Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on Twitter • Be a Facebook Fan • Tumble us!

16 Mar 2009 21:02

tags

Biz: The Dow’s winning streak ends at four days

  • -7 decline in the Dow on Monday; that’s really not so bad source
Posted by Ernie Smith • 0 Comments • Permalink

15 Mar 2009 21:34

tags

Biz, U.S.: Where did the AIG money go? Now we know!

  • $44 billion went to debts the company sustained in its “securities lending” program, when the economy went plop. source
  • $22 billion went to satisfy credit-default swap debts its London subsidiary, AIG Financial Products, caused source
  • $12 billion went to pay debts to municipalities in dozens of states who signed complex investment agreements with AIG source
Posted by Ernie Smith • 0 Comments • Permalink

15 Mar 2009 11:05

tags

Biz, U.S.: Rep. Barney Frank wants to try to take back the AIG bonuses

  • Good for him! He’s a cool guy. Frank, a Democrat, said he’ll look into taking the roughly $1 billion in bonuses, which the company says it’s legally obligated to give out, away from the company. “We need to find out whether these bonuses are legally recoverable,” Frank said. AIG Financial Products is receiving half of the bonuses – they’re the part of the company that made the credit default swaps that screwed up the economy. source
Posted by Ernie Smith • 0 Comments • Permalink

14 Mar 2009 19:53

tags

Biz: Bernie Madoff is worth a lot of money, but not enough

  • $823 million Madoff’s approximate net worth, according to court papers source
Posted by Ernie Smith • 0 Comments • Permalink

14 Mar 2009 18:20

tags

Biz, U.S.: Dear AIG: Why are you still giving out bonuses?

  • AIG got a ton of money from the government to keep the economy going, because they’re too freaking big and broke everything. source
  • They’re restructuring some of their biggest bonuses to executives, but still giving out hundreds of millions to employees. WTF? source
Posted by Ernie Smith • 2 Comments • Permalink

14 Mar 2009 17:55

tags

Biz, U.S.: If you’re on unemployment, don’t use the debit cards

  • 30 states offer debit cards as a direct-deposit option to those who are on unemployment; most have contracts with banks. source
Posted by Ernie Smith • 0 Comments • Permalink

13 Mar 2009 13:53

tags

Biz, U.S.: Weekend at Bernie’s: How bad is Madoff’s cell, anyway?

Let’s put it this way. The culture shock is really, really high. And few will give him any remorse. source
Posted by Ernie Smith • 0 Comments • Permalink
 

13 Mar 2009 13:17

tags

Biz, World: Hey, Mexican drug lords are billionaires, too, OK?

  • 701 Joaquin Guzman’s place on the Forbes billionaires list source
Posted by Ernie Smith • 0 Comments • Permalink

12 Mar 2009 21:33

tags

Biz: Investors, finally optimistic for once. Stocks are up!

  • +9.5% in the last three days. Whoo, time to party! source
Posted by Ernie Smith • 0 Comments • Permalink

12 Mar 2009 21:12

tags

Biz, U.S.: When is Bernie Madoff going to jail?

  • NOW. bond revoked, biznitch. See ya! :) source
Posted by Ernie Smith • 0 Comments • Permalink
 
<< newer 
top tags
older >>