Blogs Posts on "Tarp"

Troubled GMAC: Out goes Molina in comes Carpenter by George S May Blog on Nov 17, 2009GMAC Financial Services, the struggling company that provides loans to GM customers and dealers, has named a current board member, Michael Carpenter, their new CEO. Carpenter stepped in for Alvaro de Molina, who was ousted after less than a year an...

Election Impact by Donklephant on Nov 12, 2009The Obama administration is reacting to recent events: Item 1: The public feud with Fox News ended with the premature departure of Communications Director Anita Dunn and the follow-up announcement that President Obama will grant an interview with Fox...

A Letter to Congress & the POTUS by The Bull Speaks! on Nov 9, 2009To the Congress & Mr. Obama: Let’s take a moment to review your record BEFORE you come to “We the People” for yet another round of corn-holing, ok? The U.S. Postal Service was established in 1775 – you have had 234 years to get it ri...

United Commercial Bank 120th Bank Failure This Year; Taxpayers Lose $299 Million by EconomicsJunkie.com on Nov 8, 2009The LA Times reports United Commercial Bank is shut down, sold to East West Bancorp: Toppled by loan losses and misstated financial reports, San Francisco’s United Commercial Bank was shut down by regulators Friday night and immediately sold to...

History Repeating: In Goldman Sachs We Cannot Trust... by VioletPlanet on Nov 4, 2009GOLDMAN SACHS BUSINESS PRINCIPLES ( # 5 of 10)"We stress creativity and imagination in everything we do. While recognizing that the old way may still be the best way, we constantly strive to find a better solution to a client's problems. We pride our...

Blankfein Takes the Reins of Goldman Spin Machine by Wall Street Oasis on Nov 2, 2009I love how he acts surprised that the American taxpayer might have a little something to say after the biggest government handout in the nation's history. Embedded video from CNNMoney Video...

RUNNING THE USA LIKE A SOLE PROPRIETORSHIP by SayNo2NannyState on Oct 25, 2009One man rule on pay. In my experience, the only time there is a single decider on pay is in a sole proprietorship--the BOSS decides the PAY. In partnerships, generally the partners consult. In corporations, a Compensation Committee recommends to t...

Pay Czar announces huge cuts for auto execs’ pay by George S May Blog on Oct 22, 2009We’ve heard rumors of this in recent weeks; well, now it’s official. From Autoblog: When General Motors and Chrysler took money from the U.S. government to prevent being consigned to history, the two storied domestic automakers had no cho...

MoveOn Stay off FOX: Serve the People with News? Heck No! by Maggie's Notebook on Oct 21, 2009A commenter at Always on Watch left a link to George Soros' MoveOn.org's "civil action" alert: "Stay off FOX." MoveOn - Stay off FOX It goes something like this:  "President Obama is fighting back against FOX....FOX is a wing of the R...

White House Slashes Pay for TARP Recipients by Wall Street Oasis on Oct 21, 2009The 7 companies who received the largest amount of TARP assistance have been ordered to cut the salaries of their top 25 employees by an average of 90% from last year. Their all-in pay will be reduced by an average of 50% from last year. The cuts aff...