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Wall St feels tightening fed grip
The Swampby Frank James The not-so-invisible-hand of Washington reached out on Sunday and snatched the last two remaining big Wall Street investment banking firms into the world of increased federal regulation with the announcement that Morgan Stanley and...Tags: Morgan Stanley Dean Witter & Company, Bank of New York Company, Companies and Corporations, Central Bank, Federal Reserve
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Bill Clinton: 'Potential to be this bad'
The Swampby Mark Silva "Panic?...Painful recession? '' Are things all this bad? Former President Bill Clinton, who presided over the good times, was asked the question this morning. "I think it has the potential to be this bad,'' he said. Clinton......Tags: White House, John McCain, Harry Smith, Executive Branch, Citizens Initiative and Recall
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WaMu thunderclap in economic storm
The Swampby Frank James It wasn't a surprise that Washington Mutual, better known as WaMu, failed. For months It's been the thrift institution equivalent of a dead-man walking, finally being put to death by a run by its depositors, making it......Tags: Quarterly or Semiannual Financial Statements, Interior Policy, White House, Independence Community Bank Corporation, Florida
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Bailout's failure on Paulson's head?
The Swamp(Photo: SAUL LOEB/AFP/Getty Images) by Frank James As the fingerpointing continues following the House's failure to pass the $700 billion bailout, a lot of blame is going to Treasury Secretary Henry Paulson Jr. for first trying to run roughshod......Tags: Henry Paulson, Morgan Stanley Dean Witter & Company, American International Group, Newt Gingrich, $700 Billion Bank Bailout (2008)
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Bailout is now 'rescue plan'
The Swampby Frank James The conventional wisdom in Washington is that one reason the Bush Administration's proposal to buy toxic assets from financial institutions failed in the House earlier this week is because of bad marketing. The administration allowed the...Tags: Upper House, Mitch McConnell, Morgan Stanley Dean Witter & Company, Government, New York
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Senate bailout vote pressures House
The Swampby Mark Silva So it is the Senate that goes first with the bailout -- some call it rescue -- of the nation's bad-mortgage-clogged banking institutions, with a vote tonight of 74-25. The Senate's strong and bipartisan approval of a......Tags: Jeff Sessions, White House, Upper House, John McCain, Mitch McConnell
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Bailout crisis partly created in DC room
The Swampby Frank James After nearly every disaster involving Americans, there's the usual investigation to figure out why the plane crashed or the ship sank and to affix blame. The difference between most calamities and the present financial-markets meltdown is...Tags: Investments, John McCain, Investment Service, Regulatory Policy and Organizations, Christopher Cox
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Bailout czar identified
The Swampby Frank James Treasury Secretary Henry Paulson Jr., whose bald pate has become a fixture on our TV screens in recent weeks, has tapped his similarly bald protege Neel Kashkari as bailout czar. Kashkari, like Paulson, is a former Goldman......Tags: NASA, Government, Pennsylvania, Banking, International Relations
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Lehman's fall probed by Congress
The Swampby Frank James Richard Fuld, former chief executive officer of the extinct Lehman Brothers investment bank was on Capitol Hill today to answer questions about the demise of his firm and the huge pay packages he and other top......Tags: Henry Paulson, Dennis J. Kucinich, Government, Corporate Officers, Henry Waxman
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Details on market bailout emerge
The SwampAssistant Treasury Secretary Neel Kashkari speaks to the Institute of International Bankers Monday. (AP/Haraz N. Ghanbari) by James Oliphant Neel Kashkari has a critical job that didn't even exist a few weeks ago. He's the "assistant secretary for...Tags: White House, Values, Investment Service, Business Institutions, Loans
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Cowboys, Yankees join forces to feed America
WatchdogSpeaking of Darren (Roslyn) Rovell (see below), he reports this Monday that the Yankees, Cowboys and Goldman Sachs are forming a concessions company to service the teams' new stadiums and others as well. Unless the economy turns around, this venture......Tags: Manhattan (New York City)
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AP: Palin put kids on state tab
The Swampby James OIiphant The Associated Press is moving a story that says that as Alaska's governor, Sarah Palin charged the state some $21,000 in expenses for her children's travel as she conducted official state business. But Alaska law is......Tags: eBay Inc., Central Park, Hotel and Accommodation Industry, John McCain, Executive Branch
Sep 22, 2008
|Blog| Chicago Tribune
Sep 25, 2008
|Blog| Chicago Tribune
Sep 26, 2008
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Sep 30, 2008
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Oct 1, 2008
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Oct 2, 2008
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Oct 3, 2008
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Oct 7, 2008
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Oct 6, 2008
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Oct 13, 2008
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Oct 20, 2008
|Blog| Newsday
Oct 22, 2008
|Blog| Chicago Tribune
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