Geithner Paid AIG Counterparties in Full Because He ‘Lacked Leverage’ With Banks
To which TARP inspector general Neil Barofsky says: "Hello, you're their regulator. THAT'S your leverage."
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All Blog Posts Tagged:
‘the greatest depression’
Severance Economy Next Shoe to Drop?
Some of the people laid off during the Greatest Depression have been unable to adjust to their new environment, to their (and our) peril.
Recession Prompts Americans to Make Huge Sacrifices
A stay-at-home mom goes without an important condiment.
Dow Closes Weirdly High
"You would never go to the grocery store and pay a higher price because someone else did, but that's what happens in stocks."
New York Gets Bonus Unemployment Benefits for Being Really Unemployed
To keep over one million Americans from losing unemployment benefits, the senate voted unanimously to pass legislation extending benefits across the country.
‘Cash for Clunkers’ Hugely Successful at Buying People New Pickup Trucks
If you thought people were trading in their old Ford F150s for Toyota Priuses, you were horribly wrong.
Burglars Now Too Poor to Afford Proper Masks
A pair of criminals tried to disguise themselves using household goods. Failed.
Can a Recession Be Over If No One Believes That It Is?
These are the questions we ponder as the economy technically grows, but our lives continue to suck.
50 Cent Will Teach You to Be Rich
The noted financial commentator and artist sees opportunity in the recession.
Dopamine: The Fashionable Neurotransmitter for 2009
Can a science piece about a brain chemical be linked to the recession?
William J.B. Brady: The White Knight of the Pink Castle
The Credit Suisse banker buys the undervalued Palazzo Chupi triplex.
The Financial-Crisis Lit Cheat Sheet
The best bits from the flood of books recapping last year's Wall Street meltdown.
Greenwich Residents Forced to Sell Heirlooms Off the Side of the Highway
"They show up dressed very fancy, maybe wearing their Rolexes," but their starving bodies and hollow eyes reveal their desperation — to be on television.
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