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    Karl Rove's Book of Lies

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Entries Tagged as 'Banks & Financial Institutions'

The Arrogant Richard S. Fuld Jr. of Lehman Brothers and The Great Divide On Financial Reform

March 13th, 2010 · No Comments · Wall Street

The Old Man’s question is will anyone at these two companies be held responsible?

[Read more →]

Tags: Ernst & Young·Financial Crisis·Lehman Brothers·Richard S. Fuld

Quoting Worthy Quotes From Another Worthy Book

March 13th, 2010 · No Comments · Wall Street

March 13, 2010
Steven Pearlstein published his reviews today of the latest book on the financial crisis. Sounds like the most qualified of all books written on the crisis. I will read it. Meantime, I will leave you with only some comments from Pearlstein.

[Read more →]

Tags: Financial Crisis·Steven Pearlstein·The Big Short·Wall Street

More Meaningless “Guarantees”

March 5th, 2010 · No Comments · Wall Street

Did you ever wonder why people in certain positions continue to say “the debt doesn’t matter”? Well, here’s one reason they say that.

[Read more →]

Tags: Bank Bailouts·Barack Obama·Herbert M. Allison Jr.·Too Big To Fail

There Can Be Only One Answer To This

March 3rd, 2010 · No Comments · Senate

At an average interest rate of 5.6 percent that amounts to nearly $7 billion in interest earned by banks each year. So is it any wonder that banks and their political friends are fighting this tooth and nail?

[Read more →]

Tags: Sallie Mae·Student Loan Bill·Student Loans

Another Reason Bankers Love Taxpayers

February 27th, 2010 · No Comments · Big Business

February 27, 2010
Short Post - Quoted from an article written by the U.S. Secretary of Education
Under current law, taxpayers provide as much as $9 billion each year to subsidize guaranteed student loans issued by banks. The banks earn profits on the interest; if students default, taxpayers take the loss, not the banks. In other words, working [...]

[Read more →]

Tags: Banks & Bank Failures·Student Loans

Interesting Headlines of the Day – Wednesday, February 24, 2010

February 24th, 2010 · No Comments · Politics & Politicans

February 24, 2010
The following are a few of today’s headlines that bare acknowledgement and comment.
Wall Street Banks
Health Care Reform
Fired School Teachers
“Read More” for details.

[Read more →]

Tags: Banks & Bank Failures·Fired School Teachers·Health Care Bill·Health Care Reform·Politics & Politicans·Wall Street·Wall Street Reform

Goldman Sachs’ Blankfein Does It Again!

February 2nd, 2010 · No Comments · Wall Street

February 2, 2010
As you most certainly have heard by now, His Royal Highness Lloyd Blankfein, CEO of Government Sachs, has announced he has decided to pay himself another $100 million bonus for his outstanding, “above and beyond the call of duty”, leadership. Although Goldman has paid back the TARP funds, their continued existence is still [...]

[Read more →]

Tags: Lloyd Blankfein·Pay Packages & Bonuses

Morgan Stanley Defaults; No Word From CNBC

January 27th, 2010 · No Comments · News Media

Morgan Stanley defaults and CNBC is mum.

[Read more →]

Tags: CNBC·Morgan Stanley·Mortgage Defaults

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