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David Paul: With Wall Street Shorting the Dollar, It is Time for Congress to Pursue Fundamental Change
19 hours ago ago from Huffington Post
Just imagine how angry the American public would be if they knew the whole story. For months, we have listened to the whining from Wall Street. U.S. banks are having a record year, and they want to be paid a lot of money. Billions and billions of dollars. Public indignation is deep. After all, over the past year, we have watched as hundreds of billions of dollars of public money has been poured into bank balance sheets. We have--we are ...
Related contentCitigroup to repay $20 billion in bailout money
12 hours ago ago from U.S. News
Citigroup to repay $20 billion in bailout money NEW YORK (AP) -- Citigroup Inc. said Monday it is repaying $20 billion in bailout money it received from the Treasury Department, in an effort to reduce government influence over the banking giant. The New York-based bank was among the hardest hit by the credit crisis and rising loan defaults. It has received one of the largest bailouts of any banks during the financial crisis. The government ...
Related contentCitigroup Reaches Deal to Repay Bailout Billions
12 hours ago ago from The New York Times
Citigroup reached a deal early Monday morning to be the last of the big Wall Street banks to exit the government's bailout program, after persuading regulators that it was sound enough to stand on its own. Add to Portfolio Citigroup Inc Go to your Portfolio Citigroup executives announced a broad program that will replace the $20 billion of remaining federal aid with funds from private investors, facilitate the sale ...
Related contentObama To Bankers: Increase Lending : NPR
3 hours ago ago from NPR
Search hear continuous streams 24-Hour Program Stream NPR News and Shows hear the latest news [4 min 45 sec] Latest NPR Newscast Obama To Bankers: Increase Lending December 14, 2009 Audio for this story from All Things Considered will be available at approx. 7:00 p.m. ET ...
Related contentWells Fargo to Repay $25 Billion in TARP Money
35 minutes ago ago from The New York Times
Search All NYTimes.com Search DealBook Investment Banking Wells Fargo to Repay $25 Billion in TARP Money December 14, 2009, 6:33 pm Wells Fargo said late Monday that it would repay the entire $25 billion that it received in the government's banking bailout last year. It said some of the money would come from a $10.4 billion stock sale. The announcement by Wells Fargo came after Citigroup ...
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