Wed 2009-04-01 00:00 EDT
Mish's Global Economic Trend Analysis: Taxpayers To Get Raped In Public-Private "Partnership"
Mish's Global Economic Trend Analysis; partnership; public/private; rape; Taxpayers.
Taxpayers Topic in The Credit Debacle Catalog
Thu 2009-02-26 00:00 EST
The banks' reverse takeover of Britain | Coffee House
The banks' reverse takeover of Britain, by Fraser Nelson | Coffee House; financial coup d'état -- ``instead of the taxpayers owning the banks, the banks now seem to own the taxpayers''
Sun 2008-11-23 00:00 EST
Goldman's Backdoor Bailout : CJR:
Goldman's Backdoor Bailout, by Dean Starkman, CJR; A call for transparency in the taxpayer rescue of Wall Street
Sun 2008-08-24 00:00 EDT
Mish's Global Economic Trend Analysis: GM, Ford Seek Taxpayer Bailout
``GM is not really a manufacturing company at all, but rather a subprime lender that sells cars.''
Ford Seek Taxpayer Bailout; GM; Mish's Global Economic Trend Analysis.
Sun 2008-08-24 00:00 EDT
Here comes the downsizing of finance
by Martin Hutchinson (Prudent Bear); auction-rate securities (ARS); credit default swaps (CDS); ``CDS market creates many times as much risk as it hedges or transfers''; GSEs ``leveraged more than would have been possible without the governments quasi-guarantee, lobbied like to crazy to ensure they were not properly regulated and collapsed thankfully into the arms of the taxpayer as soon as ill winds began to blow...by their presence they turned the soundest product in financial markets, the home mortgage, into an obscene speculative casino, causing collateral damage of many times their own losses.'' ``much of the financial services innovation of the last generation was spurious and unsound, and needs to be done away with''
Mon 2008-08-04 00:00 EDT
London Banker: What's up with the covered bond push?
"Whenever Henry Paulson at Treasury, Ben Bernanke at the Fed and Shiela Bair at FDIC agree on anything, American taxpayers should check for their wallets...When the troubled bank nonetheless fails, our golden circle creditors get the good collateral in an expedited release from FDIC under its new policy statement. The FDIC is left with all the toxic waste assets and liability for depositor insurance claims, with no prospect of recovery"
Mon 2008-07-14 00:00 EDT
Mish's Global Economic Trend Analysis: Operation "Rescue Fannie" Underway - Paulson a Blatant Liar
"likely the start of a U.S. Taxpayer Bailout of China. Disgustingly it is a U.S. Taxpayer bailout of PIMCO as well." "It is a moral hazard to the highest degree, for bondholders to be made whole in this mess."
Blatant Liar; Mish's Global Economic Trend Analysis; operations; Paulson; Rescuing Fannie; underway.
Thu 2008-07-10 00:00 EDT
Mish's Global Economic Trend Analysis: Former Fed Governor Says "Fannie, Freddie Insolvent"
former St. Louis Federal Reserve President William Poole: "Congress ought to recognize that these firms are insolvent, that it is allowing these firms to continue to exist as bastions of privilege, financed by the taxpayer"
Fannie; Fed Governor Says; Freddie Insolvent; Mish's Global Economic Trend Analysis.
Tue 2008-03-25 00:00 EDT
Mish's Global Economic Trend Analysis: Debate Over Bear Stearns: Hussman vs. Mauldin
"this deal still stinks to high heavens...Not only were existing shareholders deprived of rights to reject the deal, JP Morgan and the bondholders should be the ones taking risk, not the Fed and not taxpayers."
Bear Stearns; Debate; Hussman; Mauldin; Mish's Global Economic Trend Analysis.
Wed 2007-05-09 00:00 EDT
The Foundation For Taxpayer & Consumer Rights (FTCR)
The Foundation For Taxpayer & Consumer Rights (FTCR): New Gasoline Study Shows Profits, Not Crude Oil Prices Or Ethanol, Are Driving Pump Price Spike