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Attorneys General's Probes Reveal AIG's Boundless Greed
In light of the fact that Wall Street, over the years, has a habit of paying big bonuses even when the companies are reporting large losses. By the same token, in the recent years, state attorneys general have been... President Obama & NY Attorney General Cuomo Outraged by AIG
""Taxpayers of this company are now supporting AIG, and they deserve at the very least to know how their money is being spent." Andrew Cuomo, New York Attorney General. " When word got out that AIG, the failed... The Bush Administration Overpaid $78 Billion to Banks in Bail Out
The Troubled Asset Relief Program (TARP) was launched in 2008, by President George W. Bush in response to the alarming slowdown in global capital markets, which was triggered by a housing slump that undermined... Paulson Among Buyers of Failed IndyMac Bank
The FDIC issued a news release Friday to let the world known the agency’s board had approved a letter of intent to sell IndyMac Bank to a thrift holding company controlled by IMB Management Holdings LP. ... Suit Filed Over AIG’s Promotion of Shariah Law
One week ago today, officials at the Thomas More Law Center announced they had filed a federal lawsuit (pdf) against Treasury Secretary Hank Paulson and the Federal Reserve Board to stop all bailout funds from going to American International Group, Inc., the insurance giant... Government to aid credit issuers with $7.76 trillion
UPDATE 2:38 EST: The US treasury department has revealed it is going to provide an unprecedented $7.76 trillion for guaranteeing Citigroup's debt in a bid to rescue the frozen credit markets for consumers."The... CDTV.net: The Federal Reserve, Part 2 of 2
What do you think of the next fed move and why? Do you think if there are more regulations now, can we avoid these events in the future? Interview with Christopher L. Hanes, economics professor, at the...The U.S. economic crisis, week in review
It has been a turbulent week in U.S. financial markets, the worst since the 1980’s , and the ripple effects continue to be felt in markets around the globe. The Dow Jones Industrial Average has been on a roller coaster all week as a result of bankruptcy announcements by...U.S. Exchange Stablization Fund to collateralize up to $50 billion of money m...
Final Update 4: 4.44PM ESTThe Treasury issued a statement widely reported:" “For the next year, the U.S. Treasury will insure the holdings of any publicly offered eligible money market mutual fund — both...
created by bullion-advisor | 1 year ago | updated 1 year ago
559 views | 2 recommendations | 2 comments
559 views | 2 recommendations | 2 comments
Lawsuit filed to stop AIG bailout, tax the wealthy instead
A federal lawsuit filed late Thursday on behalf of US taxpayers attempts to put a halt to the AIG bailout. The petition, filed in a US District Court in Albany NY, asserts that the government does not have...
created by Tina Kells | 1 year ago | updated 1 year ago
2009 views | 16 recommendations | 14 comments
2009 views | 16 recommendations | 14 comments
CDTV.net: The Federal Reserve, the latest move and why
The latest Fed move and why the Federal Reserve keeps on bailing out companies. Interview with Christopher L. Hanes, economics professor, at the Binghamton University, and a former Board of Governors at the...CDTV.net: Government Bails Out AIG (NYSE: AIG)
Interview with Greg Womack, President of Womack Investment Advisers, Inc. (WIA), at Edmond, Oklahoma. Why 79.9%? What if AIG fails again? What if AIG becomes profitable again, do we get a rebate check or lower taxes?
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