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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: Citigroup Incorporated, Corporate Officers, Insurance, Financial and Business Services, White House
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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: Job Layoffs, New York, Financial Markets, Bank of America Corp., Economy, Business and Finance
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Chuck and the bailout: Saving a failed status quo?
Spin CycleIn mid-January, NY Sen. Chuck Schumer was "very interested" in a Wall Street bailout that would have the US acquire toxic assets from troubled financial firms and sequester them in government-owned "bad bank." But last week, he drew tons......Tags: State Budgets, United States, Politics, Bankruptcy
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Will Obama get tough on banks?
The Swampby Frank James Simon Johnson, the Massachusetts Institute of Technology economist whose Baseline Scenario blog is one of the best-read on economics, asks a key question regarding Treasury Secretary Timothy Geithner's plan to revive the credit markets....Tags: National Government, Massachusetts Institute of Technology, Politics, Timothy Geithner, Democratic Party
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Geithner and bankers win in new bailout
The Swampby Frank James It looks like there was a debate within the Obama Administration pitting those with populist sensibilities against those with a soft spot for plutocrats how to handle the next financial bailout and those for the plutocrats won.......Tags: Celebrities and Bad Behavior, National Government, The New York Times, David Axelrod, Business Institutions
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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: Bank of New York Company, Citigroup Incorporated, Behavioral Conditions, Corporate Officers, Goldman Sachs Group, Inc.
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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: University of Chicago, Disasters and Accidents, Citigroup Incorporated, Foreclosures, Regional Authority
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Exec pay cap = Sen. Dodd job protection?
The Swamp(This posting has changed from the original version.) by Frank James You don't have to be a Wall Street money magnet to be concerned about the unintended consequences from a provision tucked into the $787 billion economic stimulus bill that......Tags: Greenwich, CNN (tv network), Financial and Business Services, Washington (Litchfield, Connecticut), U.S. Department of the Treasury
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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: Finance, State Budgets, Republican Party, Citigroup Incorporated, Diseases and Illnesses
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Who's winning the race for donations in Boca Raton's election?
Palm Beach Politics - Sun-Sentinel BlogsLooking at the first round of campaign finance reports, there's one clear standout: incumbent Councilman M.J. "Mike" Arts. He raised $34,045 and lent his campaign $4,500, which was almost as much as his opponent raised. Community activist Anthony...Tags: Fires, Republican Party, Disasters and Accidents, Crime, Law and Justice, Diseases and Illnesses
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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: Bank of America Corp.
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'Mr. Beef' goes to Washington
The Swampby Mark Silva The owner of a Chicago fixture facing foreclosure -- Mr. Beef Deli -- will offer himself to a congressional committee today as evidence of "the impact --or lack of impact'' that federal bailout funds are having on......Tags: Small Businesses, Diseases and Illnesses, Business Institutions, Parliament, United States
Feb 4, 2009
|Blog| Newsday
Feb 6, 2009
|Blog| Chicago Tribune
Feb 9, 2009
|Blog| Newsday
Feb 11, 2009
|Blog| Chicago Tribune
Feb 10, 2009
|Blog| Chicago Tribune
Feb 11, 2009
|Blog| Chicago Tribune
Feb 12, 2009
|Blog| Chicago Tribune
Feb 14, 2009
|Blog| Chicago Tribune
Feb 21, 2009
|Blog| Chicago Tribune
Feb 25, 2009
|Blog| Sun-Sentinel
Feb 26, 2009
|Blog| Newsday
Mar 4, 2009
|Blog| Chicago Tribune
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