Bloomberg News and the New York Times have documented nearly $13 trillion dollars given or promised by the Federal Reserve and the government since the Lehman Brothers bankruptcy in September 2008. While this $13 trillion includes TARP money and some recovery money, there is much more in a variety of Federal Reserve programs where we don't know which banks and corporations have gotten money and how much. Because ...more »
We were all sold snake oil recently with the so-called government financial bail-out. The main reason stated for this bail out was that some companies are just "too large to let fail". WELL, if that is true, then these companies MUST be broken up into smaller pieces.
Companies need to be limited in size and scope so that if they fail they will not "bring down the whole system".
Listen everyone, don't just sit back and let them keep stealing our freedom. STAND UP. STAND OUT. MAKE A SCENE. BE HEARD! The censorship on this site may be the first real wake-up for some. This administration seems want to eliminate and discredit any and all opposition and is getting away with every bit of it. Wake up!! Do NOT accept it. They work for US. Remember, first they ignore you, then they laugh at you, then ...more »
I have an idea for how it should be run. Dispite the Obama Admin's commitment to being a 'silent' partner, perhaps there is no time like now to make big changes. NUMBER ONE: Why do we have new models every year anyway? Does Apple Computer come out with a new MacBook every year? NO! Technology has advanced to the point that cars are lasting longer than ever. It seems more fiscally responsible now-a-days to focus all ...more »
Can we PLEASE have a simple and clear-cut payout spreadsheet that discloses how much for each sector AS WELL AS WHO was given what (amount) and when? There are way to many outlets reporting different amounts and not enough is spelled out so the average American can judge for themselves or keep track of what is given out. Please, please, please create something that is fairly easy and understandable pertaining to the ...more »
News item: "The Obama administration plans to appoint a "Special Master for Compensation" to ensure that companies receiving federal bailout funds are abiding by executive-pay guidelines, according to people familiar with the matter."
I hope they start with Fannie Mae, Freddie Mac and the Congressional staff members. They have no business messing around in the provate economy.
Send every American a one time check of $10,000 The average credit card holder is $8,000 in debt, people who had debt could pay it off and those who HAVE managed to stay out of debt would be rewarded. the extra cash would jump-start the market AND help save auto makers AND the banks(have to put your $10k somewhere) it would only cost around $200,000,000,000 (2 hundred billion) we bailed out the banks for 750 billion... ...more »