Posts Tagged ‘Jack Lew’

Feds Lose $10.5 Billion on Government Motors


Tuesday December 10th, 2013   •   Posted by K. Lloyd Billingsley at 8:47am PST   •   1 Comment

On December 9, the federal government dumped the rest of its 30 million shares in General Motors, which had become known as Government Motors, for good reason. In 2009, the federal government bailed out the bankrupt automaker to the tune of $49.5 billion and once held 60.8 percent ownership in the company. The loss…
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Defending Leviathan: The CFPB always knows best


Wednesday February 13th, 2013   •   Posted by K. Lloyd Billingsley at 10:03am PST   •   1 Comment

“In June 2009, President Obama proposed to address failures of consumer protection by establishing a new financial agency to focus directly on consumers, rather than on bank safety and soundness or on monetary policy.” So explains the Consumer Finance Protection Bureau (CFPB), the new federal agency that emerged in the midst of a deep…
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Ain’t That a Shame? Treasury Nominee Bagged Wall Street Bonus


Monday January 28th, 2013   •   Posted by K. Lloyd Billingsley at 9:43am PST   •   8 Comments

“That is the height of irresponsibility. It is shameful. And part of what we’re going to need is for the folks on Wall Street who are asking for help to show some restraint and show some discipline and show some sense of responsibility.” That was President Barack Obama in 2009 responding to news that…
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