Wednesday, January 21st, 2009
One thing you have to say about General Motors is that no company appears able to burn cash faster than them. Government money has already arrived, but according to the company, it just won't be enough. The company has already received a $4 billion dollar payment, but a ...
Posted in Business | No Comments »
Wednesday, January 7th, 2009
Neil Barofsky is the Special Investigator General who has been appointed to oversee how the Troubled Assets Relief Program (TARP) is making funds available to banks. So far, Barofsky doesn't like what he's seen, and he's already pushing for restrictions on just how future payments will be made to ...
Posted in Business | No Comments »
Tuesday, January 6th, 2009
Despite the fact that TARP funds have been paid out to over 200 financial institutions, beleaguered consumers are having a harder time than ever getting credit. Right now the US Government owns over $172.5 billion in the preferred shares of 218 financial institutions.
Posted in Business Fraud | 1 Comment »
Tuesday, December 23rd, 2008
American Express, a company known for lecturing it's customers on financial responsibility, has taken a huge $3.39 billion from the government. The company, largely known for its' credit card operations, received the huge capital injection as part of the US government's bailout of the financial sector, also known as ...
Posted in Stock Highlight | No Comments »
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