banks: A.I.G. Reverses Bonus Hustle - You heard it here first!!! - 03/17/09 02:02 PM
3.19.2009 UPDATE
BONUES TO BE TAXED AT 90%
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AIG (American International Group) has relented after being beaten by public outcry we haven't seen in some time......and has agreed to Repay the Taxpayers 165 Million of the "Bonuses for Helping to Bring the U.S. Economy Down."
 
We'll be digging to get the facts straight but boy talk about a reversal.  A few thoughts.....
1.  Tim Geithner has been getting hammered, and rightfully so as wasn't he part of the AIG negotiation in the first place and where was his due dilligence?
2.  Everybody involved who received a part of … (11 comments)

banks: Money is going unused - 03/14/09 11:55 AM
MONEY IS GOING UNUSED.........TARP that is
Many are doing everything possible to insure their business weathers this economic tsumani we have been experiencing.  If not for our own business, certainly our customers rely on credit to make deals happen.  Some of you may recall then Secretary Paulson's leadership in executing the TARP program switched from dealing with toxic mortgages to shoring up banks so their capitalization would "look good."  
Even though that was not the spirit originally agreed which became THE LAW so we could  tap into our Treasury - TARP was born.  Of course that move has been debated and … (3 comments)

banks: Freddie Mac - I'm done - 03/12/09 04:07 AM
Most of us who operate our brokerages or other businesses have seen our credit disappear right before our eyes.  The impact has been startling as some are no longer with us and for others everyday is a challenge on stretching "A Buck."  I cannot imagine losing most of my equity, yet feeling very comfortable and assured my bank would continue to lend me the loss, plus some, while guaranteeing more.........IF NEEDED!!!!!
Most of you heard about the news of Freddie Mac losing 24 Billion last quarter.  It is what it is, but I'm done!
THE FREDDIE ARTICLE
I am a proponent … (3 comments)

 

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