Tales from the Trail

Romney looks to give Bernanke the boot

April 26, 2012

U.S. Federal Reserve Chairman Ben Bernanke attends the International Monetary and Financial Committee (IMFC) meeting during the spring IMF-World Bank meetings in Washington April 21, 2012.

Think brussels sprouts and cauliflower are agricultural commodities? Think again.

October 19, 2010

While the financial bailouts tossed to automakers, banks and other groups during the recent economic crisis left a funny taste in the mouth of some Americans, one former U.S. regulator hopes efforts to prevent another panic doesn’t go rotten.

The First Draft: Executive pay crackdown

October 22, 2009

For a quiet day, there was surprising consensus among editors about the top news — big-time bankers who got government bailout money are going to get their paychecks slashed.

Tell us what you really think Senator Grassley

March 17, 2009

WASHINGTON – How outraged can they be?

U.S. lawmakers are clearly outraged by the $165 million in bonuses being paid to executives at bailed-out insurer American International Group. For the last two days, they’ve been talking about it in press releases,  at news conference and in speeches on the floor of the Senate and House.

First Draft: Monday’s blue mood — AIG outrage

March 16, 2009

It’s on front pages, news shows and all over the Web: outrage at the bailout of AIG, AIG/ the troubled insurance giant that — so far — has gotten $173 billion in U.S. taxpayer money and has given out $165 million in bonuses to the very executives who brought the company to its knees.

Bold budget boosts bailout

February 27, 2009

USA-OBAMA/How do you buy $750 billion of toxic bank assets with only $250 billion of taxpayer money?

Fed staff in trouble, but cited for raise, too

February 25, 2009

USA/It’s not just U.S. stocks that are on a roller coaster ride in reaction to congressional testimony by Federal Reserve Chairman Ben Bernanke and other top officials.

When is a housing crisis like venereal disease?

February 20, 2009

If you’re among those upset that your taxpayer dollars may be spent in volume to rescue people who — for whatever reason — can’t make their mortgage payments, Federal Financial Analytics analyst Karen Shaw Petrou recommends thinking about it this way:

First draft: Wall Street CEOs, Geithner head to Hill for grilling

February 11, 2009

When Treasury Secretary Timothy Geithner made his long-awaited speech on Tuesday to unveil the administration’s bank rescue plan, the stock market tanked. Traders said the nearly five percent drop was caused by a lack of specifics in Geithner’s announcement that the government would spend up to $2 trillion to mop up bad bank assets and revive lending.USA/

The First Draft: Friday, Jan. 9

January 9, 2009

FINANCIAL/

Who gets the billions?

The incoming Obama administration is preparing a major overhaul of the $700 billion financial bailout amid rising complaints in Congress that the payouts are not going to the right people.