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Cuomo Blasts Big AIG Payouts – WSJ.com New York Attorney General Andrew Cuomo said Tuesday that American International Group Inc. granted retention bonuses of $1 million or more to 73 people in its AIG Financial Products subsidiary, including 11 persons who no longer work at the company. In a letter to House Financial Services Committee [...] ‘Bad Bank’ Funding Plan Starts to Get Fleshed Out – WSJ.com WASHINGTON — The Obama administration, filling in some of the blanks in its bank bailout, is considering creating multiple investment funds to purchase the bad loans and other distressed assets that lie at the heart of the financial crisis, according to people familiar with [...] Somebody, please call a bottom … 6000? Okay … just so long as it isn’t 5000. One thing is for sure. It can’t go below 0. Dow Falls Below 6800 – WSJ.com The stock slide that pushed indexes to new 12-year lows picked up speed in the afternoon on fears that economic recovery may still [...] Financials Weigh on U.S. Futures – WSJ.com U.S. stock futures dropped on Monday after American International Group and HSBC Holdings took steps to raise more capital and Warren Buffett said that the economy would be in “shambles” this year. About an hour before the start of trading in New York, futures on the Dow Jones [...] President Obama’s stimulus package passed both houses of Congress. Lots of provisions to stimulate the economy. Here’s how it directly affects me, right now. Stimulus measures that may help your wallet – Feb. 13, 2009 Making Work Pay Credit: The bill provides a $400 credit per worker and a $800 credit per dual-earner couple. [...] Geithner Sets Out Sweeping Overhaul to Bank Bailout – NYTimes.com WASHINGTON — The White House plan to rescue the nation’s financial system, announced on Tuesday by Timothy F. Geithner, the Treasury secretary, is far bigger than anyone predicted and envisions a far greater government role in markets and banks than at any time since the [...] The return of economic nationalism | The Economist MANAGING a crisis as complex as this one has so far called for nuance and pragmatism rather than stridency and principle. Should governments prop up credit markets by offering guarantees or creating bad banks? Probably both. What package of fiscal stimulus would be most effective? It varies [...] My father and I disagree on a lot of things, especially politically … but recently, I’ve come to discover that we agree on a few things as well. When people ask me what my political beliefs are, I generally say that I’m on the far left of the FM dial … KZSC 88.1 FM, all [...] CNN Political Ticker: Porn industry seeks federal bailout WASHINGTON CNN — Another major American industry is asking for assistance as the global financial crisis continues: Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis said Wednesday they will request that Congress allocate $5 billion for a bailout of the adult entertainment industry. “The [...] |
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