AIG faces the crucible
Jane Hamsher reports for firedoglake that 20,000 signatures from readers of the finance blog have been presented to the House Financial Services Committee in time for the AIG hearing. Like millions of Americans, they’re outraged over the liberties AIG has taken with taxpayer bailout money for executive [...]
Banks urged to lend
President Barack Obama today announced a plan to help get “the heart of the American economy” beating regularly again. Much of the effort is aimed at encouraging banks that received bailout money to give small business loans.
Why small businesses?
Obama stressed that small businesses were responsible for 70 [...]
No Czar for cash advance-gorged automakers
The United States government has already shelled out massive cash advance loans to players in the U.S. auto industry to keep them solvent. And after gorging themselves, GM and Chrysler are asking for seconds. Will President Obama continue to fatten up the insatiable on the [...]
Shower the people – with tax burdens
A cash advance can rescue you from one of life’s little financial emergencies. However, when it comes to the recent banking system bailout, “little” is not the operative word.
Lemon Socialism
Rescuing the United States banking system – for which both the George W. Bush and [...]
Senate panel approves Timothy Geithner
Your payday loan source keeps you updated on the nation’s financial news.
The United States is one step closer to having a new Banker in Chief. Timothy Geithner’s nomination today was approved by a Senate panel, and next the full senate will vote. Despite concerns about Geithner’s mistakes [...]