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Bernanke Says Unemployment Unlikely to Fall Quickly
June 11, 2010
ChartPoppers
Federal Reserve Chairman Ben S. Bernanke said the U.S. recovery probably won’t quickly bring down the unemployment rate, which is likely to stay “high for a while.” Given the depth of the recession, the recovery is “moderate paced,” Bernanke said last night in a question-and- answer session with Sam Donaldson, the ABC News journalist, in Washington. In Europe, policy makers “are committed to avoiding default...
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June

11

2010
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Whose Worse: BP or Goldman Sachs?
June 3, 2010
ChartPoppers
It’s been a tumultuous few years for U.S. investors and the U.S. economy as a whole. We’ve had a nasty financial crisis, a housing meltdown, and the unemployment rate now sits just under 10%. On top of all of that, we’re now dealing with one of, if not the, worst U.S. environmental disasters in recorded history.
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June

3

2010
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SEC Mulled National Security Status for AIG Bailout Details
January 29, 2010
ChartPoppers
U.S. securities regulators originally treated the New York Federal Reserve’s bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security, according to emails obtained by Reuters. The request to keep the details secret were made by the New York Federal Reserve—a regulator that helped orchestrate the bailout—and by the giant insurer itself,...
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January

29

2010
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Warren Buffett: “We Didn’t Do Anything Really Dumb”
December 14, 2009
ChartPoppers
Looking back at his performance during the global financial crisis of the past two years, Warren Buffett tells the Wall Street Journal, “We didn’t do all the smartest things. We didn’t do anything really dumb.” Buffett admits that he could have done better if he waited until the stock market bottomed in March of this year, but he’s happy with the Goldman Sachs [GS 166.00 --- UNCH (0) ] and General...
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December

14

2009
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NY Times to Goldman Sachs: Pay up to cut public debt
November 22, 2009
ChartPoppers
A New York Times editorial slammed Goldman Sachs for its role in the financial crisis and said that instead of paying big bonuses to its employees it should make a multibillion-dollar gift to help reduce the U.S. national debt. The editorial, published November 21, attacked Goldman for everything from its top executive’s failure to apologize properly for his investment bank’s part in creating the crisis as well as Goldman’...
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November

22

2009
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