Bad Credit Loans

Analysts predict big payouts despite political pressure Goldman Sachs bankers are forecast to enjoy an 81% rise in their pay and bonuses for 2009, even though the bank may be forced to respond to political pressure by reducing the amount of money it sets aside for employee payouts in the fourth quarter of the year. Goldman is [...]

‘Twas the night before bonus season, when all through the White House many an adviser was stirring with the fierce urgency of acting now. Later today JP Morgan will be the first big Wall Street bank to announce exactly how much its masters of the universe will receive in bonuses for simply doing their jobs. No [...]

Very telling little story out of Detroit this morning. The Detroit Auto Show is taking place right now, and a Michigan branch of the tea party movement was putting together a demonstrate outside the venue to protest government aid to the auto industry. Two people showed up. It turned out that other conservative Michiganders opposed the [...]

• Troubled US bank botched $20.5bn fundraising• US treasury would have made a loss on sale of shares Confidence in the ability of Citigroup to weather the financial crisis plummeted today after the troubled US bank botched a $20.5bn (£12.5bn) fundraising intended to pave the way for repayment of billions of dollars in emergency support from [...]

Moves comes day after Barack Obama accused Wall Street institutions of handing back funds simply in order to escape curbs on multimillion dollar bonus payouts Citigroup has been given the go-ahead by the US treasury to repay its $20bn (£12.3bn) of government bailout money, a day after President Barack Obama accused Wall Street institutions of handing [...]

The wizards of Wall Street are finally admitting they were wrong. But we can’t trust that they have learned their lesson It was a startling admission from one of the architects of the modern financial system. John Reed, who with Sandy Weill created Citigroup, said the merger was a mistake. What’s more, Reed went on to [...]

Remember US banks that were ‘too big to fail’? If Congress gets its way, they will be bigger and less accountable than ever Those who like banks that are too big to fail will love the latest financial reform proposals circulating in the US Congress. The bill put forward by Barney Frank, the chairman of the [...]

• ‘Pay tsar’ to cap salaries at $500,000 at bailed-out firms• Fed to tackle rewards for ‘imprudent risks’ Leading US banks will be subject to a dual crackdown on multimillion dollar pay packets, as the Federal Reserve set out broad plans to scrutinise remuneration and the Obama administration’s so-called “pay tsar” confirmed that salaries will be [...]

Companies that received most assistance will have to cut salaries of 25 highest-paid executives by about 90% The Obama administration plans to order companies that received huge US government bailouts last year to sharply cut the compensation of their highest paid executives, according to a person familiar with the decision. The seven companies that received the most [...]

Banks might suffer if China stopped buying US debt, but the US economy as a whole would be much better off Most of the economists and pundits who could not see an $8tn housing bubble are telling us that the United States desperately needs the Chinese government to keep buying its debt. This crew of failed [...]