The Crimson Blog

Views and Social Commentary about News of the Day, Society, and Technology

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Entries Tagged as 'Economy'

AIG Paying Bonuses After Receiving Bailout?

March 16th, 2009 No Comments

AIG recently disclosed that it will be paying out $165 million in bonuses, despite having recently received billions of dollars in U.S. Government bailout money. AIG says that it is contractually obligated to pay out these bonuses, and that it risks extended litigation if it does not pay out. People on both the left and […]

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Stewart vs. Cramer

March 14th, 2009 2 Comments

So, many of us have seen the spectacle of Jon Stewart on the Daily Show skewering Jim Cramer and CNBC.  And then the big showdown between Stewart and Cramer on the Daily Show. Frankly, it was a bit anti-climatic.  Stewart seemed to have his lines of attack all set up and ready to go, while […]

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The Subprime Mortgage Mess and the Folly of Bailouts

April 14th, 2008 3 Comments

I will be one of the first to admit that the subprime mortgage meltdown in the U.S. is harrowing and completely devastating for whole swaths of the U.S. economy.  Foreclosures are occurring left and right, and the areas hardest hit are seeing entire sections of neighborhoods now sitting empty, due to foreclosures.  The societal impacts are […]

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