Thursday
May062010
Thursday
May062010
James Kwak On Too Big To Fail Banks (VIDEO)
CBS Video: James Kwak of Baseline Scenario -- May 6, 2010
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As the FCIC continues to dig into the causes of the financial crisis with testimony from former Treasury Secretary Henry Paulson and current Treasury Secretary Tim Geithner, it might occur to even the most casual observer that banks are still pretty big. If we thought that banks were "too big to fail" in 2008, today it's scary to consider that the top 6 banks control an even larger share of the industry post Great Recession.
James Kwak, co-author with Simon Johnson of "13 Bankers" discussed what needs to happen to prevent banks from getting so big that they could potentially drag down the entire financial system.
Thursday
May062010
WATCH LIVE: Financial Crisis Hearings -- Testimony From Tim Geithner & Henry Paulson
Updated on May 6, 2010 at 7:55 PM by
DailyBail
Today's testimony:
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You can watch Hank Paulson's testimony HERE >>
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Paulson quotes from testimony >>
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Paulson testified this morning and Geithner is in the FCIC crosshairs now.
From C-Span
The Financial Crisis Inquiry Commission (FCIC) is on its final panel on the “Shadow Banking System”. Earlier, Treasury Secretary Timothy Geithner stated that the U.S. was “fundamentally inadequate” overseeing financial regulation. Also Fmr. Treasury Sec. Henry Paulson appeared earlier and noted that the financial bailouts still "remain very unpopular" with Americans.
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Some early reaction to today's testimony:
Paulson defends actions in financial crisis
Ex-Treasury Chief Paulson Says ‘Wolf Pack’ Menaced Bear Stearns
Paulson: U.S. wasn't ready for meltdown
Geithner says crisis could have been milder
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Wednesday
May052010
Audit The Fed -- Call Your Senators NOW @ 202-224-3121
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You can also sign the petition and generate and automatic letter supporting an audit of the Federal Reserve at:
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And don't forget Ron Paul's and Alan Grayson's website -- You can quickly send another automatic letter here:
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Thank you!
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We are tracking all the stories related to the Senate push:
UPDATE: Senate Battle To Audit The Federal Reserve
Wednesday
May052010
During White House Bailout Meeing, Barney Frank Erupted At Paulson, Screaming 'F**k You, Hank!' Repeatedly
And it's not the only bailout related revelation in Jonathon Alter's new book The Promise. McCain was a walking disaster, and Bush's face turned 'sour and quizzical' when Mr. Unprepared started speaking.
Tuesday
May042010
Senate Considers Throwing Wall Street Executives in Jail for Reckless Investments
Would you like the top bunk, Secretary Geithner?
Without a doubt, the best headline I've seen in months. Even better, it's not a joke.
Tuesday
May042010
Ron Paul & Alan Grayson With Dylan Ratigan: Audit The Freaking Fed (VIDEO)
Video: Paul and Grayson discuss efforts to ensure a full audit of the Federal Reserve is included in any financial reform package -- May 3, 2010
The interview begins near the 4:50 mark. Ratigan does a thorough introduction and review of reform for the first 4 minutes. No miss.
Tuesday
May042010
Creepy Orwellian Pennsylvania Tax Amnesty Commercial "Nice Car, Tom...We Know Who You Are" (WATCH)
Video: Television commercial from the PA Dept. of Revenue -- April 28, 2010
- "Nice car, Tom."
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