General Motors is reporting record profits for 2011 and has announced it will reward employees with $7,000 bonuses. ’Scuse me? Bad enough the execs got huge bonuses for doing nothing more than accept a massive taxpayer-funded bailout. Now they’re giving bonuses to all the employees? Hey, pay back the damn taxpayers first! The employees should … Continue reading Hey, GM, no bonuses until the bailout is repaid
When it comes to high finance, I’m a dunce, so it figures I don’t understand the details of big banking, bailouts, and bonuses, but … Pres. Obama is saying now, finally, he’s going to get all that bailout money back by levying a fee on those bailed-out banks. He figures if they can afford to … Continue reading Closing the barn door after the money’s out
Once upon a time you dressed so fine You threw the bums a dime in your prime, didn’t you? — from “Like a Rolling Stone,” Bob Dylan Hey there, Citigroup. How’s it goin’, BoA? What’s that you say? The treasury that gave you all that bailout money last year has abruptly, unexpectedly changed the terms … Continue reading Zing!! How does it feel, BoA?
My thanks to Writer Chick for bringing this video to my attention: Continue reading It’s tea time in Washington
Well, well. So GM’s Chairman and CEO Rick Wagoner has been forced to resign as part of the Obama administration’s bailout plan. I’m not going to argue that he shouldn’t have been. Somebody needed to take the fall for GM’s downward spiral in recent years. And it’s certainly better for one man to lose a … Continue reading Wagoner’s ouster changes nothing
So, let’s see … if I understand it correctly, I’m eligible for mortgage assistance under Obama’s new housing bailout. I bought this house two years ago and its value has been dropping ever since. That puts me “under water” on my mortgage, since almost nothing I’ve paid in these first two years has gone toward … Continue reading Where’s my piece of the bailout pie?
