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Band-Aid Still Stuck on Big Bailout Banks
" In September last year, the Bush regime left behind its old refrain that “the fundamentals of the economy are strong,” and went to Congress for a quick $700B to bail out collapsing banks stuck with toxic...
AIG Posts Record Q4 Loss, Gets Extra $30bn Bailout
Troubled US insurer AIG has reported a $62bn loss for the fourth quarter of 2008 - the largest such loss in corporate history. "The insurance giant, one of the highest profile casualties of the credit crunch,...
created by Rachel Nixon | 4 years ago | updated 4 years ago
276 views | 28 recommendations | 7 comments
276 views | 28 recommendations | 7 comments
America’s Overnight Transformation
The centerpiece of the Administration’s rushed, colossal bailout and stimulus program is the taxpayer support of the nation’s 20 largest banks. Treasury Secretary Geithner, former Federal Reserve Bank of New York President, is Obama’s point man on the aggressive plan to... Obama’s Economic Plan: A for oratory & F for substance
Obama’s Economic Plan: A for oratory & F for substance
It is very nice to hear good oratory full of populist phrases & populist schemes with out any explanation from where the money will come from.... the public is in no mood to bail out Citibank and its rich shareh
the public is in no mood to bail out Citibank and its rich shareholders.
Foreign Exchange - Currency OutlookThe financial crisis is made worse - prolonged - by the talk of US bank nationalization if nationalization is not a real possibility today, and we say it's not.... Britain's PFI projects may look for huge government bailout
Public finance initiative (PFI) projects in Britain may be looking for a multi-billion pound bailout from government as funding sources dry up in the wake of the global economic crisis. Some think that when the British government brings down its budget in April, there will be... Las Vegas stripped by deep recession.
Las Vegas stripped by deep recession. Don’t believe it….! It so happened that I had to visit Las Vegas for Home furnishing trade fair (related to my business) in World Market Center. When landed the land... Port Mann bridge partner reports massive losses on toll roads
The key investor behind the public-private partnership building and operating the new ten-lane Port Mann toll bridge today reported a loss of over $1 billion (CAD). Macquarie Group's infrastructure arm took the bath on its toll road assets around the world. " Macquarie... Automakers Outline Bailout Strategies
Update: As Detroit's automakers hit the deadline, GM and Chrysler have reached an agreement with UAW, the details of which are not yet public. Chrysler will be asking for $9 billion in bailout money on top of...
created by Jordan Yerman | 4 years ago | updated 4 years ago
336 views | 5 recommendations | 1 comment
336 views | 5 recommendations | 1 comment
GM, UAW Resume Talks
General Motors (GM) and Untied Auto Workers (UAW) have resumed talks ahead of Tuesday's deadline for GM to hand its restructuring plan to the Federal Government. This plan is a requirement from the bailout agreement, in order to prove that GM is positioned to properly manage...Anger over Banking Bailout Abuses inspires new iPhone arcade game
PlayScreen is previewing "Bailout Bonanza," a classic arcade game where you try to stop the abuses of executives using the Federal Bailout of the banks and financial institutions for their own personal benefit.Featuring your choice of a Swipe or Tilt interface, "Bailout... Private Jet for the President, but not business?
Why was a private jet, a Boeing 757 at that, good enough for the current president's campaign, but not good enough for businesses?Let me tell you why he used the private jet. Outside of the obvious security... Republican Sen. Judd Gregg Withdraws Nomination As Commerce Secy.
The reason for the withdrawal has one asking, why did Senator Gregg allow himself to be considered in the first place ... number one reason? - POLICY DIFFERENCES! " Republican Sen. Judd Gregg of New Hampshire... 170 views | 39 recommendations | 5 comments
No, Please .... Don't Call It a Bonus! It's a 'Retention Award'!
While CEOs of eight banks sat before Congress on February 11, 2009, one of the CEOs there from Morgan Stanley, attempting to justify their questionable actions after having received Troubled Asset Relief Program...
created by Karen Hatter | 4 years ago | updated 4 years ago
898 views | 78 recommendations | 13 comments
898 views | 78 recommendations | 13 comments
2009 Stimulus For People Under 18
In 2008 I did not qualify for the stimulus package due to my age, and I was wondering if I was going to qualify for the upcoming one. Im 17, 18 in August, and made $12,200 in 2008, do you think I will qualify for it or am I SOL
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