Clik here to view.
Treasury Dept. Selling Its 7.7 Billion Shares Of Citigroup For Big Profit
The Treasury Dept. announced today that it plans to sell off all of the 7.7 billion shares of Citigroup it acquired as part of the bailout of the bank. This could mean a profit of upwards of $8 billion...
View ArticleClik here to view.
AIG Chief Believes They'll Pay Back Bailout Billions Before Deadline
$182.3 billion is a hefty tab to pay off, but the CEO of AIG says he feels “pretty comfortable” that his company will be able to get that all back to the government between now and the Sept. 2013...
View ArticleClik here to view.
Senate Agrees To Ban Taxpayer-Funded Bailouts
An amendment to the financial overhaul bill banning the use of taxpayer funds for bank bailouts has been agreed upon in the Senate, says the LA Times. “If there’s one thing we should all be able to...
View ArticleClik here to view.
Congress To GM: Please Stop Destroying Documents While We Still Own You
Though General Motors has made a big deal about allegedly paying back their bailout loan to the federal government, the fact is that most of the bailout money was turned into equity, which means the...
View ArticleClik here to view.
Men Behind AIG Collapse Prove Why They're The Biggest A-Holes On The Planet
Back in 2007, we were all living in our 8-bedroom homes paid for with adjustable rate mortgages. And AIG’s Financial Products unit was selling credit-default swaps like there was no tomorrow. Then we...
View ArticleClik here to view.
Wait — So GM Didn't Pay Back All The Bailout Money?
Last spring, now-former General Motors CEO Ed Whitacre ruffled a lot of feathers in Washington by airing a TV commercial where he claimed that the bailed-out car company had repaid “government loan in...
View ArticleClik here to view.
GM CEO Won't Guarantee Stock Sales Will Repay Bailout Cash
Something a little more important than the newest Chevy went on sale at GM today — new shares of the company hit the market at $35 this morning and appeared by lunchtime to be doing a healthy business....
View ArticleClik here to view.
GM Wants To Be Able To Pay Executives More Money
General Motors Co. Chief Executive Daniel Akerson says he’d like a little more leeway on executive compensation from the Obama administration because the company is having trouble attracting quality...
View ArticleClik here to view.
Fresh Off Paying Back Bailout Money, AIG Thinks About Suing U.S. Government
At the same time as AIG thanks America, quite literally, in new ads boasting about the company’s repayment of its $182 billion bailout by the taxpayers, its board is reportedly getting ready to decide...
View ArticleClik here to view.
Former AIG CEO Wins Lawsuit Claiming Bailout Was Illegal, But Gets No Payout
Nearly four years ago, as America was still crawling out of the crater left by the collapse of the economy, a former CEO of AIG — a company whose name had become synonymous with the crash — sued the...
View Article
