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The government's plan to limit executive pay for the leaders of the troubled and rescued companies that took bailout money to survive is on the table. In the end, it will affect only 25 executives at seven companies because the other companies who took loans while the economy was in free fall have paid the money back to avoid pay dictates like this. Read More »
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AIG is just one example of giving help to the wrong people or should I say entity. We the People, humm makes you think for a second. Then there was the big three auto makers flying in private jets to beg for stimulus money. NYSE reflects big money movement, and if you read who was paid bonuses from… Read More »
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On the hot seat with Congress today, AIG's CEO Edward Liddy said he had asked the employees of the insurance giant's financial products unit who received bonuses of $100,000 or more to return "at least half of those payments."
AFP via Yahoo! News
In a year when so many people are unemployed and those still employed couldn't even hope for a bonus when pay freezes are becoming standard procedure, it's the least AIG can do since the $165 million in bonuses should never have been paid out to begin with. Read More »- Let’s talk: Comment (18) | Blog
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I find the "shock and awe" reaction that people are having over AIG paying off their insurance claims to International Banks is absurd. HELLO! AIG stands for American INTERNATIONAL Group. They are an international insurance company for banks....who did they think… Read More »
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CAN ONE MAN PLUNGE THE ENTIRE WORLD INTO BANKRUPTSY?
In the 1990’s the derivatives practice was challenged as being illegal. Allan Greenspan legalized it. Soon hedge funds became…
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We all know that 2008 will go down as a year to remember. We had Oil trading at $150 a barrel. Lehman Brothers and Bear Sterns now have corporate tombstones Read More »
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Hello fellow mini economist, I say that because I feel like we have had to learn some real hard lessons on Economy 101, many of us know daily what the scoop is but like some of my friends they either leave it up to their spouse, brother, uncle and financial adviser to keep them informed. One... Read More »
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Hello fellow mini economist, I say that because I feel like we have had to learn some real hard lessons on Economy 101, many of us know daily what the scoop is but like some of my friends they either leave it up to their spouse, brother, uncle and financial adviser to keep them informed. One... Read More »
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In light of the recent bailout of the finance services firms, the mainstream media is making it sound like the taxpayers will be left "holding the bag". In my opinion, the government has structured this bailout in a favorable and profitable way. Below, I discuss the three major bailouts and the... Read More »
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