Tag Archives: TARP

Did You Know Glass-Steagall Would Have Prevented AIG Blowout?

An interesting and fairly thorough argument for the necessity of Glass-Steagall was made in American Banker by Marcus Stanley, the head of the Americans for Financial Reform coalition, in answer to constant debating there and in the Wall Street Journal. … Continue reading

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Deutsche Bank Officer Says ‘Europe Is Extremely Sick,’ Demands Bailout Poison

Now not only Société Générale, but the British-German monster Deutsche Bank is demanding that the European Union suspend its “bail-in” rules and conduct a “European TARP” bank bailout to avert looming bank failures. Deutsche Bank chief economist David Folkerts-Landau, interviewed … Continue reading

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Is the Fed Behind Market Jump? Many Voices Say ‘Yes’

The Dow Jones “miraculously” soared to a 600-point spike on Wednesday, after losses of nearly 2,000 points over the previous three trading days. This has once again raised the obvious question of whether the Fed intervened to prevent the continuing … Continue reading

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Obama’s Bail-out/Bail-in of Wall St. Insurance

If you liked TARP, and then the QE 1, 2, 3, and 4 bail-outs, and then Dodd-Frank’s Title II bail-in of the banks, you are going to love what Obamacare will do for the Wall Street sub-division known as the … Continue reading

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JP Morgan Chase Smoked Out in Delaware, Lies About Glass- Steagall and Bail-outs, Stone Silent on Bail-in

21 June (LPAC) A dramatic confrontation occurred Wednesday at the Delaware State Senate, in the nation-wide battle for Glass-Steagall, as the mega-bankers’ lobby emerged from the shadows. The weekly meeting of the State Senate Banking Committee had listed three bills … Continue reading

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The Ongoing U.S. Bailout: A Five-Year Assessment

  3 Feb, 2013 (LPAC) We are now five and a half years into the biggest bailout in history. The original panic has been quelled, the banks—and the derivatives markets—saved for the moment by huge government subsidies and regulatory malfeasance, … Continue reading

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Another Argument for Glass-Steagall: “Secrets and Lies of the Bailout”

Under that title, financial investigative reporter Matt Taibbi delves deep into the deceptions and secret dealings of the Bush and Obama Administration’s Wall Street bailouts, in a lengthy article in Rolling Stone. Even though Taibbi doesn’t refer to Glass-Steagall in … Continue reading

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