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Obama's pay limits: Read the fine print
Spin CycleObama's proposed $500K limit on executive compensation at bailed out Wall Street firms seems to be less than meets the eye: 1. It won't be retroactive, and seems to imply that Obama won't go after the Wall Street recipients......Tags: Standards, Litigation and Regulation, Citigroup Incorporated, Employment, Government
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Wednesday morning ten: Daschle fallout?
Spin CycleReacting to disclosures last week that Wall Street paid out $18 billion in bonuses while receiving taxpayer assistance last year, Obama is proposing a $500,000 pay cap on executives whose companies get rescue funds. Daschle's withdrawal on Tuesday could.....Tags: Government, Judd Gregg, Caroline Kennedy, Barack Obama, National Government
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Jan. jobless rate 7.6 pc, 598k jobs lost
The SwampUpdated posting: by Maura Reynolds The economy appears to be in a freefall, with jobs disappearing at an accelerating rate and the unemployment rate already reaching 7.6%, the government said today -- worse than most economists had expected. The Labor.......Tags: Financial Markets, Career and Workplace, Business, Banking, Job Layoffs
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Bankers say they 'get it' on bailout
The Swampby Frank James Vikram Pandit, Citigroup's chief executive officer, is really, really sorry his company was going to buy that French-made private jet and it won't happen again. Pandit told lawmakers at a House hearing today: Mr. Chairman, the......Tags: Barney Frank, Health, Maxine Waters, Citigroup Incorporated, Morgan Stanley Dean Witter & Company
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Gregg quits Obama Cabinet, third loss
The Swampby Frank James and Mark Silva and updated at 5:30 pm Sen. Judd Gregg, the New Hampshire Republican whom President Barack Obama chose for Commerce secretary, has announced he is withdrawing his nomination in a stunning move, giving the new......Tags: Bill Richardson, Tom Daschle, Population and Census, Government, Judd Gregg
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Financial bailout-angst: 'People are mad'
The Swampby Mark Silva Outrage - that's what members of Congress are voicing at the bankers hauled before them to account for what happened with billions of bailout dollars. (See the Tribune Bureau's story below about the "masters of the universe''......Tags: Barney Frank, Foreclosures, University of Chicago, Stock Broking, Citigroup Incorporated
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Nationalizing banks gains GOP steam?
The Swampby Frank James Nouriel Roubini, the economist who warned of the financial collapse long before it happened, is making waves again, this time with an opinion piece he co-authored in the Washington Post in which he and fellow New York......Tags: United States, Maxine Waters, Newspapers, Mortgages, Citigroup Incorporated
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Citigroup gave $$ to signers of Mets' stadium letter
Spin CycleBy now it is well known that Reps. Dennis Kucinich (D-Ohio) and Ted Poe (R-Texas) urged Treasury Secretary Timothy Geithner to demand Citigroup cancel its $400 million, 20-year deal to put its name on the new New York Mets......Tags: Joseph Crowley, Long Island, Citigroup Incorporated, Imperial and Royal Matters, Timothy Geithner
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Bank takeovers looming despite WH spin
The Swampby Frank James Wall Street and financial institutions positively hate the idea of banks being nationalized and who can blame them? Nationalization would wipe out shareholders, including top officials at the financial institutions themselves who presumably...Tags: Heads of State, Health, Citigroup Incorporated, Government, Banking
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Yankees' Bank of America sponsorship bites dust
WatchdogInteresting piece from Rieber here about Bank of America's talks to become a major sponsor of the new Yankee Stadium falling through last month. It's unclear how this impacts the Yankees and whether they have found alternatives to replace that......Tags: Banking
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Randy Wittman, Erin Andrews, MSG, Mel Kiper, etc.
WatchdogI'm wearing my Newsday.com fleece pullover in the basement today instead of pajamas as a show of support (see post below). They gave it to me six or seven years ago for being so open-minded that I took a few......Tags: Radio Industry, ESPN (tv network), New York Mets
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Bank of America CEO prefers wife to athetes, coaches
WatchdogKenneth Lewis, the CEO of Bank of America, last week offered a passionate defense of the value of sports marketing, even though his company's mega-millions sponsorship of Yankee Stadium recently fell victim to the financial world's troubles. Lewis' best...Tags: Kenneth D. Lewis, Banking
Feb 4, 2009
|Blog| Newsday
Feb 4, 2009
|Blog| Newsday
Feb 6, 2009
|Blog| Chicago Tribune
Feb 11, 2009
|Blog| Chicago Tribune
Feb 12, 2009
|Blog| Chicago Tribune
Feb 12, 2009
|Blog| Chicago Tribune
Feb 15, 2009
|Blog| Chicago Tribune
Feb 20, 2009
|Blog| Newsday
Feb 21, 2009
|Blog| Chicago Tribune
Feb 26, 2009
|Blog| Newsday
Feb 27, 2009
|Blog| Newsday
Mar 16, 2009
|Blog| Newsday
Original site for Bank of America Corp. topic gallery.