AIG Bailout – Bonus Debacle

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 [...]

When Banks Stop Lending Money

Today we have seen another “historic” event, a global rate cut. Countries around the world got together and with the guidance of the US Federal Reserve cut rates.
Joining the rate cut were central banks in Canada, England, Sweden, Switzerland and the European Central Bank. Central banks in China, Hong Kong, Kuwait and the United Arab [...]