Tag Archives: Bailout

Ben Bernanke Reappointed

By Joe Weber | Published: August 25, 2009
1. Ben Bernanke be Back - Well, if you don’t switch horses in the middle of a stream… you sure as hell don’t switch horses in the middle of the Mississippi at flood stage… surrounded by crocodiles?  (From the Wall Street Journal).  On a side note, good to see that ties are banned at Martha’s [...]
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Preventative Detention

By Joe Weber | Published: May 22, 2009
1. Obama and “Gulag” – Two Words you never thought you’d hear associated with each other. (From Salon.com) 2. U.S. Credit Rating about to get dropped? - Try buying a car NOW Uncle Sam!  (From Bloomberg) 3. Could, would, and will, the state of California ask for a bailout? – For crying out loud, if California was its [...]
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Sayonara Mr. Wagoner

By Joe Weber | Published: March 30, 2009
1. GM’s CEO steps down, because, well the President asked him to - You know you work for a HUGE company when the only guy who can really get your resignation out of you is the President of the United States.  So now what?  Some are calling GM’s Rick Wagoner a scape goat, some say [...]
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We are NOT being too harsh on AIG

By Joe Weber | Published: March 22, 2009
If it’s too good to be true, it probably is. So, I stand just a bit, corrected.  Remember when I wrote this?  Right. I don’t think we’re being too harsh on AIG anymore.  Here’s why: You need to READ THIS ARTICLE.  Got this one sent to me by my great friend Ben, and despite the unnecessarily colorful language [...]
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Should we get off AIG’s Back?

By Joe Weber | Published: March 20, 2009
Aren’t we being a bit Harsh on AIG? AIG is an insurance company. And how did they collapse? They were insuring risky investments by selling credit default swaps.  Here’s how this all went down.  But first, a few definitions of some terms in the way that I understand them: Credit Default Swap: Basically Insurance on [...]
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The American public is turning into a mob

By Joe Weber | Published: March 19, 2009
1. AIG CEO unfairly gets killed by lawmakers - There was so much grandstanding yesterday it was baffling.  The AIG CEO who appeared before a congressional panel came on last fall at the REQUEST of the government to try and fix things at that company.  He gets paid a dollar a year, wasn’t on board [...]
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More Anger at AIG

By Joe Weber | Published: March 18, 2009
1. Feds want that AIG Bonus Money Back - So we’ve given them how many billions, and now we want some millions back?  Ummm… okay, here’s that tax payer money you already gave us, back?  What the hell?  (From Bloomberg) 2. Pope says condoms INCREASE the AIDS problem in Africa - Whaaaaa?  (From the London Times) 3. The [...]
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By Joe Weber | Published: March 17, 2009
1. Obama: Give me the names of those getting Bonuses!  AIG: Take a Hike Prez! - AIG refuses to hand over names of those getting the bonuses while tax payer money keeps rolling in.  (From the London Times) 2. Laura Ingraham Slams Meghan McCain about her… weight? - Wait, what?  She’s not heavy.  Sen. McCain’s daughter [...]
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American Automakers want $14 Billion More

By Joe Weber | Published: February 18, 2009
1. GM and Chrysler want/need $14 Billion More – Price tag for saving the US Automakers now jumps to $39 Billion.  GM Also promises to cut brands like Saturn and Pontiac.  Which is too bad because the Pontiac Solstice could easily be the best looking American Made car on the market.  (From the NY Times) 2. [...]
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