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21 Mar 2009, 5:19 am
Her husband probably makes over $100,000 and BAM, they get hit with a 90% tax on her bonus, and she has absolutely nothing to do with the bank's current problems. [read post]
20 Mar 2009, 3:22 pm
Where are the lawmakers pounding their fists and excoriating Big Ag execs in congressional hearings and on television, the way they do with banking execs? [read post]
19 Mar 2009, 6:30 pm
Sam Pizzigati of the Institute for Policy Studies has argued that AIG is but a bit player in Wall Street's drama of overcompensation: Congressional action to recoup these bonuses through taxes would be a positive step, but merely undoing the AIG bonuses will leave in place tens of billions of dollars in taxpayer subsidies for banks and corporations that routinely overcompensate their executives. [read post]
19 Mar 2009, 2:24 am
Selected federal documents below from Gallery Watch.com may include references to government reporrts, Congressional letters, draft bills, and other primary source materials. [read post]
18 Mar 2009, 10:10 am
" It fairly bristles with the kind of rewards the banking industry would love: better than bonuses, it could give them the kind of regulation they want. [read post]
17 Mar 2009, 11:22 am
Although the ascendance of a putatively progressive president and likeminded Congressional majority indeed may open up new opportunities to bridge the theory/praxis chasm, it also may pose serious challenges to the independence and even legitimacy of progressive critical theory movements. [read post]
16 Mar 2009, 7:04 am
Obama’s aides said any surge of such a sentiment could complicate efforts to win Congressional approval for the additional bailout packages that Mr. [read post]
15 Mar 2009, 5:59 pm
As this article noted: Just last month, Bank of America CEO Ken Lewis warned lawmakers at a high-profile Congressional hearing on the government’s $700 billion rescue plan that he had no doubts 2009 would be an “awful year” for the credit card industry. [read post]
14 Mar 2009, 1:01 am
There is a huge difference between stealing a newspaper and robbing a bank, both crimes are considered theft but both are differentiated by law and society. [read post]
13 Mar 2009, 9:10 am
Here’s Joe: Service Center Advice 199-017 . . . says that if the return is correct, but the bank mistakenly credits the wrong account, the bank has to make it up to their customer. [read post]
11 Mar 2009, 8:55 am
The FDIC needs to borrow up $500 billion dollars, in part because it collect no insurance premiums from most banks from 1996 to 2006.The Federal Deposit Insurance Corporation tried for years to get congressional authority to collect the premiums, but Congress believed that because bank failures were so infrequent there was no need.From the Boston Globe [read post]
10 Mar 2009, 3:44 pm
., president and CEO of the Connecticut-based Mary Elizabeth & Gordon Mannweiler Foundation, L3C Advisors CEO and the creator of the L3C model, Robert Collier, CMF president and CEO, and Steve Gunderson, president and CEO of the Council on Foundations, are currently working with congressional leaders to introduce a federal L3C bill. [read post]
9 Mar 2009, 5:34 am
Please read the Congressional Quarterly article to see this argument dissected.]Also, pork spending looks pretty bad when the government is telling people to tighten their belts, job losses and home foreclosures are soaring, and banks have received a trillion dollars in public assistance (also known as "welfare"). [read post]
8 Mar 2009, 8:48 am
It is a who's who of international and US banks and brokerage houses, lending credibility to the argument that a failure or default by AIG on it's guarantees would have caused a systemic collapse of major banks and brokers. [read post]
6 Mar 2009, 3:18 am
He's one of the TARP overseers - and just joined the board of a company affiliated with a TARP bank. [read post]
5 Mar 2009, 8:47 pm
Raines, Senate Banking Chairman Christopher Dodd and Senator Kent Conrad were among prominent Americans accused of receiving favorable treatment on loans from Countrywide CEO Angelo Mozilo. [read post]
5 Mar 2009, 5:43 am
Indeed, a Congressional Committee has even called for an examination of the reasons underlying the initial decision to undertake the investigation…. [read post]
4 Mar 2009, 10:26 pm
As a result of these actions, the complaint alleges, the defendants took control of 35,000 bank accounts, including those of the plaintiffs. [read post]
4 Mar 2009, 11:05 am
To email your Congressional representatives and the White House:www.nacba.org/TellCongressTo phone your Congressional representatives:TOLL FREE LINE: 877.354.4958 [read post]
4 Mar 2009, 2:49 am
On March 2, 2009, in an opinion with important implications for the availability of coverage when a company official has inculpatory knowledge at the time of policy formation, Judge Gerald Lynch of the Southern District of New York granted the motions for summary judgment of two of Refco’s excess D&O insurers, but denied the summary judgment motion of a third excess insurer. [read post]
