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Bailouts

The Leonard Lopate Show

The CEOs Who Stayed On After The Financial Crisis

Wednesday, March 18, 2015

Most of the CEOs who led Wall Street to the brink of collapse in 2008 got huge payouts as their firms went under, but others stayed at the helm.

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The Brian Lehrer Show

Cyprus and the Latest Debt Crisis

Tuesday, March 19, 2013

Cyprus is the latest EU country to face bankruptcy - and potentially bring down the rest of the region with it. Joseph Cotterill, reporter for Financial Times Alphaville blog, discusses the EU's efforts to tax bank deposits - including those of regular Cyprians - and the fierce resistance to the plan.

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NYPR Archives & Preservation

I'm Changing My Name to Chrysler

Tuesday, February 28, 2012

WNYC
Folk troubadour Tom Paxton addresses corporate bailouts and The Chrysler Corporation Loan Guarantee Act of 1979 in this clever send-up.
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It's A Free Country ®

Explainer: Is Glass-Steagall Back? And Would it Prevent the Next Financial Crisis?

Wednesday, November 30, 2011

Bloomberg News reports what the Federal Reserve wouldn't: that the United States' central bank committed $7.77 trillion to bailing out the financial industry in the wake of the 2008 crisis, netting banks $13 billion in profits in the process.

The Fed's bailout package was more than ten times ...

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The Takeaway

Citibank as a Government Entity?

Wednesday, April 13, 2011

Many of the big banks received huge bailouts from the government during the great recession. If they faced a crisis again, what would stop them from expecting another bailout the next time around? That question has led one Fed official, Thomas Hoenig, president of the Kansas City Fed, to raise the issue of whether big banks should be reclassified as government sponsored entities, kind of like Fannie Mae and Freddie Mac.

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The Takeaway

JP Morgan Decision Could Put New Obligations on Banks

Monday, April 11, 2011

If JP Morgan loses a current class action suit, big banks may have to take more responsibility for informing their clients when a deal or a financial instrument raises red flags. New documents have surfaced in a class-action suit a group of pension funds is leading against JP Morgan. They show that during the financial crisis, JP Morgan executives realized a certain investment entity called Sigma was going under. They hedged their own bets, but didn't let their clients — the group of pension funds now suing — know of the danger. If JP Morgan loses this case, big banks may be obliged to intervene in such matters. Louise Story, whose piece on the suit was just published in The New York Times, tells us more. 

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It's A Free Country ®

Aftershocks of the Financial Crisis

Thursday, February 10, 2011

I believe we need to be much more aggressive in trying to help people who can make a level of payments stay in their homes… We have created a tangled web and I believe we need much more forceful action.

— Phil Angelides, Financial Crisis Inquiry Commission chairman on the Brian Lehrer Show.

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The Takeaway

Political Turmoil in Ireland Amid Economic Woes

Monday, January 24, 2011

The Irish government is in the unprecedented situation of having a leader of parliament who does not head up his own party. On Saturday, Taoiseach (leader) Brian Cowen stepped down as head of the ruling party, Fianna Fail, after the resignation of key ministers a few days earlier. And yesterday, the government's coalition partner, the Green Party, withdrew its support. Now elections that were scheduled for mid-March will most likely happen in the next few weeks. And the fate of a finance bill that was to complete the IMF bailout is uncertain.

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The Takeaway

Should the Government Have Earned More from TARP?

Tuesday, October 05, 2010

Under the unpopular bank bailout program, the Troubled Asset Relief Program, better known as TARP, the government invested money in struggling banks, and eventually got something in return. But the program's end got Louise Story, Wall Street and finance reporter for our partner The New York Times, thinking about whether the big banks got a better deal than the government did, when everything was said and done.

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The Takeaway

AIG and Federal Government Reach Deal on TARP Repayment

Friday, October 01, 2010

Insurance giant AIG has reached an agreement and a plan with the federal government to pay back some $70 billion given to the company in 2008 as part of the Troubled Asset Relief Program, just before their two-year deadline on October 3. Under the agreement, the Federal Reserve Bank of New York will remove it's ties to American International Group, and the Treasury will increase it's stake to 92 percent, gradually bringing the shares it owns from preferred to public to transfer the control back out of government hands. But is the public buying? Louise Story gives us the latest.

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It's A Free Country ®

Car Czar Looks Back at The Bailout

Wednesday, September 22, 2010

It would have been the economic equivalent of an atomic bomb on the midwest."

-Steven Rattner, President Obama's former car czar and author of Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry in America on The Brian Lehrer Show.

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The Brian Lehrer Show

30 Issues in 30 Days: Auto Bailout

Wednesday, September 22, 2010

Steven Rattner, President Obama's former car czar and author of Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry in Americadiscusses his new book and whether the bailout of the auto industry was good for America.

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The Takeaway

Banks: The Regulation Debate Continues

Friday, January 15, 2010

As the Financial Crisis Inquiry Commission continues hearings on Capitol Hill this week, so does the debate over regulation. The head of the Congressional Oversight Panel for the Bank Bailout, Elizabeth Warren, called for sweeping regulation on the show yesterday. Today, we a get a response from the industry.

 

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