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Business

Bailout Scandal So Soon? AIG Executives Blow $440,000 on Retreat One Week Later
Business  (tags: AIG, bailout, Senator Henry Waman, tax dollars, waste, House hearing )

RC
- 2516 days ago - voices.washingtonpost.com
I'm sure this retreat at the St. Regis Resort Monarch Beach is going to do wonders for our moribund economy. Revealed during a hearing on AIG at a House Committee on Oversight and Government Reform Committee, Sen. Henry Waxman and others blasted AIG.
Credit Card Issuers Getting In Their Licks Ahead Of Reform
Business  (tags: obama, business, banks, credit, cards, reform, law, corruption, crime, abuse, lies, greed, bailout, americans, dishonesty, government, economy, corporate, ethics, finance, money, politics, investments, consumers )

Tom
- 2249 days ago - huffingtonpost.com
Chase has recently increased the monthly minimum payment on select accounts that have carried balances. Effective August 2009, impacted cardmembers will have their minimum payment increased from 2% to 5% of the statement balance, said a Chase spokeswoman.
Wachovia Outdoes AIG in Executive Rewards With Our Tax Dollars
Business  (tags: Wachovia, bailout, tax dollars, cruise, Greek islands )

RC
- 2514 days ago - latimes.com
Oh yes indeed - Wachovia is eagerly its awaiting bailout with our billions. In the meantime, its top brokers will enjoy a cruise of the Greek isles. 75 employees, with their spouses or significant others, will cruise on our dime - all expenses paid.
Bush Rushes to Sign Bailout - Now His Business Pals' Butts Are Covered
Business  (tags: Bush, bailout, banking, money, legislation )

RC
- 2521 days ago - money.cnn.com
Unreal...he already put an X on the line...
Debtor's Revolt: Woman Refuses To Pay Off Bank Of America Credit Card (VIDEO)
Business  (tags: americans, business, consumers, corporate, corruption, dishonesty, finance, investments, money, ethics, economy, abuse, banks, credit, cards, revolution, bailout, bofa, arrogance, greed, society, debt )

Tom
- 2173 days ago - huffingtonpost.com
The credit card industry made a villain of itself this year by benefiting from billions in taxpayer bailout dollars and then thanking taxpayers by raising interest rates and minimum monthly payments, even on their good customers. It's time to fight back!
Federal Reserve & Treasury Want Huge Bailout for "Worst Financial Crisis We'Ve Ever Seen"
Business  (tags: Federal Reserve, Treasury Department, economuy, financial crisis, mortgages, US government, taxpayer dollars, Congress, bailout )

RC
- 2535 days ago - nytimes.com
An unprecedented measure allowing the government to buy failing mortgages from banks & other lenders is under discussion right now between the heads of the Federal Reserve, the Treasury Department & leaders in Congress.
Senator Max Baucus Wants Answers From Bernanke About AIG
Business  (tags: AIG, Max Baucus, Ben Bernanke, bailout, fraud, corruption )

RC
- 2513 days ago - bloomberg.com
Senate Finance Committee chairman Baucus asked for hard answers about AIG and its free-spending activities and wants a reply by October 23. One of his major questions: "Who can we fire?"
Most Say Tomato, But Some Still Say Tomah-Toh on Bailout
Business  (tags: Congress, bailout, Republicans, Democrats, Barney Frank, Chris Dodd, golden parachutes, Bush )

RC
- 2529 days ago - online.wsj.com
Apparently both houses of congress have reached a substantial agreement on a "modified" Wall Street bailout plan...but there are some Republicans who deny there is a bipartisan deal. Straight from the Wall Street Journal...
Credit Card Firms Try End Run Around New Federal Rules
Business  (tags: obama, business, banks, credit, cards, reform, law, corruption, crime, abuse, lies, greed, bailout, americans, dishonesty, government, economy, corporate, ethics, finance, money, politics, investments, consumers )

Tom
- 2242 days ago - latimes.com
Banks are quietly changing the terms of millions of credit card accounts as they brace for a tough new law that will limit rate hikes. The law will restrict interest rate hikes unless a card has a variable rate, so banks are doing away with fixed rates.
It Keeps Growing and Growing and Growing...
Business  (tags: bailout, Federal reserve, unsecured debt, innflation, money, world economy, moneylending )

RC
- 2517 days ago - nytimes.com
Despite the Miracle of the Sacred Bailout, the world economy is shattering & sinking. Now the Federal Reserve has a new brainstorm: "Hey kids, let's buy vast amounts of unsecured short-term debt that companies use to finance their day-to-day activities!"
Politically-Unaffiliated Economists Repudiate Paulson's Plan - 200 Sign Petition Against It
Business  (tags: bailout, academic economists, Paulson, banking )

RC
- 2528 days ago - washingtonpost.com
This doesn't surprise me, since the plan is clearly geared toward saving the cronies and donors of politicos. But it's good to know what these academic economists object to.
The Bailout Explained
Business  (tags: bailout, Wall Street, economy, taxes, US government, Congress )

RC
- 2531 days ago - nytimes.com
An easy-to-understand overview of the Big Bailout. Guaranteed to raise your blood pressure!
Crimes Suspected in 20 Bailout Cases -- for Starters
Business  (tags: money, bailout, government, politics, society, finance, economy, dishonesty, corruption, corporate, business, foreclosures, cover-up, debt, abuse, americans, consumers, investing, ethics )

Tom
- 2320 days ago - latimes.com
In the first major disclosure of corruption in the $750-billion financial bailout program, federal investigators said Monday they have opened 20 criminal probes into possible securities fraud, tax violations, insider trading and other crimes.
EVeryone's Smiling as Banks' and Billionaires' Bailout Rescue Gets Closer
Business  (tags: bailout, Paulson, Pelosi, Franks, Dodd, Bush, Democrats, Republicans, bailout, banks, loans, lending, mortgages. debt, taxes )

RC
- 2526 days ago - washingtonpost.com
""We've been working on this a long time. We've still got more to do to finalize it, but I think we're there. So far, so good," beamed Henry Paulson. Good for whom?
Paul Krugman - Rewarding Bad Actors
Business  (tags: business, economy, investments, corporate, corruption, finance, ethics, investing, money, bailout, investors, wall, street, bonuses, abuse, dishonesty, greed, Goldman, Sachs, Citigroup )

Tom
- 2216 days ago - nytimes.com
Americans are angry at Wall Street, and rightly so. First the financial industry plunged us into economic crisis, then it was bailed out at taxpayer expense. And now, with the economy still deeply depressed, the industry is paying itself gigantic bonuses.
 

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