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2009 Wall Street Bonuses: $140 Billion in Taxpayer Money
This past summer, angry tea baggers yelled, screamed and berated Democrat lawmakers over government spending on health care. There was also a protest in Washington D.C. over the taxpayer dollars being used to... Charlotte Foreclosure Homes Rising, TARP Not Helping
The number of Charlotte foreclosure homes rose another record high in August. Industry experts said that the federal government’s Troubled Asset Relief Program (TARP) failed to prevent thousands of homeowners in North Carolina from losing their properties to foreclosures. "... AIG and C Stock Quote Rebound: Market Quotes
In Q2, AIG can quote a $1.82 B net income. The results are the first profit reported for the company since 2007. AIG's stock price rallied up 7.8 % due to the Q2 financial report in addition to the positive market indicators on the economy: The monthly unemployment index... Meadowcraft Jobs on the Line in central Alabama
Everyone tells us the economy is bad and credit is tight, but the economic crisis is personal for thirteen hundred people in Central Alabama. Plantation Patterns, a subsidiary of Meadowcraft, Inc..with plants in Wadley and Selma has been in bankruptcy since March 20 and... THE OBAMA DEBACLE?
Despite overheated rhetoric by its defenders, history will not prove kind to George W. Bush and his foreign policy decisions that have been or well be debacles. The Obama administration is quite right to argue repeatedly that the Bush team left behind a foreign policy mess... CIT Stock Spikes on News of Bondholder Deal
CIT Group, which had been flirting with bankruptcy, has secured some last-minute funding. The news sparked a massive surge in CIT stock. The US federal government had given CIT Group over $2 billion in TARP funding, and recently turned down a request for yet more financial... List of 10 U.S. Big Banks Approved to Repay $68 Billion Bailout
The U.S.Treasury Department has approved 10 of the country's largest banks to begin repaying $68 billion in bailout money. The banks have been eager to repay the money received through the government's Troubled Asset...
created by Jarrett Martineau | 22 wks ago | updated 22 wks ago
264 views | 12 recommendations | 1 comment
264 views | 12 recommendations | 1 comment
Obama, "Moving Chairs Around"
I Guess Moving Chairs Around and Lobbyists in the White House was not Such a Bad Idea By Albert N. Milliron, Editor, Politisite.com, Iron Mill Interactive Media, Inc This writer followed Barack Obama around the... Geithner Updates Congress on Government Foreclosures Program
Secretary Geithner presented updates on TARP, the banking sector and the government foreclosures program before members of the Congressional Oversight Panel on Tuesday. " The uncertainty surrounding the health of... $9.9 Billion for Banks under Government Foreclosures Program
Now six major banks have $9.9 billion to motivate them to help distressed homeowners save their homes from private lender or government foreclosures. For each loan successfully modified, lenders could get up to $4,500 in total incentives."Now six of the country’s... Comprehensive 10 Year Review of AIG's Accounting Practices
AIG now stands for "arrogance, incompetence and greed" ...according to U.S. House Representative Paul Hodes (D-NH). Now it ratchets way up... U.S. Senator Chuck Grassley (R-IA), said AIG executives should follow...
created by danglingwrangler | 32 wks ago | updated 32 wks ago
166 views | 4 recommendations | 1 comment
166 views | 4 recommendations | 1 comment
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... Citigroup Joins AIG in Paying Bailout Bonuses to Top Executives
Citigroup joined AIG in the "you have to be kidding me" hall of fame when it announced that it would be paying big bonuses to top executives for the 2008 fiscal year. Despite rules restricting bonus payments in bailout funded financial institutions Citigroup has said it... POLITICS TRIUMPH OVER ECONOMICS: US Congress to Tax Bonuses
US Congress of morons wants to enact a law to tax Bonuses AKA Retention Awards rather than enacting the law there can not be any Bonuses or Awards as long as Companies are in loss. If this Law would have been there... American International Group (AIG) Sues U.S. for $306MTax Refunds
The lawsuit was filed by American International Group (AIG) in Federal District Court in New York on February 27, 2009. From the article:" A.I.G. is effectively suing its majority owner, the government,...
created by Karen Hatter | 33 wks ago | updated 33 wks ago
144 views | 30 recommendations | 2 comments
144 views | 30 recommendations | 2 comments
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