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A.I.G. Protests in New York, Boston and Pittsburgh
As AIG gets raked over the coals in Washington, American citizens are taking matters into their own hands, protesting outside the insurance giant's Manhattan headquarters. AIG staff are urged not to display any...
created by Jordan Yerman | 4 years ago | updated 4 years ago
569 views | 25 recommendations | 3 comments
569 views | 25 recommendations | 3 comments
Citigroup Seeks Reverse Stock Split
Us banking corporation Citigroup, having sucked up $45 billion in bailout money, is considering a reverse stock split, which would give the US government a 36% stake in the financial giant. A reverse stock split is a... The End of an Empire caused by Spiral of Ignorance.
Lack of understanding of the credit crunch is magnifying its damage. Almost nobody appears to know what he is talking about. The havoc of this financial crisis has stretched and outstripped most economists.... 386 views | 16 recommendations | 17 comments
Unions Renegotiated Their Contracts, but AIG Executives Won't
Rep. Gary Peters (D-Michigan) attacked AIG for not renegotiating their “iron clad” contracts the same way the auto workers union (UAW) was forced to do during the recent car-maker bailouts. “In my... AIG CEO Requests Execs Give Back Half of Bonuses
Update: AIG CEO Edward Liddy has asked bonus recipients to give half of the money back. I don't imagine that this will pacify the public, and thus lawmakers must keep re-election prospects in mind when... 319 views | 36 recommendations | 4 comments
Iowa Senator Suggests AIG Executive Suicide
Iowa Senator Charles Grassley came up with an alternative to AIG's handing out bonuses to the execs who drove the insurance giant into the ground: seppuku. Obviously Grassley isn't serious, but he's only saying what a lot of people are thinking: not only should AIG... 266 views | 1 recommendation | 1 comment
Circular Logic Defines Obama’s Turn At President
" Leaders of the White House economic team and the Senate's top Republican bellowed about bonuses at a bailed-out insurance giant and pledged to prevent such payments in the future.From one Sunday talk... 341 views | 6 recommendations | 5 comments
Fed Chief Bernanke Sees End to Recession
"Federal Reserve Chairman Ben Bernanke says he thinks the recession will probably be over by the end of this year but he still sees a risk there is not enough political will to stabilize the banking and financial...
created by Blaine Metzgar | 4 years ago | updated 4 years ago
171 views | 0 recommendations | 2 comments
171 views | 0 recommendations | 2 comments
Claptrap & Scam
When the Spanish Galleons in the 16th century came back from the discovered New World with cargoes full of gold and silver coins, they thought to have hit the jackpot with their bonanza. Iberia then had plenty of... Outrage Spreads over AIG Payouts "Too Big to Fail"
The Financial Post calls AIG's payment of $93 billion (half of its bailout package) a "potential public relations nightmare". I'd replace "potential" with "actual". If NowPublic reactions are anything to...
created by Jordan Yerman | 4 years ago | updated 4 years ago
176 views | 10 recommendations | 0 comments
176 views | 10 recommendations | 0 comments
AIG to pay $165M in Executive bonuses, from Bailout Cash
Barry Artiste Op.EdWith Americans struggling to keep food on the table and a roof over their head, isn't it nice AIG is handing out bonuses to the tune of $165 million dollars of taxpayers money in the form of performance Bonuses to needy Executives. One would... Who Should We Blame for All the Impact of the Current Recession?
Today, in the U.S., whether you are a blue or white collar worker and if you still have a job, any kind of job, and have not been laid off or threatened to be laid off, then you are either just lucky, your laid off time hasn't ticked in yet, your employer's industry has not... GM Wants More Bailout Money or "Will Go Bust"
General Motors warns that it will go bust unless it gets at least $3.5 billion more in federal cash, on top of the $16 billion it's already received. That's only for 2009: GM is asking for $2.3 billion more by 2014....
created by Jordan Yerman | 4 years ago | updated 4 years ago
198 views | 12 recommendations | 1 comment
198 views | 12 recommendations | 1 comment
In search for the truth, a global meltdown theory
The problem when a government administration is faced with a rather large problem, their provided solution is normally laced with the political party agenda of which would normally be thrown to the wind or...
created by Babel-Fish | 4 years ago | updated 4 years ago
379 views | 17 recommendations | 8 comments
379 views | 17 recommendations | 8 comments
Canada's new haves and have-nots "Bastielle Day"!
Barry Artiste Op/Ed And it begins, when the "Have Nots Rebel Violently against the Haves" regardless if the "Haves" worked hard for their Status in Life, they will all be painted with the same Lighted Torch, reminiscent of the Paris Citizens Rebellion of King Louis' XVI...
created by Barry ORegan | 4 years ago | updated 4 years ago
113 views | 0 recommendations | 0 comments
113 views | 0 recommendations | 0 comments
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