AIG Uses Our Money to Sue Us
AIG is at it again. After receiving billions in taxpayer dollars, they are now suing the U.S. government for 300 million dollars. They claim that they are owed this money because they were improperly denied tax bre... Read Full Article
Submitted by haus on Mon, 03/23/2009 - 00:55Taxpayers to Pay Big Time Bonuses to AIG Employees
AIG, American National Group, is the company that nearly took down the entire financial system in late 2008. They have received billions in bailout funds and now they are asking for more. The American taxpayers ... Read Full Article
Submitted by haus on Tue, 03/17/2009 - 00:39Drug Lord added to Forbes' Billionaire List
Forbes magazine has ranked Mexican drug lord Joaquin Guzman Loera on their yearly report, with an estimated fortune of $1 billion. It's reported that Guzman Loera has a three-decade history of drug trade and the... Read Full Article
Submitted by Dreezy on Fri, 03/13/2009 - 12:02Weekend at Bernie's 3: Bernie Madoff Goes to Hell
Bernie Madoff, the man behind the largest Ponzi scheme ever created, will plead to 11 felony charges that will more than likely put him in jail for the rest of his life. Madoff stole more than $50 Billion from the li... Read Full Article
Submitted by haus on Wed, 03/11/2009 - 00:08Merrill Lynch’s ‘performance-based’ bonuses
Merrill Lynch’s top executives were paid-out over $200 million in bonuses in 2008. Clearly these were traditional performance-based bonuses, as the Company reported losses in excess of $27 billion the same year t... Read Full Article
Submitted by CSJ on Wed, 03/04/2009 - 23:52Merrill Lynch CEO John Thain and his $1,400 Waste Can
It was early 2008. Merrill Lynch profits were down and it was time to cut expenses and layoff thousands of employees. John Thain, a.k.a. John the "Taint", CEO of Merrill Lynch, did his part to pitch in. He decided to... Read Full Article
Submitted by haus on Sat, 02/28/2009 - 11:17
