From the category archives:

Economy

H1N1 Swine Flu Trumps Alfalfa Salmonella

April 30, 2009

The FDA and the CDC have given the latest salmonella outbreak a pass, apparently.  One has to look deep into the newspaper to read anything about the latest 31 cases of salmonella that is affecting at least six states. I’m not minimizing the potential danger of the H1N1 flu virus.  However, it seems that we [...]

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AIG Gets Some Bonuses Back with Resignations

March 23, 2009

Under pressure to return the over $200 Million in bonuses, 15 of 20 executives in the Financial Products division have returned their bonuses.  The Financial Products group, most commonly referred to in Congressional testimony as the “FP” is the rogue division that took AIG from a well respected insurance company to the high rolling gambler [...]

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The Needs of Citigroup’s Vikram Pandit

March 23, 2009

Well, we suggest that he may need a new job… or a trip to the unemployment line.  However, Vikram Pandit believes he needs a new Sub-Zero refrigerator… in his executive office. The new floor plan features offices with glass walls, designed to create a more open atmosphere. It has common areas to encourage spontaneous meetings [...]

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The Redemption of Timothy Geithner

March 23, 2009

Today was called the day of reckoning by many of Secretary of Treasury Timothy Geithner’s critics.  And, there have been plenty of critics of late.  Many have been sitting on the sidelines, offering nothing of substance and a lot of critical analysis, waiting for Tim Geithner to fail on all fronts.  In fact, it almost [...]

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Two Wrongs Do Not Make a Right

March 22, 2009

The Democratic Party is acting like the ass that represents them.  Who could have imagined that Congress, both the House and the Senate, could squander the opportunity to lead our nation into a better place? Well, this week we have seen the heavily Democratic dominated Congress act like the ringmasters of their own three ring [...]

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Three Banks, Two Credit Unions Taken Over

March 20, 2009

More banks and now two credit unions were taken over at closing on Friday. The three banks taken over by the FDIC are FirstCity Bank of Stockbridge, GA, Teambank National Association of Paolo, KS, and Colorado National Bank of Colorado Springs, CO. FirstCity Bank will not reopen on Monday under a different name.  The other [...]

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More Bonuses and Unpaid Corporate Taxes

March 20, 2009

Following the AIG bonus bungle, it is now reported that Fannie Mae is set to write bonus checks into the millions of dollars. And reports surfaced that beleaguered mortgage giant Fannie Mae was set to pay millions in retention bonuses — the very sort of payouts that has fueled condemnation of AIG all this week. [...]

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Citigroup Spends $10 Million to Redecorate

March 19, 2009

So, where is the outrage?  This evening it was announced that Citigroup is spending $10 Million to redecorate the executive offices.  Yep!  That’s the same Citigroup that took billions in taxpayer dollars, tried to buy a $50 Million French airplane, and is behaving like a child who broke into the piggy bank. Of course, the [...]

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House Taxes AIG Bonuses Back to Taxpayers

March 19, 2009

By a vote of 328-93, the House of Representatives voted to tax the AIG bonuses totally $165 Million by 90%.  It was nothing short of a two-ring circus in the House as the Republicans held dominated one ring and the Democrats the other.  Finally, due to the majority of votes being held by Democrats, Republicans [...]

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Where the AIG Money Went

March 15, 2009

For some reason, perhaps the anger that has been raging across the country following the announcement of more bonuses to be paid to AIG employees, AIG decided to tell us where the money went… at least part of it. Click here to see where some of our tax dollars went. For months AIG has failed [...]

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