Recently, the Obama administration has changed its tune and decided to limit executive pay for the Wall Street firms and banks that have taken TARP money. Although many of the banks have already paid back most of the tax payer bailout money, the sheer amount of money they are planning to hand out this year is considered a gross...
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The crisis that almost brought about the fall of civilization as we know was started by unscrupulous Wall Street bankers and brokers who knew that any risk they incurred would be passed on to somebody else. After the federal government stepped in and prevented a financial catastrophe, many observers believed that a new, sobered...
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Boo hoo! AIG paid their top executives $160 million of our hard earned tax dollars and we are supposed to be up in arms about it. Maybe you are genuinely pissed about this issue; and maybe it’s a way to rile up the Joes to get a free drink at the local pub. Either way, I am quite bored by the grandstanding from...
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The government has sunk (understatement alert) a lot of money thus far trying to move the country out of this recession. As of this writing, their attempts have proven futile. “Why”, you may wonder, “have we spent all of this money and it has not helped?” Comparing our economy to a human body accurately...
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Now that a weak, and underfunded stimulus plan has been voted on by the Senate and is on its way to conference, let us turn our attention to something a bit more important: the looming collapse of our financial sector. In the midst of the political squabbling over the stimulus plan, we missed the fact that the $750 billion bank...
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