Category: bailout

Paulson Protege Pellegrini on Bernanke’s Fed: “Sheer Lunacy”

Posted by: Peter Carbonara on November 16

Some smart people are feeling at least cautiously optimistic about the U.S. economy at the moment—among them BW’s own Jim Cooper. Paolo Pellegrini, however, is not. Which might be worth…

The Subprime Gift that Keeps Giving

Posted by: Mara Der Hovanesian on August 26

A lot of overnight sensation subprime lenders imploded after the speculative housing market bubble burst. But many of the biggest subprime players that not only made oodles of profits during…

George Soros: Obama Team Falls Short in Financial System Overhaul

Posted by: Mara Der Hovanesian on June 30

George Soros spoke to a full house of bankers, lawyers, Wall Street types and journalists this morning at Bryant Park Grill behind the landmark New York Public Library this morning….

Big Banks Pay Back TARP Funds—But Still Get Government Aid

Posted by: Adrienne Carter on June 17

Ever since the government gave the O.K. for 10 big banks to pay back the bailout funds, the firms have been rushing to return the money. But that doesn’t mean…

Returning Bailout Money Just a SideShow

Posted by: Mara Der Hovanesian on June 09

Treasury will allow 10 of the nation’s largest banks to repay $68 billion in government bailout money. One of them, JPMorgan Chase (JPM) quickly put out a press release quoting…

The Fed’s Selective Candor

Posted by: Matthew Goldstein on April 29

It seems not all requests for information are treated equally by the Federal Reserve. On April 26, The New York Times ran a long front-page story about Treasury Secretary Timothy…

Wilbur Ross’ $1 Billion Bet

Posted by: Adrienne Carter on April 28

Turnaround specialist Wilbur Ross says he wants to invest as much as $1 billion in Treasury’s plan to buy banks’ bad assets. So why aren’t other investors jumping on the…

Deutsche’s AIG Bailout

Posted by: Matthew Goldstein on April 24

We’ve heard a lot about how Goldman Sachs (GS)benefited from the federal government’s bailout of American International Group. But thanks to some new candor by the Federal Reserve, we’re learning…

Goldman Should Give It All Back

Posted by: Matthew Goldstein on April 14

If Goldman Sachs CEO Lloyd Blankfein wants to put his money where his mouth is, he won’t stop with just giving back the $10 billion in federal bailout money the…

The Government’s Gag Order

Posted by: Adrienne Carter on April 10

Big banks have reportedly passed the “stress tests.” But the Treasury doesn’t want them to talk about the results in their forthcoming earnings report. Will they keep their mouths shuts—and…

AIG’s Death Bond Play

Posted by: Matthew Goldstein on April 07

It would be ironic if the mega government bailout of American International Group (AIG)results in the once-mighty life insurer becoming one of the first major financial firms to sell “death…

Breaking Up is Hard to Do

Posted by: Matthew Goldstein on March 31

President Obama delivered a stern and badly needed warning to the nation’s automakers about the need to come up with a credible turnaround plan, or prepare for a bankruptcy restructuring….

Getting the Banks to Sell

Posted by: Matthew Goldstein on March 23

There’s one big problem with the Obama administration’s plan for detoxifying the banking system: it won’t work if the banks remain unwilling to take write-downs on troubled loans and securities….

AIG’s Mean Business

Posted by: Matthew Goldstein on March 19

American International Group (AIG) is supposed to be gradually winding down its now infamous structured finance division., which was responsible for the near collapse of the once giant insurer and…

The Next Bailout Battle

Posted by: Matthew Goldstein on February 06

Much of the debate in the bank bailout battle has focused on helping the banks rid themselves of securities backed by ailing home loans—many in the last stage of foreclosure….

Bailout Secrecy Has Got to Go

Posted by: Matthew Goldstein on February 02

There’s been a lot of talk about the need for more accountability in the bank bailout. But if the Obama administration is serious about achieving that goal it will have…

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BusinessWeek's Adrienne Carter, Jessica Silver-Greenberg, and David Henry deconstruct the mysteries of high finance, Wall Street, and hedge funds for pros and ordinary investors. E-mail them directly if you've got tips about big deals, a hedge fund, or even securities industry gossip.

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