From the category archives:

The Issues

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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I Work for AIG… and So Do You

March 15, 2009

And, perhaps the time has come for all of us to stage a walk-out!  We learned today that the UN-American International Group, which has survived on the dollars generated from the work you and I do by way of our tax dollars, is paying out millions of dollars in bonuses to those who are “too [...]

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AIG Gets More Money!

March 1, 2009

Still too big to fail, AIG is expected to report a $60,000,000,000.00 loss tomorrow morning. So, of course we know that Uncle Sam is on the white horse riding to rescue the Damn-Fools in distress.  We stand beside the notion that if it is too big to fail, it is too big.  Giving more money [...]

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Peanut’s Parnell Pleads Fifth Amendment Protection

February 11, 2009

Okay, so when I got up this morning I was torn between watching the Congressional hearings on the peanut salmonella case and watching eight bank CEO’s get a good grilling by another Congressional committee. I turned to the Congressional committee hearing on the peanut case first, wanting to get my first look at Stewart Parnell, [...]

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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 [...]

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Political Influence and the TARP Program

January 22, 2009

If anyone thinks the TARP program under Henry Paulson’s guidance was not steered by political influence, think again. According to the Wall Street Journal politicians in Washington, some of the same ones who have been on a Paulson TARP bash recently, received what some may call special treatment for banks in their districts. …in December OneUnited [...]

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Robert Jaffe’s Part in the Madoff Scam

January 14, 2009

Robert Jaffe was Ol’ Bernie’s middleman, at least one of them.  He missed his meeting this week (Tuesday) with regulators offering a note from his doctor saying he is sick.  The old doctors’ note routine. Massachusett’s top securities regulator has sued to force Jaffe to testify.  Apparently, Robert Jaffe led billions of dollars to Bernie. [...]

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Citigroup with a Small “c”

January 14, 2009

It seems that the giant that we could not let fail, Citigroup, is imploding despite the $300+ Billion in guarantees and the Billions in transfusions. Citigroup CEO Vikram Pandit is finally dismantling the house that Sandy Weill built, but will the businesses that remain form a durable, well-integrated player? Or will the remaining parts be [...]

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Lilly Ledbetter Fair Pay Act Heads to Senate

January 13, 2009

Below are excerpts from NOW communication: Last Friday, the U.S. House of Representatives passed the Lilly Ledbetter Fair Pay Act (H.R. 11) and the Paycheck Fairness Act (H.R. 12) by a vote of 247-171 and 256-163 respectively. A good start for the 111th Congress and women’s rights supporters. After the House vote on Jan. 9, [...]

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