Keyword: Congress

Credit Card Industry Defeated for Now

By  Harry Hanbury

Hidden penalties, sudden interest rate hikes, and deceptive language are just a few of the questionable tactics used by credit card companies to extract money from increasingly stressed consumers...

Stress Tests Might Be Pointless, Treasury Declines to Comment on Off-Book-Assets

By  Danielle Ivory

This report was produced in collaboration with Alternet.

At the center of President Obama's overhaul strategy for Wall Street are the "stress tests" which will be applied to all financial institutions...

AIG CEO Warns Of 'Dire Consequences' If Company Fails

By  Mike Fritz  Lagan Sebert

This piece was produced in conjunction with the Huffington Post:

"Edward Liddy, CEO of American Insurance Group, warned a congressional panel Wednesday of "dire consequences" if the bailed-out insurer is allowed to fail...

AIG Won't Release Names Of Executives, Citing Death Threats

By  Mike Fritz  Lagan Sebert

This piece was produced in conjunction with the Huffington Post:

"Members of a congressional panel interrogating AIG CEO Edward Liddy on Wednesday repeatedly asked that he release the names of executives who were on the good end of $165 million in bonus payments...

AIG Anticipated Major Losses And Rigged Bonuses: Frank

By  Lagan Sebert  Mike Fritz

This piece was produced in conjunction with the Huffington Post:

"The contracts that AIG executives have cited as justification for bonus payments insured that they would receive the money regardless of massive losses.

Rep...

Anti-Coal Day on Capitol Hill

By  David Murdock  Harry Hanbury  Lagan Sebert

This weekend, twelve thousand students converged on Washington demanding the U.S. lead the world with a cleaner, greener, and more innovative energy policy...

Coal Action Heats Up Capitol Hill

By  Harry Hanbury

Global warming is lighting a fire on today's campuses, and this weekend thousands of students will come to D.C...

Fed Lends Two Trillion Without Oversight

By  Danielle Ivory

So, you know about the Treasury's $700 billion bailout plan...

Tax Havens: The Hidden Hand in the Financial Crisis

By  Lagan Sebert

The financial crisis seems as if it emerged from nowhere and struck as hard and fast as lightning...

Congress Ignored Critical Bailout Oversight

By  Danielle Ivory  Lagan Sebert

On December 19th, Henry Paulson urged Congress to release the second half of the $700 billion of the bailout money...