Posts Tagged ‘taxpayers’

Taxpayers, Where Is Your Money Going? [Video]

Monday, April 20, 2009 21:05 19 Comments
This was posted under category: Economy, Video Tags: , , , , , , , ,

GM: Needs $30 Billion from US Citizens; Plans to Fire 47,000 of Those Citizens

Tuesday, February 17, 2009 17:46 No Comments

GM’s proposal to restructure the company includes $30 billion from the US taxpayer while firing another 47,000 of those same taxpayers.
General Motors submitted the plan to the Treasury  today to explain how the Detroit automaker will become viable and repay its loans. It says GM will try to borrow up to $16.6 billion more from [...]

This was posted under category: Bailout, GM, Jobs Tags: , , , , , , , ,

Cuomo: Merrill Improperly Gave Out Bonuses

Wednesday, February 11, 2009 8:28 3 Comments

In a letter to Braney Frank, New York Attorney General Andrew Cuomo has accused Merrill Lynch executives of corporate irresponsibility by secretly and prematurely awarding $3.6 billion in bonuses as taxpayers were bailing out the industry.

Cuomo says that instead of disclosing its bonus plan in a transparent manner designed to assure the payments were warranted, [...]

This was posted under category: Bailout, MER, Politics Tags: , , , , , , , ,

Bank of America cutting 35,000 Jobs; Should They be Allowed to?

Thursday, December 11, 2008 16:08 1 Comment

Bank of America has announced its plans to cut 30,000 to 35,000 jobs over the next 3 years. The reductions reflect it’s upcoming acquisition of Merrill Lynch  and the “weak” economy.
Should Bank of America be allowed to layoff 35,000 workers?
I know the question would anger some free market economists but let’s remember that [...]

This was posted under category: Stock Market Tags: , , , , , , , , , , , , , , , , ,

Saudi Prince Profits From US Taxpayer Bailout of Citigroup

Monday, November 24, 2008 16:46 No Comments

On November 20th, 2008 it was announced that Saudi Prince Alwaleed bin Talal bought up shares of Citigroup (NYSE: C) increasing his holdings to 5% of the total outstanding shares. The move seemed quite daring at the time as Citigroup’s shares were in freefall dropping 25% in the previous trading day alone (down over 90% [...]

This was posted under category: C, Citigroup, George Bush, Stock Market, Symbol Tags: , , , , , , , , , , , , , , , , , , , , , , ,
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