The Meltdown's 10 Biggest Losers
Allan Dodds Frank is a business investigative correspondent who specializes in white collar crime. He also is President of the Overseas Press Club of America, one of the many journalism organizations that protests the arrests of journalists abroad and repression of freedom of speech.
The whole country lost out when the U.S. economy fell off a cliff a year ago, but who are the 10 with the most egg on their faces or blood on their hands? VIEW OUR ROGUES GALLERY.
Position: Federal Reserve chairman (1987-2006) Sin: Sowed the seeds of market excess. The well-burnished legacy of Greenspan, the oracle of t...
Robert Rubin's Agony
Charles Gasparino is CNBC's on-air editor and appears as a daily member of CNBC's ensemble. He is a columnist for The Daily Beast and a frequent contributor to the New York Post, Forbes, and other publications. His new book about the financial crisis, The Sellout, was published by HarperBusiness.
What keeps the former Clinton economic star up at night? Friends blame him for the Citigroup fiasco. And Rubin can't figure out how he didn't see it coming.
Goldman's Outrage
Charles Gasparino is CNBC's on-air editor and appears as a daily member of CNBC's ensemble. He is a columnist for The Daily Beast and a frequent contributor to the New York Post, Forbes, and other publications. His new book about the financial crisis, The Sellout, was published by HarperBusiness.
How the Wall Street giant used your money to make $3.4 billion in profits.
The Secret Plan for Citigroup
Charles Gasparino is CNBC's on-air editor and appears as a daily member of CNBC's ensemble. He is a columnist for The Daily Beast and a frequent contributor to the New York Post, Forbes, and other publications. His new book about the financial crisis, The Sellout, was published by HarperBusiness.
Why won't the government put Citi out of its misery and let it fail? Sources tell Charlie Gasparino the Feds have a new strategy to leave the bank in a coma.
Is Goldman Out of Tricks?
Dan Colarusso is a financial journalist in New York. He has been the managing editor of CondeNast's Portfolio.com and the business editor of the New York Post.
It's early to be projecting record high bonuses, says Dan Colarusso. Though the bank had a terrific first quarter and has played its hand almost perfectly since the financial crisis began, Goldman isn't the paragon it once was.
Goldman and JP Morgan Poised to Pay Back Taxpayers—UPDATED
Charles Gasparino is CNBC's on-air editor and appears as a daily member of CNBC's ensemble. He is a columnist for The Daily Beast and a frequent contributor to the New York Post, Forbes, and other publications. His new book about the financial crisis, The Sellout, was published by HarperBusiness.
UPDATE: More than two weeks after it was first reported by The Daily Beast's Charlie Gasparino, Goldman Sachs and JPMorgan Chase appear poised to receive approval to repay their Troubled Asset Relief Program loans. On Monday, The Federal Reserve outlined the process it would use to allow banks exit TARP, and both Goldman and JP Morgan-which raised additional capital, perhaps to address consumer loan issues brought up by the Daily Beast-confirmed that they plan to do so this month. Additionally, Morgan Stanley will now sell $2.2 billion worth of stock in an effort to follow suit.
Geithner's Wild 100-Day Ride
Allan Dodds Frank is a business investigative correspondent who specializes in white collar crime. He also is President of the Overseas Press Club of America, one of the many journalism organizations that protests the arrests of journalists abroad and repression of freedom of speech.
Timothy Geithner marks 100 days in office today, and few Treasury secretaries have had starts that were more eventful. Allan Dodds Frank grades the highlights and missteps.
Let Exxon Run the Energy Dept.
Robert Bryce has written for numerous publications ranging from The Atlantic Monthly to The Guardian and The Nation to The American Conservative. His first book, Pipe Dreams: Greed, Ego, and the Death of Enron, was named one of the best non-fiction books of 2002 by Publishers Weekly. His latest book, Gusher of Lies: The Dangerous Delusions of “Energy Independence,” was published in 2008 by PublicAffairs.
Goldman Sachs has had a revolving door into top jobs at the Treasury for years. It's time to end the double standard that stops oil and gas executives from doing the same at Energy.
Lloyd Grove is editor at large for The Daily Beast. He is also a frequent contributor to New York magazine and was a contributing editor for Condé Nast Portfolio. He wrote a gossip column for the New York Daily News from 2003 to 2006. Prior to that, he wrote the Reliable Source column for the Washington Post, where he spent 23 years covering politics, the media, and other subjects.
Martin Jacques is the cofounder of the UK think tank Demos, writes a regular column for The Guardian, and is a visiting research fellow at the London School of Economics Asia Research Centre. His new book, When China Rules the World, is available now.
Christopher Buckley's books include Supreme Courtship, The White House Mess, Thank You for Smoking, Little Green Men, and Florence of Arabia. He was chief speechwriter for Vice President George H.W. Bush, and is editor-at-large of ForbesLife magazine. His new book is Losing Mum and Pup, a memoir. Buckley's Daily Beast column is the winner of an Online Journalism Award in the category of Online Commentary.
The Daily Beast is dedicated to news and commentary, culture, and entertainment. We carefully curate the web’s most essential stories and bring you original must-reads from our talented contributors.
Peter Beinart, senior political writer for The Daily Beast, is a professor of journalism and political science at City University of New York and a senior fellow at the New America Foundation.
Jeffrey Koterba is an acclaimed syndicated political cartoonist. Since joining the Omaha World-Herald in 1989, he has been a finalist for Editorial Cartoonist of the Year from the National Cartoonists Society and has placed second in the National Headliner Awards. His work is distributed through King Features Syndicate to 400 newspapers nationwide, and has appeared in such publications as the New York Times, the Chicago Tribune, and the Washington Post, among others.
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