Bailouts

As of early Tuesday evening, according to a report by Liz Moyer at Forbes, the latest news on the Chrysler bankruptcy filing is that: The recalcitrant non-TARP lenders who would not agree to the deal the government attempted to force on them are now attempting to challenge the deal the government and Chrysler have proposed in bankruptcy court.These lenders want to keep their identities hidden.In…

CNBC's Steve Liesman has always gone after tea party inspiration and network floor reporter Rick Santelli for his views, but this time it was Santelli playing offense. The CNBC "Power Lunch" crew was discussing Bank of America (NYSE:BAC) CEO Ken Lewis and disclosure of details surrounding his bank's acquisition of Merrill Lynch May 5. Santelli accused Liesman, CNBC's senior economics reporter of…

Here's a teachable moment: Bad things can happen when the government intervenes in the economy, which Fox Business Network host Cody Willard pointed out on his "Shot Clock" segment on "Happy Hour." Willard, on FBN's May 4 "Happy Hour" used part of his segment to call for the jailing of the New York Fed's chairman, Stephen Friedman. "New York Fed [Chairman] Stephen Friedman - this guy belongs…

Friday, after the April vehicle sales figures rolled in, Associated Press reporters Kimberly S. Johnson and Dan Strumpf, in the opening sentence of a report carried at USA Today, showed that they finally noticed two things, one of which yours truly caught three months ago (NewsBusters; BizzyBlog), and the other which first became clear last month (NewsBusters; BizzyBlog). The former point is that…

UPDATE, May 2: ABC’s Political Punch reports that the administration is denying making threats. Uh-huh, Tom Lauria just made it up. My take: Horse manure.  _____________________________________________If the Bush White House had engaged in anything similar to what's being described here (actually, Hank Paulson did; the question is how much Bush knew), there would be calls for impeachment. Maybe…

Somebody needs to 'fess up. Who put truth serum in Calvin Woodward's coffee this morning?Whoever it is, they're in a heap of trouble, as Woodward produced a fact-checking critique of Barack Obama that is so good you'd swear most of it was ghostwritten by a conservative talk host.It will be interesting to see how much distribution it gets. I would suggest not counting on too much, but being open…

Playing off Keith Olbermann's "Worst Person in the World" shtick, some clever fellow started a petition recently at WorstBailoutIntheWorld.com calling on the "Countdown" host to return his recent pay raise to "Turbo Tax" Tim Geithner's Treasury Department. (h/t NewsBusters contributor Amy Menefee; see related story here) The petition's full wording:Dear Mr. Olbermann, While General Electric, the…

While the business press has been preoccupied with day-to-day events in the ongoing saga of Government, er, General Motors, it has failed to note that its two closest competitors have gained substantial ground -- and quickly.This chart shows just how quickly (Sources - Feb. and March 2009; January GM and Ford; January Toyota; December 2008):Gosh, I wonder why this has happened?

Leave it to CNN host Rick Sanchez to unintentionally give us a moment of comedy in an afternoon cable news broadcast. On "CNN Newsroom" on April 28, Sanchez interviewed Sen. Jim DeMint, R-S.C., about the departure of Sen. Arlen Specter, Pa., from the Republican Party to the Democratic Party. He asked the senator from South Carolina if Specter was correct in his analysis that the conservative…

It was just a question of time. While it was hard to know where it would come from (although MSNBC is always a safe bet), someone was going to make the entire swine flu pandemic a partisan political issue.  MSNBC's Ed Schultz on the April 27 "The ED Show" blamed Republicans on two levels for the swine flu pandemic that some think has been a bit overblown. "Well, here we go again - Republicans…

Remember the outrage over the compensation paid out to AIG executives earlier this year, after the federal government had to extend a lifeline to troubled insurance provider? Will the executives of a media company receive the same treatment - should they get their wish and receive help from the government for their company? There's a little-publicized story that the parent company of The…

"The liberal media deserve the Tammy Wynette Award for their coverage of Obama’s radical agenda, as they continue to devotedly stand by their man," quipped Media Research Center President and NewsBusters Publisher Brent Bozell in an April 27 statement.[see bottom of post for full press release] "For the pro-Obama liberal media, the Obama honeymoon is nowhere near over," Bozell argued, reacting to…

It's a response that might incite laughter, as it did from conservative pundit Monica Crowley and MSNBC paleocon talker Pat Buchanan. According to Newsweek's Eleanor Clift, the current problems facing the country and President Barack Obama are due to capitalism. Clift, appearing on the syndicated April 26 "The McLaughlin Group" gave Obama high marks for his first hundred days and said…

If CNBC on-air talent has really had their hands tied by General Electric and NBC management on criticizing the current administration's economic policy, you couldn't tell it from watching Rick Santelli and Larry Kudlow.  On CNBC's April 24 "The Call," Santelli expressed his frustration with an overreaction by the government to solve the financial crisis when Kudlow asked him about the expansion…