From the monthly archives:

January 2009

Bailout Bonuses Angers America

January 29, 2009

Wall Street needs a reality check, not another bonus check.  It has often been said, “The wife is always the last to know.”  In this case Wall Street seems to be among the last to get the message.  Wall Street is not king… not any more.  The American taxpayer who has never set foot on [...]

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Blagojevich Convicted in Illinois Senate

January 29, 2009

In all of the Capitol in Springfield, Illinois there was but one vote between the State House and the State Senate against the conviction of now former Governer Rod Blogajevich.  The lone vote came from his sister-in-law who has a seat in the House.
After a morning filled with closing arguments and repeated hour long cacuses by [...]

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Gov. Rod Blagojevich Pleads Case Before Illinois Senate

January 29, 2009

This morning Governor Rod Blagojevich of Illinois took the podium in the Illinois State Senate to defend himself against impeachment.  The governor delivered an impassioned speech, tackling each of the Articles of Impeachment one by one.
While I cannot pass judgment on Blagojevich’s guilt or innocencence, I can offer an opinion on the proceedings.  Apparently, Governor [...]

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Obama Signs Fair Pay Act into Law

January 29, 2009

This morning shortly after 10:00 President Barack Obama signed the Lilly Ledbetter Fair Pay Act into law.  Ms. Ledbetter stood to President Obama’s side as he signed the bill into law. 
This was the first bill signed by President Obama.  As he left the room he was overheard saying, “This is a good way to start.”
Amen

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FDA Did Little to Prevent Salmonella Outbreak

January 28, 2009

Talk about another failure of the FDA!  The FDA knew of the potential for salmonella at the Peanut Corporation in Blakely, Georgia.
Of course, the FDA is blaming the plant but what did the FDA do to prevent the salmonella outbreak?  Nothing.
The Food and Drug Administration (FDA) said at least 12 times over the past two [...]

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Where Did the TARP Money Go?

January 28, 2009

Below are links to the tranche reports on the TARP funds.  If you have been wondering where our tax dollars have gone…

Tranche Report 11/03/08
Appendix to 11/03/08
Tranche Report 11/21/08
Appendix to 11/21/08
Tranche Report 12/02/08
Appendix to 12/02/08
Tranche Report 01/08/09
Appendix to 01/08/09

The Appendix reports give a break down of the institutions who are recipients of TARP funds and the [...]

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AIG to Give Out Bonuses, TARP Money Gone Wild?

January 28, 2009

According to Bloomberg news, AIG, the insurance giant too big to fail is going ahead with plans to give out bonuses to to some 400 Wall Street employees to the tune of $450,000,000.  That is over $1,000,000 per employee.
About 400 workers at New York-based AIG’s financial products unit may get $450 million in two installments, [...]

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