User: newstrust Topic: Personal Finance
Category: Regulation
Last updated: May 25 2020 19:19 IST RSS 2.0
 
1 to 20 of 4,137    
Anatomy of a man-made disaster: 320 ways Donald Trump failed to protect us from the coronavirus 25.5.2020 Raw Story
Crises have a way of sorting the good presidents from the bad. Historians consistently rank Abraham Lincoln and Franklin Delano Roosevelt among the top three presidents for their handling of the Civil War, the Great Depression, and World War II.By contrast, the string of catastrophes that trailed George W. Bush, from Iraq to Hurricane Katrina to his obliviousness to warning signs in the housing […]
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Treasury Secretary Steven Mnuchin faces grilling about coronavirus PPP lending 19.5.2020 Chicago Tribune: Business
Lawmakers from both parties have criticized the Payroll Protection Program, which initially provided $349 billion in forgivable loans to small companies but has been plagued by a host of problems.
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Trump administration says new bailout program will help 35 million Americans — it probably won’t 18.5.2020 Raw Story
Within a few weeks, the Federal Reserve will start a $600 billion lending program that the Trump administration says will help 40,000 midsized businesses that employ 35 million Americans. The Main Street Lending Program is the next marquee effort of the Coronavirus Aid, Relief and Economic Security Act, which Congress passed in March. It is […]
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Big banks undercut the small-business COVID-19 loan program after Trump waved away layers of oversight 15.5.2020 Raw Story
Practically everyone’s looking for a bailout in the wake of the COVID-19 pandemic and the financial havoc that was the result of largely shutting down the economy. But here’s the awful truth: Thousands of small businesses never had a chance at the Paycheck Protection Program, or PPP, money that was supposed to be their life […]
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Trump Admin Says New Bailout Will Help 35 Million Americans. It Probably Won’t. 14.5.2020 Truthout.com
Experts from across the political spectrum fear the program won’t reach enough businesses or save enough ...
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Trump Administration says new bailout program will help 35 million Americans — here’s why it probably won’t 14.5.2020 Raw Story
Within a few weeks, the Federal Reserve will start a $600 billion lending program that the Trump administration says will help 40,000 midsized businesses that employ 35 million Americans. The Main Street Lending Program is the next marquee effort of the Coronavirus Aid, Relief and Economic Security Act, which Congress passed in March. It is […]
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Meet the shadowy accountants who do Trump’s taxes and help him seem richer than he is 6.5.2020 Raw Story
On May 12, after a six-week delay caused by the pandemic, the U.S. Supreme Court will hear arguments in the epic battle by congressional committees and New York prosecutors to pry loose eight years of President Donald Trump’s tax returns. Much about the case is without precedent. Oral arguments will be publicly broadcast on live […]
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The Great Depression inspired the New Deal. After coronavirus downturn, what could it look like today? 26.4.2020 Chicago Tribune: Business
The United States is fighting a disease that presents the country with wrenching life-and-death challenge.
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This stunningly detailed timeline of Trump’s failures shows America’s coronavirus crisis was a man-made disaster 17.4.2020 Raw Story
Crises have a way of sorting the good presidents from the bad. Historians consistently rank Abraham Lincoln and Franklin Delano Roosevelt among the top three presidents for their handling of the Civil War, the Great Depression, and World War II. By contrast, the string of catastrophes that trailed George W. Bush, from Iraq to Hurricane Katrina to his obliviousness to warning signs in the […]
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A Big Oil Bailout Would Be the Opposite of the Green New Deal We Need 17.4.2020 Truthout.com
Policy makers should let oil producers fail, and devote resources to stave off the climate crisis before it gets ...
