Bailout; Banks; Reckoning; Occupy Movement; Eurozone Crisis

Bailout

• Secret and Lies of the Bailout--"The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come."
• Rescued by a Bailout, A.I.G. May Sue Its Savior--Facing public backlash, the AIG board declined to join ex-CEO Greenburg's suit. NYT
• How many more bailouts will we allow? Salon

Banks

• Surprise, Surprise: The Banks Win--"For borrowers, a proposed settlement with big banks over foreclosure practices is likely to mean tiny slices of a shrunken pie." NYT
• A case of Wall Street greed gone too far--"By the time the ball dropped in Times Square, regulators had been notified that $65 million in Goldman stock had been granted a month early, helping a cluster of powerful multimillionaire executives trim their tax tab."
• Too Big to Bust?--"It's one thing if a bank is too big to fail... [i]t's another if the bank is too big to be brought to justice...."
• How much is enough to make a banker happy?--"Greg Smith's tale of exile from Wall Street shows that even the rich can feel inadequate compared to the super-rich." Salon
• What Good is Wall Street?--"Much of what investment bankers do is socially worthless."

Reckoning

• Senator pushes to ban bankers from Fed boardrooms--"An outspoken Senate critic of the Federal Reserve said on Wednesday that he would reintroduce legislation to ban bankers from the boardroom of the 12 regional Fed branches, citing potential conflicts of interest."
• US SEC levels first post-crisis charges versus auditors
• Senator Elizabeth Warren gears up

Occupy Movement

• What the FBI's Occupy Docs Do—and Don't—Reveal
• Baker v. Katehi--Pepper-sprayed protestors to be paid $730,000 damages by UC Davis.
• The Team Behind '99% - The Occupy Wall Street Collaborative Film' Peel Back the Curtain on the Movement

Eurozone Crisis

• An amazing mea culpa from the IMF's chief economist on austerity
• Spanish city's locksmiths say they'll no longer assist with evictions
• Confidence in Southern European Banks Rising in Sign of Crisis Hope