Bailed-out companies to receive pay cut orders

Here is a formula for you. Take greed and bad business practices in equal parts and mix it with companies who were deemed “to big to fail”. Once stirred together, combine the resulting mix with $700 billion in bailout money. After baking for several months, what do we get? Let’s see now, we have seven [...]

House begins work on overhaul of financial regulation

Let’s see now, Congress hasn’t even finished work on health care reform and now the House of Representatives is taking up another issue that has been a priority of President Obama. In my opinion, one of the main reasons Obama won the election against John McCain was the complete and total meltdown of the financial [...]

Banks raising fees after receiving TARP funds

This may fall under the “the government can’t tell them what to charge for fees” category, but it bears mentioning. It is being reported that some banks are raising fees after having received money from the Troubled Asset Relief Program (TARP). It concerns me because I do not necessarily believe in government intervention into the [...]

Unemployed charged fees for jobless benefits

You know, sometimes it just seems like all semblance of fairness in this country has been shut up in a concrete vault and dropped in The Mariana Trench in the Pacific Ocean. With the economy shedding jobs at an alarming rate and more people becoming unemployed every day, it looks like the state governments would [...]

A $700 billion dollar bailout

I will be the first to agree if you come right out and tell me I don’t know much about the economy and the way it should work, but I am pretty sure the way things have been going lately, that’s not how it’s supposed to be. Between the credit crisis, the mortgage crisis, and [...]