Sweet Payoffs for Troubled Industries’ CEOs
Even as the Dow flirts with the 7,000s, not everyone is suffering. The Wall Street Journal today looks at CEOs in companies directly related to the financial crisis -- including mortgage financers and insurers, student loan companies and home builders -- who have done quite nicely, thank you very much.
The Journal's analysis looks at executive compensation and stock sales for the period between July 2003 and June 2008. At the top of the list of those who enriched themselves is Charles Schwab, CEO of the brokerage firm of the same … more…
Bailout II: Bail Harder
In order to keep tabs on how the Treasury Department is handling the $700 billion bailout, Congress split up the payments. The first $350 … more…
AIG’s Risk Models Missed Major Risks
It seems just about every week we hear about more money the government is funneling to insurance giant AIG. Today’s Wall Street Journal … more…
Bailed Out Banks and Their Billions in Special Bonuses
With the noises from Congress growing louder, Wall Street says it’s getting the message. Top executives are "in discussions to possibly … more…
Did AIG Hide Its Losses?
Since mid-September, the government has doled out hundreds of billions in loans. And so far, the bailout of AIG seems by far the riskiest … more…
Gitmo Tribunal: Things Fall Apart
Prosecutors at the war crimes tribunals in Guantanamo Bay can’t be feeling very upbeat nowadays. Over the last six months, nearly every … more…
Dems Warn Banks: Lend Bailout Money—or Else
We’ve been pointing out for the past week that the government’s bailout money to banks doesn’t actually require the banks to lend out the … more…
Banks to Use Bailout Bucks for Mergers
The Treasury Department’s capital injection program is well underway, with more than $150 billion total now promised to around 30 banks. … more…
Why Did Treasury Allow Lehman to Fail?
Many economists say one of the key triggers for the credit markets’ near collapse was the fall of Lehman Brothers. The government’s … more…
Gitmo Dismissals Don’t Include One of Most Problematic Cases
The Pentagon yesterday dismissed war crimes charges against five detainees at Guantanamo Bay. The military's short press release gave no … more…
Admin on Gitmo: We’re Staying the Course
In perhaps one of the least surprising developments of recent months, the New York Times, citing "senior administration officials," … more…
