Tag: bailout

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This may have been purely innocent ... but the timing is seriously wrong, and it just looks really bad.

http://www.financialpost.com/most_popular/story.html?id=866284

AIG spent US$440,000 on spa, resort after bailout, lawmakers say Lorraine Woellert and Erik Holm,  Bloomberg  Published: Tuesday, October 07, 2008

Jay Mallin/Bloomberg News American International Group Inc. spent US$440,000 on a conference at a California resort less than a week after an US$8... Read More

Below is a 12 1/2 minute clip of a speech yesterday by Ralph Nader, to an audience in Waterbury, Connecticut, about the passage of the $700-Billion Dollar corporate bailout.

Last week, at the Commonwealth Club in San Francisco, Ralph Nader sat down for a conversation with Tabitha Soren.  Soren is a former political reporter for MTV and NBC. Soren interviewed Ralph and then took questions from the audience. It was a dynamic back and forth -- and great TV. It lasted for about... Read More

We "privatize" profit, but we "socialize" loss.

http://www.thenation.com/doc/20081006/greider   Paulson bailout Plan A Historic Swindle

By William Greider
The Nation
September 19, 2008

Financial-market wise guys, who had been seized with
fear, are suddenly drunk with hope. They are rallying
explosively because they think they have successfully
stampeded Washington into accepting the Wall Street
Journal solution to the crisis: dump it all on the
taxp... Read More