Showing posts with label Bailout. Show all posts
Showing posts with label Bailout. Show all posts

August 3, 2014

Ayn Rand’s libertarian “Groundhog Day”: Billionaire greed, deregulation and the myth that markets aren’t free enough

Ayn Rand’s libertarian “Groundhog Day”: Billionaire greed, deregulation and the myth that markets aren’t free enough

"I am sure that the next few corporate scandals and financial crises will be just as shocking and unforeseen as were their predecessors. Of course, we have no way of knowing what those particular disasters will be until the day they crush our 401(k) accounts or ring the Fed’s bailout bell. But we can predict their broad outlines, thanks to the template provided by Enron.
The primary component of the modern scandal is deregulation, either by law or by the de facto dumbing down or hacking back of the supervisory offices of government."

September 2, 2012

Mitt Romney's Federal Bailout; Bain Investigated for Tax Evasion

Mitt Romney's Federal Bailout; Bain Investigated for Tax Evasion
"Mitt Romney may not "apologize" for his success in business, but more importantly, you'll also likely never hear him say "thanks" to the American people for the Federal bailout of Bain Capital."

August 23, 2012

Federal Reserve Sells Last Of Its Stake In AIG, Turns $18 Billion Profit

Federal Reserve Sells Last Of Its Stake In AIG, Turns $18 Billion Profit: The Federal Reserve of New York sold the last of its stake in American International Group (AIG), the insurance giant bailed out by the federal government in 2008. In selling the last of its assets related to the AIG bailout, the Fed earned an $6.6 billion profit for taxpayers, bringing its total profits from the [...]/p