Word: bailouts
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...expands the story of the financial collapse into an epic of malfeasance--capital crimes on an international scale. The movie also has the requisite Moore grandstanding scenes: attempting a citizen's arrest of AIG executives, parking a Brink's truck in front of banking establishments to retrieve the bailout billions they received, wrapping the New York Stock Exchange building in yellow tape that reads CRIME SCENE. The Underdog telling off the overlord: it's a fixture of earnest Hollywood drama...
...only U.S. car manufacturer that didn't need a government bailout, Ford Motor was in better financial shape than its peers to ride out the recession. The question now is whether Ford is well positioned to prosper as the global economy begins to recover. The answer from Ford management appears to be: we're not quite where we want...
...with the Treasury to tap as much as $500 billion in emergency capital through the end of next year. But the FDIC is worried that if the agency, which has always been privately funded through bank assessments, borrowed money from the Treasury, it would look like a new bank bailout, eroding the sliver of confidence the public has regained in our nation's banking system in the past few months...
...National Parks seems unlikely to cause an outcry. Parks are not as costly as a bank bailout or as angst-inducing as health care, and who wants to be the one to throw a spitball at Old Faithful? The documentary cannily stops at 1980, avoiding the Ronald Reagan - James Watt era as well as today's drill-here, drill-now controversies. It helps too that one of the parks' most vigorous progressive advocates was a Republican - President Teddy Roosevelt. See pictures of the Roosevelt Cartoons...
...will purge the rottenness out of the system." This time around, after Lehman went under, no one at Treasury or the Fed talked that way. Instead, policymakers in the U.S. and overseas agreed that the panic had to be stopped at any cost. And it was, through a bailout that placed trillions of taxpayer dollars at risk. It was expensive, messy and unfair. It struck many people as un-American. But it worked. "I've abandoned free-market principles to save the free-market system" is how President George W. Bush described it last December...