And I thought “Change” was coming. Sounds like it’s the same ‘ol situation. Obama and pals are “outraged” at the bonuses AIG execs received while at the same time they’ve taken the company to the crapper. However, Senator Dodd, as well as Treasury Secretary Tim Geitner knew about the bonus payouts, new they were going…
Tag: AIG
More Bailouts: Auto Industry
This is getting ridiculous. I ranted about the bailouts before, I’ll do it again. SAY NO TO THE BAILOUTS! Now, Pelosi and Co. want to bailout the auto industry. ARE THEY FREAKIN’ NUTS!?! The most sensible comment on this actually came out of the White House: White House spokeswoman Dana Perino said the companies had…
Wiki On Subprime Mortgage Crisis
A nice, continuosly updated, writeup on Wikipedia on the current Financial Meltdown and Credit Crisis can be found here.
Paulison’s Unconstitutional Bailout Proposal
From The Nation: Under Paulson’s draft plan, Congress and the courts would have been barred from reviewing or challenging his moves to stabilize financial markets — effectively making him the nation’s economic czar. That’s not just a dangerous power grab for economic and politic reasons. It’s unconstitutional. So basically, this man is looking for $700…