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Taxpayers Lose $2.3 Billion with CIT Bankruptcy
Region: United States
CIT filed for bankruptcy protection [1] on Sunday, and part of its plan to heal itself is wiping out the taxpayers’ $2.33 billion stake [2] in the company. CIT, which specializes in lending to small and midsiz... more
Views: 356 Rating:
How Big is AIG's Bailout?
Region: United States
AIG has been selling off bits and pieces of its once-great empire in an effort to chip away at what it owes the American taxpayer and the Federal Reserve. Until it repays that debt, the company will remain in the awk... more
Views: 359 Rating:
Financial Crisis, War and the Rise of National Socialism in America
Region: United States
The corporate owned mass media, has vocalized loudly about an apparent "shift to the left" in the United States. This includes decries from veteran CNN Harvard University educated Lou Dobbs, who has cried out against the t... more
Views: 460 Rating:
Geithner's Financial Plan: Much Ado About Nothing
Region: United States
Yesterday Treasury Secretary Timothy Geithner "unveiled" the Obama Administrations new plan for economic recovery. The almost ten pages of the speech given by Mr. Geithner were released shortly thereafter. ... more
Views: 440 Rating:
Obama Chastises AIG Executives
Region: United States
It was recently reported in the mainstream media that the executives of insurance giant, AIG, requested over 165M in unpaid bonuses for executives which they claimed were due and petitioned the Secretary of the Treasury, T... more
Views: 279 Rating:
How to Cure the Golden Parachutes (And Stop The Corporate Thieves)
Region: United States
Recently I received a plea from a liberal left wing group and organization asking me if I would join in their fight to protest the fact that over 18 billion dollars from the last Congressional bailout of the bank... more
Views: 307 Rating:
AIG Receives Fourth Bailout
Region: United States
Earlier this month it was announced that London based AIG ("American" International Group) is to receive another 30 billion dollars due to fourth quarter losses under the terms of the September bailout passed by the Bush A... more
Views: 345 Rating:
What Does the Latest Federal Bailout Mean for AIG?
Region: District of Columbia
By Anne Szustek In exchange for a $30 billion bailout, AIG agreed to hand over control of two of its divisions to the U.S. government. The agreement marks the company's third federal bailout in five months. ... more
Views: 566 Rating:
Fran Lebowitz on Football, Algebra, Cigarette Smoking, Marriage, and the Economy.
Region: New York
There are at least two things that essayist Fran Lebowitz does not understand: football and algebra. “If they were having the Superbowl in my living room, I wouldn’t walk down the hallway from my bedroom,... more
Views: 724 Rating:
Son, Get a Job Where You Shower Before Work!
Region: New York
In the 19th Century, Horace Greeley's sage advice to an aspiring youth was “Go West Young Man”. In the 20th Century, in The Graduate, Duffin Hoffman’s character, Benjamin Braddock, is given the ... more
Views: 909 Rating:
