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 [...]
Entries Tagged as 'Economy'
AIG Paying Bonuses After Receiving Bailout?
March 16th, 2009 No Comments
Tags: AIG · American International Group · bailout · bonuses · TARP
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 [...]
Tags: CNBC · Comedy Central · Economy · Jim Cramer · Jon Stewart · Mad Money · The Daily Show · Tucker Carlson
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 [...]
Tags: bailout · subprime mortgage