Greg Michaels

  • News

    The Administration Stands United In How Many Jobs They’ve Created (Or Saved)

    After days of speculation, the White House produced the magic number for jobs created or saved courtesy of the stimulus. The exact total so far is 640,329 jobs. You can debate whether or not that number indicates the stimulus is doing enough to alleviate the unemployment problem, but you can’t debate how many jobs the […]

    / Oct 30, 2009 at 3:52 PM
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    Presented Without Comment: Dylan Ratigan

    Visit msnbc.com for Breaking News, World News, and News about the Economy [MSNBC]

    / Oct 30, 2009 at 2:15 PM
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    Who Enjoyed Last Year’s Meltdown?

    You’d think most people out there wish last year’s crisis never happened. Given the loss of jobs and money, the last thing people would do is be thankful for 2008’s bounty. Countless books and even one fact-heavy cinematic masterpiece went out of their way to document just how much pain and suffering people have been […]

    / Oct 30, 2009 at 1:42 PM
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    Tim Geithner Needs To Take A Personal Day

    Tim Geithner is, unquestionably, a hard working guy. He inherited an extreme set of circumstances and didn’t have a supporting cast around him until recently. There is no shortage of issues keeping TG up at night. But could Timmy actually be working too hard? Pilots and medical residents have strict guidelines on required rest since […]

    / Oct 30, 2009 at 11:15 AM
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    Switzerland Needs A Rescue

    Part of the understanding a neutral country expects from everybody else is ‘you don’t mess in our affairs and we won’t mess in yours’. And, for the most part, foreign governments have kept themselves out of what goes on inside Switzerland’s borders. But with Italian police conducting raids on Swiss banks operating in Italy and […]

    / Oct 30, 2009 at 10:12 AM
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    White House Will Not Be Told By The AP How Many Jobs The Stimulus Has Created

    Given the promises made on the campaign trail, there are few issues the administration is more on the line for than jobs. So when the Associated Press claims the administration is, in some cases, vastly overestimating the number of jobs created (or saved) by the stimulus, the White House takes notice. They have contingency plans […]

    / Oct 29, 2009 at 5:30 PM
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    Barney Frank’s Modest Proposal

    Now that more than a year has passed since Lehman was proven to be not too big to fail, lawmakers have had ample opportunity to inspect the wreckage and devise a detailed, reasonable strategy to prevent the same type of carnage from happening again. It’s tough enough for analysts to dig through the complex web […]

    / Oct 29, 2009 at 4:02 PM
  • News

    Proof The Recovery Is For Real

    Two critical questions about the economic recovery can now be put to rest: (1) is the consumer back and (2) are government policies having an impact. The answer to both questions can be found in 290 feet of opulence otherwise known as the world’s largest sailing yacht, the Maltese Falcon. After months of rumor and […]

    / Oct 29, 2009 at 2:31 PM
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    Lawmakers Find A Way To Outfox 4-Year Old Tax Cheats

    The DC braintrust may be onto something this time when it comes to the home buyer tax credit. Faced with an outbreak of fraudulent claims from home buyers using their 4-year olds as means to an $8000 reduction in their tax bill, the time had clearly come to throw in some safeguards for the next […]

    / Oct 29, 2009 at 11:30 AM
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    The FSA Helps GMAC Make Its Case For More Bailout Money

    With the economic panic currently gone, you’d like to believe bailout loans now require a demonstrated need for the additional cash, not just a checking account. The administration needs some assurance that the applicant in question is operating as a unified organization with a sound business model that simply needs a few billion (more) to […]

    / Oct 29, 2009 at 10:23 AM
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    Alan Grayson Has His Own Term Of Endearment For One Of The Beard’s Advisers

    As anybody who works in government will tell you, politics is an exercise in choosing your words very carefully. And at this critical point in time the Fed, Treasury, regulators and lawmakers all need to be crystal clear about how to achieve a sustainable economic recovery. No more vague, ambiguous statements. Rep. Alan Grayson certainly […]

    / Oct 28, 2009 at 4:04 PM
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    Antoine Walker Reaches The Elite Level Again

    It’s a good thing Jamie Dimon believes “corporations are flush with cash” because his is still $1.5 million short thanks to Antoine Walker. In support of his candidacy for NBA representative to the Professional Athlete Financial Disaster Union, Walker can claim owing $1.5 million apiece to JPM and Wachovia, $53,000 to American Express, and $450,000 […]

    / Oct 28, 2009 at 2:22 PM
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    Antigua Not Amused By Stanford Victims

    For some of Sir Allen’s victims, the playbook for getting back to even includes a chapter on a multi-billion dollar suit against the Antiguan government. You might think suing an entire government was little more than a knee-jerk reaction to the news Antigua’s chief banking supervisor, and Allen Stanford blood brother, Leroy King did his […]

    / Oct 28, 2009 at 12:30 PM
  • News

    Help (Still) Wanted At Bank Of America

    As the saying goes, you don’t know what you’ve got until it’s gone. This sentiment seems to be a leading theme in the search to fill Ken Lewis’s shoes. It’s tough to part with a guy who was Banker of the Year, became the face of BofA, and successfully timed the absolute top of the […]

    / Oct 28, 2009 at 10:08 AM
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    How Much Would It Cost To Solve Detroit’s Problems?

    According to City Councilwoman Joann Watson, that number is $1 billion and the administration should cut a bailout check and see what the Motor City does with it. That figure should cover the city’s $300 million budget deficit plus the $700 million in petty cash needed to shock a pulse back into the city. However, […]

    / Oct 27, 2009 at 5:12 PM
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    IRS Special Forces To Be On The Loose Soon

    It looks like there is another reason why the majority of people are better off than Warren Buffett. After decades worth of data, the clever crime fighters at the IRS think they may be on to something. As it turns out, most people who play elaborate games of hide-and-seek with some of their assets belong […]

    / Oct 27, 2009 at 3:54 PM
  • News

    Pay Czar Clarifies What Comes Next

    With the agonizing process of determining what the best of the worst should be paid this year behind him, the Pay Czar offered up some thoughts on the process this time around and what the future holds for the executives lucky enough to have their names come across his desk. Even though he “wouldn’t begin […]

    / Oct 27, 2009 at 1:53 PM
  • News

    Bank Of America Will Spell It Out For Customers From Now On

    Bank of America is spending $40 million to get the message out that from here forward, “simple, clear, and direct” banking will be the order of the day. For example, the mobile alerts feature allows you to do useful things like check your account balance or receive alerts each time a new lawsuit is filed […]

    / Oct 26, 2009 at 5:05 PM

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