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In July of 2009, following the bailout and the TARP passages, the U.S. government either owned or controlled 31 percent of the U.S. economy as a direct result of its dealings with banks, AIG and GM, etc. Now the new health care bill will increase this figure by 17 percent to 48 percent. Next on the agenda are Barney Frank's Financial Services Bill and the Cap and Tax bill, which will increase the percentage to 71 percent. ...more
December 28, 2009
Obviously, Dallas Dunlap has come out from under his rock to harass people and sour milk whenever he appears. ...more
November 27, 2009
The examples of comments from our elected officials show how little regard they have for our intelligence and concerns are astounding. ...more
October 31, 2009
The Obama administration on Thursday unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds. ...more
March 26, 2009
This is in response to "Republicans Criticizing Obama Have Chutzpah." Gabriel Read, the author, selectively chose some facts while blatantly disregarding others. For example, the first stimulus bill was crafted by Pelosi, Reid, Franks and Dodd; Democrats all. In their haste to pass this stupid piece of legislation, they gave complete digressions and power to the greatest ponzi scheme con artist of all, Hank Paulson. ...more
March 25, 2009
Pointing with dismay to the AIG debacle, the nation's top economic officials argued Tuesday for unprecedented powers to regulate and even take over financial goliaths whose collapse could imperil the entire economy. President Barack Obama agreed and said he hoped "it doesn't take too long to convince Congress." ...more
March 24, 2009
El jefe máximo de AIG pide a los beneficiarios de bonificaciones que devuelvan al menos parte del dinero recibido. ...more
March 18, 2009
Pressure is mounting on the government to revise its bailout of AIG to ensure that taxpayers are repaid as much as possible of the $170 billion lent to the troubled insurer. ...more
March 17, 2009
"It's hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay," President Obama said ...more
March 16, 2009
Rep. Barney Frank charged Monday that a decision by financially strapped insurance giant AIG to pay millions in executive bonuses amounts to "rewarding incompetence." ...more
March 16, 2009
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