Even with Julian Assange in a massive legal fight, his work carries on. Now the group Anonymous has released a large batch of Bank of America emails, with this potentially explosive information: The documents indicate that Bank of America improperly foreclosed on several homes during the height of the financial crisis in 2008 that began […]
Elizabeth Warren has been one of the most sound voices during this financial crisis. Republicans and Democrats have both looked up to her analysis of the problems plaguing our economy and have touted her as one of the brightest minds when it comes to economics. Tim Geithner – not so much. So this story should […]
Bob Herbert has a great piece today tearing about one of the problems I have with the health care bill – the Cadillac tax. First off is Bob’s explanation of the system: The tax would kick in on plans exceeding $23,000 annually for family coverage and $8,500 for individuals, starting in 2013. In the first […]
Instead of letting Congress vote on one, the IRS went ahead and gave it to them: The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial […]
Check out the latest story Drudge is pushing: OH NOES – Obama has failed!!!! You even realize that when you start reading the article: Barack Obama made an impassioned plea to America’s allies to send more troops to Afghanistan, warning that failure to do so would leave Europe vulnerable to more terrorist atrocities. But though […]
For all those out there who I knew would be worried about the future of John McCain, fear no longer. We now have official confirmation that he is running for re-election in 2010: I want you to know that I do intend to seek re-election. The magnitude of the financial crisis that many American families […]
Bush’s legacy keeps on building: The nation’s unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs, capping one of the worst years in modern history for American workers. But those are just the unemployed. Let’s not forget those who are still working, but have […]
Eliot Spitzer is back, this time as Slate’s newest columnist: Last month, as the financial crisis and the government rescue plan dominated headlines, almost everyone overlooked a news item that could have enormous long-term impact: <a href=”http://www.avbuyer.com.cn/e/2008/30063.html”>GE Capital announced the acquisition of five mid-size airplanes—with an option to buy 20 more—produced by CACC, a new, […]
I really don’t know what to take away from this: The United States has asked four oil-rich Gulf states for close to 300 billion dollars to help it curb the global financial meltdown, Kuwait’s daily Al-Seyassah reported Thursday. Quoting “highly informed” sources, the daily said Washington has asked Saudi Arabia for 120 billion dollars, the […]
The economic hits keep on coming: Retail sales plunged by the largest amount on record in October as the financial crisis and the slumping economy caused consumers to sharply cut back on their spending. The Commerce Department said Friday that retail sales fell by 2.8 percent last month, surpassing the old mark of a 2.65 […]