US companies such as General Motors and Chrysler that received federal bailout money are giving generously to political candidates - even those who campaigned against the bailout legislation, writes T.W. Farnam.
Bailout
Greece bail-out defuses crisis … for the moment, anyway
The deal by eurozone finance ministers to approve an emergency aid mechanism for Greece will reassure markets that Greece will not implode — for the time being.
Financial crunch: the new lame ducks are queuing up
The crunch may be over in the minds of bonus-focused bankers, but the horrible reality is that it’s still alive and merely resting. The Dubai bailout by Abu Dhabi simply highlights the risk.
Country clubs and corporate jets: perks continue at bailed-out banks
When the US government was bailing out their banks to the tune of hundreds of billions of dollars last year, big banking executives were receiving more perks and bonuses than usual, according to new corporate disclosures.
GE makes a tidy sum from bailout loophole
The world’s largest industrial company, General Electric, has quietly become the biggest beneficiary of one of the US government’s bank rescues. The only hitch is, it’s not exactly a bank.
GE scores billions from bank bailout loophole
General Electric have become the biggest beneficiaries of the US government’s bank bailout scheme — despite not even being a bank.
Don’t bail-out California
California is completely, totally, irreparably hosed, says Megan McArdle. It will go bankrupt — and we should let it happen.
Obama’s auto bailout: spin, lies and layoffs
An auto industry “bailout” that shutters productive factories and dealerships, and lays off tens of thousands of workers, is not change that we can believe in, says John Nichols.
Citigroup the thin end of the US wedge
The US government’s bailout of Citigroup chafes with a raft of recent economic data showing the US economy won’t stabilise until the cause of the crisis, tumbling house prices, recover writes Glen Dyer:
The wonderful world of bank bailouts: the list keeps growing
The bailouts keep coming, this time in Latvia, Turkey, Hungry and Pakistan, writes Glenn Dyer.
Local market climbs again as global bailout takes shape
While the Australian made some gains this morning, Europe and America weer finalising the details of their rescue packages for stricken banks, writes Glenn Dyer.
Global market wrap: Everywhere you look, carnage
Markets everywhere have taken massive losses overnight. Here’s a guide who lost what, and what the pundits think about it. Compiled by Glenn Dyer and Thomas Hunter.
Bailout. It’s Allliiive…
The tortured success of the bailout bill marks a moment in US in political and economic life. But now the hard work really starts. By Glenn Dyer.
Even if the bailout got through, $700bn is not enough. Here’s why
$700bn sounds like a,ot of money, and it is. But it’s trying to bail more than 10 times that much. Adam Carr, senior economist at ICAP Australia, explains why it won’t be enough to forestall a recession.
At White House, McCain plays bailout spoiler
The Huffington Post reports that John McCain was one of the only key players not to come to agreement with the government’s bailout plan.
Forget Wall Street, this is the real bailout plan
Buried by the flood of bad financial news and the wobbly fate of the $US700 billion bailout, US politicians are are close to pulling off a swifty of epic proportions, writes Glenn Dyer.
America’s bailout plan: The doctor’s bill
The Economist reports on the chairman of the Federal Reserve and the treasury secretary briefing to Congress which gives a gloomy prognosis for the economy, and proposes a drastic remedy.
Analysis: What actually happened yesterday
Writing in Time’s Swampland blog, Joe Klein says John McCain’s handling of the current bailout negotiations and the decision to suspend his campaign point to a lack of measured response to times of crisis: “John McCain faced another crisis yesterday — a political one, not the financial emergency he used as an excuse for his rash actions — and […]
