks it’s too small, actually. Here’s Glenn Beck in January ripping the bailout: And yesterday: He [Obama] will say that Bush started us down the path toward socialism, and he’d be right … Continue reading →

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American Justice and ACORN

Posted on September 17, 2009 at 10:28 pm by Bob Cesca

This is the complete list of banks that we bailed out. It was the criminally irresponsible behavior of these corporations that helped to drive the world to the brink of economic collapse. And they’re just as unregulated by the government … Continue reading →

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Daddy's Gonna Pay For Their Crashed Car

Posted on June 9, 2009 at 4:05 pm by Bob Cesca

Yglesias on the ultimate impact of the TARP bailouts: At the end of the day, the valuable thing that systematically significant institutions got from TARP was not so much the TARP money as investors and creditors’ knowledge that money would … Continue reading →

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Elizabeth Warren on Maher

Posted on May 16, 2009 at 2:25 pm by Bob Cesca

I was extraordinarily impressed with Elizabeth Warren, chair of the Congressional Oversight Panel. I think Maher was, too.

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