I thought it humorous at first and then downright sad as I witnessed the foolishness and uselessness of our elected officials in dealing with the economic crises they have inflicted on our country. The latest is the AIG debacle, as they purport to attempt retrieval of $165 million in bonuses they knew about months ago that are protected under wording of the amendment they passed for the bailout. ...more

March 21, 2009

These days, March Madness has taken on a meaning not connected to the NCAA mens basketball tournament. This madness is an outbreak of phony baloney outrage resulting from the economic meltdown. ...more

March 21, 2009

Senate Republicans are drawing out a flap that has made the Obama administration squirm, applying the brakes to Democrats' attempts to quickly tax away most of the bonuses at troubled insurance giant AIG and other bailed-out companies. ...more

March 21, 2009

Treasury Secretary Timothy Geithner could announce as soon as Monday his much-anticipated plan to get toxic assets off the books of the country's struggling banks, administration and industry officials said. ...more

March 21, 2009

Our Congress had a field day this week grilling the CEO of AIG, Edward Liddy, and making hay about bonuses that the company paid to some of its executives from bailout money. ...more

March 21, 2009

AIG, better known as American International Group, is an insurance company that lost $61.7 billion dollars in the fourth quarter of 2008 — a new record — then got $170 billion dollars of taxpayer money to save it from going bankrupt. ...more

March 20, 2009

Citigroup Inc. plans to spend about $10 million on new offices for Chief Executive Officer Vikram Pandit and his lieutenants, after the U.S. government injected $45 billion of cash into the bank. ...more

March 20, 2009

The Democratic-led House overwhelmingly approved a bill today to slap punishing taxes on big employee bonuses from AIG and other firms bailed out by taxpayers. The vote was 328-93. "We want our money back and we want our money back now for the taxpayers," said House Speaker Nancy Pelosi, D-Calif. ...more

March 19, 2009

WASHINGTON - Angry lawmakers prepared to levy heavy taxes on employee bonuses at insurance giant American International Group Inc. and at other companies that received big U.S. government bailouts. ...more

March 19, 2009

WASHINGTON - Thirteen of the companies receiving billions in federal bailout money owe a total of more than $220 million in delinquent federal taxes. ...more

March 19, 2009