Not a real shocker here, but it turns out that a lot of the TARP recipients are lining the pockets of our leaders through political donations: In recent filings with the Federal Election Commission, the political action committee for Bank of America (which got $15 billion in bailout money) sent out $24,500 in the first […]
It looks like all the talk Obama did about AIG yesterday was nothing but a smoke-screen: President Barack Obama said Monday that he would “pursue every single legal avenue to block” $165 million in bonuses to American International Group Inc. employees who were in part responsible for the insurance giant’s near collapse. But hours later, […]
So even though we have given AIG $165 billion of our own money, they can still make massive payouts in the form of bonuses: American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars. AIG is paying […]
I posted the email last night that John McCain sent out stating he would be running for re-election in 2010. The email, as with all of these, was mainly for the purpose of fundraising. But let’s take a look at one key paragraph and what McCain is using to stimulate his fundraising: The economic challenges […]
And we have a new definition of dumb ass – Oscar Goodman: Sin City’s mayor wants President Barack Obama to apologize for saying companies shouldn’t visit Las Vegas on the taxpayer’s dime. Oscar Goodman spoke after a regular scheduled meeting with tourism officials where he expressed concern that federal lawmakers might be discouraging travel to […]
I keep hearing the media say that Obama is “fear mongering” when talking about the stimulus plan. Here’s an example from today: The Note, 02/11/09: Fear Itself — A $3 trillion day, a bailout bust, as the president stokes fear to prod action So we are losing a record number of jobs, businesses are closing […]
So some of the bailout money could be going to hookers: Visa, Mastercard or American Express? Or maybe a credit card from JP Morgan Chase? Wall Street CEOs, lawyers, bankers and media executives chalked up thousands of dollars in prostitution charges on their corporate credit cards — swiping their cards for $2,000 an hour prostitutes, […]
When banks abuse their bailout funds, the Obama administration takes action: A Treasury Department official on Monday called Citigroup, which has received $45 billion in bailout capital from the government, to protest plans to accept delivery on a luxurious $50 million corporate jet made in France. [SNIP] The Treasury official called the bank to complain […]
The talk right now is that the White House will use TARP funds to bailout the auto industry. This was what Democrats originally wanted to do, but the White House opposed. Hopefully when/if the White House does it, they will show some balls and call out the Republicans for blocking the bailout last night. I […]
That’s the message sent out by Senate Republicans last night as the auto bailout failed: Their efforts in Congress squashed, U.S. automakers are depending upon a reluctant White House to quickly provide a multibillion lifeline to help them avoid imminent collapse. General Motors Corp. and Chrysler LLC, which have said they could run out of […]