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bailout

Gordon Gecko Would Be Proud of AIG

Anyone who's watching, read or listened to the news in the past 24 or so hours has probably already gotten an earful about what American International Group (AIG) has been up to.

In case you've managed to miss it, they've been paying out millions of dollars in bonuses to their "top employees". Those same employees who've put the company in the record books as the biggest financial loser ever and have left the U.S. Government holding most of the ownership of the company. Oh, and the money for those bonuses? That's coming out of the tax dollars that went into the bailout of AIG.Read more

Bailout too fast and you end up adrift

It's been an "interesting" few days in the financial markets.

Yesterday, the DOW dropped about 777 points. So far today, it's bounced back about half that.

Yesterday, the media went from being all "Rah! Rah! Huzzah! for not rushing the bill through without looking at it!" to "OMG! How could they not approve that! We're all gonna die!"Read more

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