Monday, March 16, 2009

Stimulus needs best safeguards -

Openness and transparency are necessary characteristics for the Stimulus Package but it may not be cheap—so warns Massachusetts Governor and its  Attorney General.

Stimulus needs best safeguards -

Both federal and state authorities move on AIG’s current administration regarding bonuses and CDS’s

President Obama vowed to try to stop the faltering insurance giant American International Group from paying out hundreds of millions of dollars in bonuses to executives, as the administration scrambled to avert a populist backlash against banks and Wall Street that could complicate Mr. Obama’s economic recovery agenda.  See more of the story, by clicking the following:

Obama Orders Treasury Chief to Try to Block A.I.G. Bonuses -

New York State Attorney is also after the AIG bonus people.  Click on the following

Cuomo Seeks A.I.G. Bonus Information - DealBook Blog -

On the matter of CDS’s,  the list of top recipients of AIG payoff’s from rescue funds is finally out.

 Click on the citation below and take a look:

A.I.G. Lists the Banks to Which It Paid Rescue Funds -

Newspapers' troubles escalate in recession |

If you are reading this—you and I are part of the problem.  Click on the citation below to view the story:

Newspapers' troubles escalate in recession |