Neil Barofsky, Special Inspector General for TARP. (Alex Wong/Getty Images)
A year ago Tuesday, the U.S. House of Representatives rejected the Bush administration’s proposed $700 billion financial bailout plan, causing the largest one-day point drop in Wall Street history and the loss…
AP Photo/Paul Sakuma
It’s been a rough year for bankers. From late-night comedy show hosts to editorial cartoonists, images of greed-driven bankers lining their pockets at the consumers’ expense have become popular folklore.
Politicians and lawyers are accustomed to being the butt of…
One way to report earnings.
This is earnings-report season for America’s banks, and lo, what signs and wonders it has wrought.
Goldman Sachs reported $1.66 billion in profits in the first quarter. JPMorgan Chase posted $2.1 billion in earnings. Bank of America,…
Tim Geithner: Is second time the charm? (Paul J. Richards/AFP/Getty)
The American public rightly is skeptical about the way the first $350 billion in Troubled Assets Relief Program funds were spent. Now comes the Obama administration with a new name for the…
In our colleague David Nicklaus’ column in Sunday’s Post-Dispatch, Stuart Greenbaum, professor emeritus at Washington University’s Olin School of Business, rose to the defense of the U.S. banking industry, which has been under fire for its continued tight-fisted lending policies.
“People not…