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‘The public deserves to know’: Watchdog demands Federal Reserve release names of corporations receiving taxpayer bailouts 16.4.2020 Raw Story
“The Fed will soon lend trillions to companies. But it has not committed to disclosing which private companies are getting taxpayer-backed support. That’s wrong.” The lone watchdog on a congressional committee formed to oversee the Trump administration’s handling of a multi-trillion-dollar coronavirus bailout package demanded Wednesday that the Federal Reserve release to the public both […]
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“You Don’t Say No to Joe!”: What Biden’s Role in the Last Economic Crisis Says About How He’d Handle This One 16.4.2020 Mother Jones
Joe Biden stood before a packed room to deliver good news. At a think tank in DC, the VP geared up for a speech clearly tailored to serve as a legacy-building exercise, a signal for how he hoped to be judged as the leader of a crisis, not just the second-in-command. “The Recovery Act has played a […]
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Mega-Rich Hedge Funds Swoop Down to Grab COVID-19 Small Business Relief Funds 14.4.2020 Truthout.com
Mega-Rich Hedge Funds Swoop Down to Grab COVID-19 Small Business Relief Funds
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Chomsky and Pollin: To Heal From COVID-19, We Must Imagine a Different World 10.4.2020 Truthout.com
Chomsky and Pollin: To Heal From COVID-19, We Must Imagine a Different World
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Massive coronavirus bailout will inevitably result in scandal – and Trump’s hatred of oversight will aggravate it 3.4.2020 Raw Story
There’s going to be scandal involved in this bailout. It is unquestionable. There is going to be fraud– that is going to be committed in this bailout. There are going to be individuals who are unjustly rewarded, and others who should have been saved and rescued, who will be left on the side  to rot.—Neil […]
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Stephanie Ruhle Steamed Over How Hard It Is To Access Stimulus Help 31.3.2020 Crooks Liars
Stephanie Ruhle was on Morning Joe to talk with Willie Geist about the crisis ordinary people and small businesses are going through. "We were just talking about tomorrow being April 1st. The day, of course, the rent is due. This is the first, the 1st of the month since this crisis escalated. What are the implications of that for small businesses, homeowners and all the people worried now about making those payments?" Willie Geist said. "They're massive across the board. While people at home, individuals and small businesses might watch our programs and see headlines with members of Congress and the president touting how great the CARES Act is, $2 trillion, and it is, but of those $2 trillion, no checks have been cut," Ruhle said. "Talk to any, anyone in New York State, right? People trying to file for unemployment right now, it's a two-step process. First, you've got to go online. These websites are crashing over and over. Then you've got to make a phone call and the lines are busy. Whether talking ...
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The Senate Has Passed the Largest Corporate Bailout in US History 26.3.2020 Truthout.com
The package establishes a $4.5 trillion fund to bail out large corporations with little to no enforceable ...
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Networks Give Lefties Cover, Refuse to Assign Blame for Stimulus Bill’s Failure 24.3.2020 NewsBusters
It’s as if the left knew what they were doing Sunday and Monday switching tunes to now opposing the Senate’s massive, $2 trillion stimulus package to help American workers and the economy. Why? Because as Monday’s broadcast network newscasts showed, the liberal media will provide any and all cover, refusing to assign blame to liberals and progressives pulling the carpet out at the last minute. ABC, CBS, and NBC framed the stimulus package’s failure as merely a “bitter fight” and “political battle” having caused “angry debate” ...
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Trump to Payday Lenders: Let’s Rip America Off Again 11.2.2020 Mother Jones
When South Dakotans voted 3–to–1 to ban payday loans, they must have hoped it would stick. Interest on the predatory cash advances averaged an eye-popping 652 percent—borrow a dollar, owe $6.50—until the state axed them in 2016, capping rates at a fraction of that in a decisive referendum. Donald Trump’s finance czars had another idea. In […]
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Are Trump and his circle manipulating the markets for personal gain? Here’s the evidence 26.1.2020 Raw Story
Donald Trump has been impeached by the House of Representatives for abuse of power and obstructing a congressional investigation into his attempt to blackmail a foreign country into aiding him in the 2020 presidential election. He is now the third president in American history to have earned that ignominious distinction. Trump will not be convicted by the Republicans […]
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