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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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We
are in deep doo-doo. I have never before used that childish word;
had to look up Webster's to get the correct spelling, and yes,
I am sorry to say—there is one. [I started this blog last night.
Clearly, Read More »
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The president and his
treasury secretary did more today than decry the bonuses Wall
Street execs lavished on themselves after getting billions from the
government to bail out the failures that led to the financial
markets' meltdown. The Read More »
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The numbers being thrown around on Capitol Hill for an unprecedented financial bailout on Wall Street are so big it's impossible to fully understand what it will mean for us, the folks who will be paying for it. (Actually, our kids and their kids will be paying for it.) After spending $85 billion in taxpayer money to stave off bankruptcy for the American Insurance Group (AIG), the Bush administration wants Congress to immediately act on another $700 billion influx of taxpayer funds to ward off more financial firm implosions. Read More »
AFP via Yahoo! News/Treasury Secretary Henry Paulson
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