Wednesday
Jul252012
LINKS: The Secret Tool Mario Draghi Uses to Run Europe, Regulator Testifies 'Peregrine Fraud Fooled Us', Disgraced Solyndra Figures Attend Swank Obama Fundraiser
Obama tours a Solyndra manufacturing facility in happier times...
- NFA Congressional Testimony - Peregrine Fraud Fooled Us
- ALL IS FORGIVEN - Disgraced Solyndra figures attend swank Obama fundraiser
- The Secret Tool Mario Draghi Uses to Run Europe
- Reuters Analysis: Big banks' glory days feared to be gone for good
- OOPS! - Greece Will Need $250 Billion Bailout Restructuring
- GDP MISS - Britain sinks far deeper into recession than forecast
- Fed strives to replenish depleted toolkit - Reuters
- CHART - Are Canadians Richer Than Americans?
- Think you've read the worst about foreclosure fraud? Read this
- LAWSUIT: Morgan Stanley Conspired With S&P To Inflate Ratings
- Mexico Fines HSBC $28 Million For Failing To Prevent Money Laundering
- RT's Lauren Lyster With Lew Rockwell - The Financial Blogging Counterculture
Jul 25, 2012 at 1:55 PM
Reader Comments (1)
Bailed-out banks still struggling to repay government
http://www.reuters.com/article/2012/07/25/us-usa-banks-idUSBRE86O05Y20120725
Bungled Bank Bailout Leaves Behind Righteous Anger
" For example, Treasury continues to offset expected TARP losses by declaring the more than 500 million shares of stock that the New York Fed received in return for a pre-TARP bailout of AIG (AIG) as part of “Treasury’s investment.” Similarly, Treasury’s projections don’t include, or make reference to, the potentially enormous losses in future tax revenue from AIG, Citigroup Inc. (C), General Motors Co., and others that Treasury exempted through a change in Internal Revenue Service rules."
in full
http://www.bloomberg.com/news/2012-07-22/bungled-bank-bailout-leaves-behind-righteous-anger.html
Obama's TARP team helped banks, betrayed homeowners
http://washingtonexaminer.com/examiner-editorial-obamas-tarp-team-helped-banks-betrayed-homeowners/article/2502917