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, Timothy Geithner, for additional sums from the September bailout in order to satisfy these "obligations." Mr. Geithner, while he was portrayed […]
The Middle East War: Is It A Banking War?
Since it is clear to most Americans at this point that America’s continued presence in the Middle East in both Iraq and Afghanistan is not at all primarily as a response and defensive mission with respect to the attacks on this country by Osama bin Laden and the Taliban in September 2001, but for purely economic […]
AIG Plot Thickens: Now Want 165M For Bonuses
The plot just continues to thicken on the AIG bailout now being overseen by Timothy Geithner, the Obama Administration’s Secretary of the Treasury. It seems that not only was AIG loosey-goosey in it’s business practices prior to the September bailout, but apparently also now is being rather evasive with respect to just where the so-far […]
How to Cure the Golden Parachutes (And Stop The Corporate Thieves)
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 banking industry went to the major executives of these supposedly failed banking institutions for their own severance packages and group therapy […]
Mortgage Foreclosure Banking Scam Continues
Forbes Magazine recently published the top ten states in February for home foreclosures around the nation. Surprising to few, the top ten states included a great many of the SunBelt States and the Rust Belt manufacturing states which have been hardest hit by high unemployment rates. There are many factors which Forbes left out in […]
Obama’s Foreclosure Rescue Too Little, Too Late For Most
President Obama unveiled his massive program in order to assist homeowners now in threat of foreclosure throughout the nation. There is only one difficulty with all the bells and whistles both he and the media have attempted to place on this "rescue." Simply a case of too little, too late. The American public by and […]