AIG Bailout – Bonus Debacle
March 18, 2009 by Bridget Ayers
Filed under Anything Goes
Edward Liddy, the CEO of AIG went to Capital Hill today to face the anger of the American Public, he was there to answer questions and educate us on what AIG is doing with our money and why. Like most of you I was deeply disturbed by AIG’s use of their Federal Reserve and TARP [...]
From Mortgage Meltdown to Financial Tsunami
September 17, 2008 by Bridget Ayers
Filed under Business
On Tuesday the Fed’s took what some called a “tough love” stance and chose to hold the Fed Funds Rate at 2 percent for the third straight meeting. This move leaves the prime lending rate at 5 percent. The prime rate is attached to credit cards, equity lines, student and car loans. The Fed did [...]
Roller Coaster Continues for the Financial Sector
September 15, 2008 by Bridget Ayers
Filed under Business
Financial sector is in trouble again today, the Dow Jones Industrial Average down more than 460 points. The Standard & Poor’s 500 index has fallen 54 points, and the Nasdaq composite index fell 74 points. The big news makers are Lehman Brothers, Merrill Lynch, Bank of America, AIG, and the Fed buy up of $70 [...]
