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AIG takes a $400,000 retreat…amazing.

October 8, 2008 – 7:25 pm – No Comment

Well, nothing surprises me anymore. Just weeks after a government funded bailout, the executives for once failing AIG took a nice vacation to a resort in California.
The bill from the resort had $200,000 in room fees, $150,000 for meals, and $23,000 in spa charges…
What …

SEC bans short selling on 799 Financial stocks

September 21, 2008 – 7:28 pm – No Comment

One day after the UK Financial Services Authority pulled a similar stunt, the SEC temporarily banned the short selling of almost 800 financial stocks. According to the ban, on October 3rd short selling can resume.
With the news on Friday, financial stocks rallied.
Here’s the list …

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