US Government Plans To Sharply Cut Pay, Perks For Bailout Firms

Washington, D.C. (AHN) - The Obama administration has decided to sharply limit the salaries of top executives of companies that have received federal bailout funds, according to media reports relying on an official close to the plan. The ... continue

Freddie Mac gave new CFO a $1.95 Million signing bonus

Considering the fact that the US, and the rest of the world, is still trying to recover from a recession one has to wonder why a company still under government governorship hands over $1.95 ... continue

Matt Taibbi on the Great American Bubble Machine

In what can almost be described as an "Economic Meltdown For Dummies," Matt Taibbi's article "The Great American Bubble Machine" in the latest issue of Rolling Stone is a great primer on the machinations behind the current ... continue

GM: Making something better means knowing about the problem

In light of the massive bailout for the automobile industry and the constantly shifting executives a rather interesting story has surfaced as to one of the reasons that GM is having such a hard ... continue

GM boss told to step down by White House

On the eve of President Obama’s unveiling of his plan to help save the floundering U.S. automobile industry the head of GM, Rick Wagoner, has been asked to step down from his position by the ... continue

Ford and Unions negotiate a pay cut…to $55/ hour

The criticism from the right blaming autoworkers for the demise of the American auto industry hasn't always been fair. It isn't the fault of workers that the big three have produced products people don't want; management fairly ... continue

Nothing better than a good old fashion smackdown

Part of the fun of being a blogger who reads a lot of different blogs each and every day is that you get to watch events unfold that develop into a really good smackdown. Such ... continue

Your bailout money at work: Citigroup sues All Citi Pawn

Citigroup, the American banking giant that survives today exclusively off the back of a $36.5 billion cash injection courtesy of the American taxpayer, is using some of those funds on high priced lawyers to sue a small ... continue

Obscene: Chrysler Spending Bailout Money on Ads Thanking America for Bailout Money

While polls showed the majority of American's did not support a bailout of the auto industry, The Bush Administration acted anyway, throwing away loaning the industry some $17 billion. So what's the first thing Chrysler does with ... continue

RetailMeNot offers bailout discount code

Melbourne based discount shopping site RetailMeNot has an offer you can't refuse: a discount code for the US Bailout here. 25% off when you spend $700 billion or more :-) Guy King can laugh, but Australian's haven't woken ... continue