Let AIG Pay Employee Bonuses

AIG in contractually obligated to pay some $165 billion in employee bonuses, and there is a hue and cry to prevented the insurance giant from doing so.

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SANTA CLARA, Calif. – Banks collecting billions of dollars in federal bailout money sought government permission to bring thousands of foreign workers to the U.S. for high-paying jobs, according to an Associated Press review of visa applications.

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WE'VE Been had bad . . . again!

By l.t. Dravis

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WE'RE Screwed!

By l.t. Dravis

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Even as the Treasury began approving capital injections for about 20 regional banks on Friday, including $7.7 billion for a merger between PNC Financial and National City, carmakers pressed for their financing subsidiaries to be eligible for a part of the bailout fund because t …

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Obama said that banks participating in the federal bailout should temporarily postpone foreclosures for families making good-faith efforts to pay their mortgage.

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"Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the company's meltdown."

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. . .Low interest rates, easy money and malleable accounting rules are what plunged Wall Street into crisis. Yet it is low interest rates, easy money and malleable accounting rules that top the list of federal fixes.

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It was announced on Friday 3 October that California is preparing to ask the federal government to buy up to $7 billion in notes in the face of a frozen municipal debt market; but, the landmark U.S.

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. . .The most recent owner, Phyllis High Jones, refinanced the house through Countrywide Home Loans in 2006, taking out a $208,000 mortgage that would gradually inflate to $226,000. That same year, Fannie Mae bought the loan from Countrywide.

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In their congressional testimony this week, Hank Paulson and Ben Bernanke have sent mixed signals on this crucial issue. They say they want to create a liquid market for bad loans -- which means they want to encourage private buying.

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You say you want straight talk -- no spin, no bull, no sugar-coating. Okay, here goes.

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David's Daily, Day Journal Of A Freelance Reporter, 09/14/08, "It's The Federal Bailout Carnival Shell Game!"

David's Daily, Day Journal Of A Freelance Reporter, 09/14/08, "It;s The Federal Bailout Carnival Shell Game!" Step Right Up Folks ! Come One Come All ! It's The FEDERAL RESERVE CARNIVAL BAILOUT Shell Game !

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An Ordinary Man's Guide to the Banking Crisis - Part 1 of 2 - Easy Credit and Loans for Everybody

Author's Note - Because of the complexity of this subject, it is presented in two parts. Understanding the mortgage mess is no easy thing. But there are a few simple truths about how we got here, where we're going, and how we can get past it.

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Lawmakers are engaged in a $700 billion game of chicken this week over the Bush administration's push to pass an economic bailout proposal for Wall Street.

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Fannie Mae and Freddie Mac Takeover Gives McCain A Political Opening

The big political news occurring this past weekend had little to do with either campaign as they come out of their respective conventions in an essentially dead heat. For while the media and blogosphere remained obsessed with discovering whether GOP vice presidential hopeful Gov.

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I am sorry, but the government NEEDS to step back, let the chips fall and let the market correct itself. As I have said before; this will be painful, and there will be trauma, but keep the government out of the markets!!!

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President Bush signed a major disaster declaration so that people affected by the wildfires, who aren't covered by insurance, will get federal dollars.

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