Failed Banks Shouldn't Be Cash Machines for Disgraced Executives
Leaders from left to right agree that CEOs responsible for the failures should not profit from them.
The Hideous Double Standards of the Silicon Valley Bank Bailout
Bailouts for me, but not for thee. Kudos to Silicon Valle for winning this edition of cronyism in America.
Silicon Valley Bank: A Bailout Even a Conservative Can Love
I'm glad our leaders stepped in to protect all the bank's customers and make them whole, no matter how much they had in their accounts. Such decisive action surely prevented a broader collapse, protecting families, workers, and job creators nationwide.
Silicon Valley Bank Bailout Is a Disgraceful Political Payoff
Even as insolvency loomed, SVB still pledged "at least $5 billion in loans, investments, and other financing to support sustainability efforts."
U.S. bank collapse could spark global crisis: "Dr. Doom" Nouriel Roubini
"We're speaking about institutions with trillions of dollars of assets, not $400 billion like SVB," economist Nouriel Roubini told Newsweek.
China's Not to Blame for All of Sri Lanka's Woes
Some observers have blamed Sri Lanka's troubles on its dealings with China, which has made substantial investments in the country. Recently, CIA Director William J. Burns became the latest U.S. official in recent years to attribute Sri Lanka's economic crisis to Chinese debt. Of Sri Lanka's total foreign debt, loans from China's government are in the range of 10 percent to 12 percent. Adding Chinese commercial loans to a wider base of public and publicly guaranteed debt, a new analysis...
Biden's Student Loan Forgiveness Plan Is Idiotic and Immoral
American higher education needs a wrecking ball—not a bailout.
How Much Does it Cost to Help Stranded Workers?
Fiscal overreaction, untargeted aid and a raw deal for the young should not be repeated in any future fiscal responses given what we have learned from the CARES Act.
Serial Rapist Charged With Kidnapping Woman 3 Weeks After Being Freed
Massachusetts Bail Fund has been criticized for helping to release a dangerous criminal back on to the street.
How to Apply for a $100 'Littlest Bailout' From Country Time Lemonade
The company will send some little entrepreneurs $100 checks to offset losses caused by COVID-19 that put lemonade stands on hold.
Let's Take Big Money Out of America's Justice System
Using human beings as commodities to make money is akin to pre-Civil War slavery. But we can abolish for-profit prisons. We can stop companies from using underpaid prison labor. And we can enact bail reform.
Several Airlines Booking to Full Capacity Prompt Concerns Over COVID-19
American Airlines is re-joining several major U.S. air carriers in booking all flights to full capacity beginning July 1, ceasing the coronavirus pandemic precautionary measure of leaving at least one seat open between passengers.
State Lawmakers Against State Bailouts
Not every state legislator wants Congress to spend U.S. taxpayer dollars to bail out state governments.
Boeing Says Air Travel Won't Return to 2019 Levels for Two to Three Years
CEO Dave Calhoun predicted it will likely take several more years after 2021-2022 before long-term growth trends recover to 2019 rates.
Boeing, Airlines, Stoke Controversy With Bailout Pleas for at Least $110bn
Boeing and major U.S. carriers are struggling with the turmoil wrought by coronavirus and are pushing for lawmakers to bail them out.
AOC Blasts Trump $28B Farm Rescue, Questions Silence of 'Socialism' Critics
Ocasio-Cortez criticized Trump's use of $28 billion in taxpayer money to rescue farmers from his ongoing trade war with China, saying it's never called "socialism" when billionaires are buying rural voters.
Farmer Says He Still Hasn't Received Money From Last Farm Bailout
"These farmers are going to end in bankruptcy, and committing suicide and losing their farms and they're still talking about supporting the president," the president of the National Black Farmers Association said.
Farmers Reject Trump's $16 Billion Bailout; Call It 'Poor Remedy for Trade'
"While the aid package will help farmers pay their bills, this is not a long-term solution to the damages caused by lost markets," the Illinois Farm Bureau said.
Trump Wanted Father's Will Rewritten: Report
Fred Trump was, according to the sworn Trump family testimonies obtained by The New York Times, angered by his son's attempt to rewrite his own will without his prior knowledge or consent.
Greece Boasts Emergency Bailout Exit
The emergency loan from the European Stability Mechanism was just one part of a bailout of around $369 billion that will take Greece until around 2060 to pay off.
Taxpayers Will Pay for $12 Billion in Aid to Farmers
The Trump administration announced a $12 billion emergency aid package for farmers caught in the middle of his ongoing and escalating trade wars with China, Europe, Canada and Mexico.
Greece Will Not Accept 'Illogical' Bailout Demands
Prime Minister accused the IMF of coming up with "new demands for Greece; absurd, imaginary unreal."
Legislators' Finances Tied to Bank Bailout Vote: Study
Researchers conclude that congresspersons invested in bank stocks were far more likely to support the Wall Street rescue.
Eurozone Suspends Greek Debt Relief
Short-term debt relief was put on hold due to Greek plans to pay benefits to pensioners.
Row Between Creditors Could Damage Greek Bailout
IMF officials described the current plan as "simply not credible."
Why Deutsche Bank Is No Lehman Brothers
European banks are not about to collapse, yet some form of diversification could make sense.
Greek Debt Deal: Breakthrough Or Rip-Off?
A deal struck in the early hours of Wednesday has earned plaudits on the continent.
Europe Could Face a 'Lost Generation,' Report Warns
Soaring intergenerational inequality has hit the south the worst.
Fed's Kashkari: Break Up the Big Banks to Avoid Bailout
Neel Kashkari, a Goldman Sachs executive, called for Congress to take radical action to protect taxpayers.