Posts tagged as:

Bail Out

Greed is Good

by eran 06.09.2009 Business

Greed motivates people in amazing ways. Today the United States Treasury Department approved 10 banks to repay over $68 billion in bailout money. Its amazing how 10 of the nation’s largest banks who just months ago were begging for billions of dollars of money in bailouts have suddenly found a method to pay off their Troubled Asset Relief Program (TARP) accounts.

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Unsavory Government: Meddling in the Free Market

by eran 03.29.2009 My Rants

I think it is bad for America and bad for business when the government gets involved by forcing its will. The bounds have been broken and where does it now end? In the last 6 months I have seen some seriously disturbing moves by our government. Bailing out worthless companies, removal of business leaders and extreme taxation used as a weapon. These new unprecedented moves gives Government more power than ever.

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Orrin Hatch Answers My Email

by eran 03.18.2009 My Rants

I sent an email to Orrin Hatch. You can read it here. Today I got his response… 

Thank you for contacting me to express your concerns about the current crisis in our financial markets and the state of the economy. I appreciate hearing from you.  
As you well know, our financial markets have become increasingly volatile over the [...]

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Senator Chris Dodd Gets Outed in AIG Bonus Fiasco

by eran 03.17.2009 My Rants

The American public should be sending Chris Dodd a thank you note for selling our future down the river for a reelection donation. It appears though that he was not alone in the bail out band wagon. The financial sector seemed to know that it 2009 it would need help from friendly politicians and so they donated generously. It appears ladies and gentlemen that your Congressman can be bought.

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American International Group Inc. (AIG) 10 Most Wanted Fugitives

by eran 03.03.2009 My Rants

I believe that the corporate management team aka the board of directors should be held accountable and the group should be brought to justice. I believe the members should be stripped of all personal and business assests including cash, retirements, homes, cars, jewelry, art and anything that can be sold for cash to go to the government for paying their bill. I believe they should all go to prison.

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CNBC’s Rick Santelli Destroys President Obama’s Bailout.

by eran 02.19.2009 Politics

CNBC’s Rick Santelli Destroys President Obama’s Bailout.

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Twist of Unfortunate Fate or Just Plain Stupid

by eran 11.05.2008 My Rants

Banks and Investment houses are crashing all around and need a nearly 1 Trillion dollar bailout. Times are tough on Wall Street. Unless you are Michael Alix who worked for Bear Stearns for 12 years and was Bear Stearns Senior Risk Manager.  Michael Alix was the man responsible for checking and mitigating risks to the company. Alix [...]

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A Few Thoughts on the Word Bail Out

by eran 10.02.2008 My Rants

Over the past few weeks I have been reading and listening to what people have to say about this financial bail out of banks and other investment companies.  I have wavered too and fro about the proper course of action. At first I was pissed. We live in the greatest free market in the world. [...]

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