All Posts In bailout » Brooklyn Bodega

  • 14Jan

    “Financial Crisis Responsibility Fee” For Bailout Banks

    President Obama plans to call on Thursday for taxing about 50 big banks and major financial institutions for at least the next decade to recoup all taxpayer losses from the bailout of Wall Street. The tax on banks, insurance companies

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    By EbonyPeace in News No comments yet
  • 02Nov

    Yet Another Tax…Payroll Tax

    From NYT For subway and bus riders in New York, a $1.9 billion bailout in May from Albany meant that the Metropolitan Transportation Authority did not have to drastically cut service and raise fares. But the price for that bailout

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    By brooklynbodega in News No comments yet
  • 30Sep

    The Bailout Cop

    From CNNMoney Bailout cop Neil Barofsky is on the lookout for scammers and thieves. The special inspector general will soon release results of an audit of the money given to the nine largest banks, with a focus on the Bank

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    By brooklynbodega in News No comments yet
  • 20Apr

    Bank of America earns profit – surprise!

    Bank of America said this morning it earned $4.2 billion in the first quarter, the latest success for the government’s intervention into the banking industry. The company’s earnings came mostly from its acquisition of investment bank Merrill Lynch, a deal

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    By brooklynbodega in News No comments yet
  • 14Apr

    Goldman Sachs to repay bailout $

    Goldman Sachs Group Inc., buoyed by profit that exceeded the most optimistic Wall Street estimates and a 54 percent jump in its stock price, plans to raise $5 billion to repay federal rescue funds and shed government limits on executive

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    By brooklynbodega in News No comments yet
  • 23Mar

    Tres Sec'y feels more heat

    Nobel-prize winning economist Paul Krugman said in remarks published on Monday that the latest U.S. Treasury bailout program is nearly certain to fail, triggering a sense of personal despair. U.S. Treasury Secretary Timothy Geithner on Monday unveiled a plan aimed

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    By brooklynbodega in News No comments yet
  • 15Mar

    AIG bonuses

    White House officials and some members of Congress reacted strongly Sunday to news that insurance giant AIG had intended to pay out $165 million in bonuses and compensation. The company has received at least $170 billion in federal bailout money.

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    By brooklynbodega in News No comments yet
  • 02Mar

    AIG gets more of your money

    The federal government agreed Monday morning to provide an additional $30 billion in taxpayer money to the American International Group and loosen the terms of its huge loan to the insurer, even as the insurance giant reported a$61.7 billion loss,

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    By brooklynbodega in News No comments yet
  • 24Feb

    The Bailout

    The Bailout @ Sutra Lounge Double-O Mick Boogie DJ Parler Thursday, February 26, 2009 10:00 PM – 4:00 AM 21+ FREE | Free with RSVP via email below thebailoutparty@gmail.com Sutra Lounge 16 1st Ave. btwn 1st & 2nd St. |

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    By brooklynbodega in Bodega Approved Events No comments yet
  • 16Jan

    More Free Money

    “The Treasury Department and the Federal Deposit Insurance Corporation said they will invest $20 billion in Bank of America The Federal Reserve also is ready to backstop “residual risk in the asset pool” if necessary.” From Market Watch This is

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    By brooklynbodega in News No comments yet
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