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AIG will likely not be able to pay back all their loans

AIG will likely not be able to pay back all their loans

AIG “borrowed” $182 billion from the United States government from the bailout program. On Monday September 21st, a watchdog group sent out a warning to the American public that AIG would likely never be able to pay back the loan.
The Government Accountability Office said that …

What was AIG thinking?

Okay, so I think every U.S. citizen that has been watching the news today knows why AIG was going to fail to begin with. I can’t believe that even though we (as taxpayers) own 80% of the company, it still can’t get it together.
The …

AIG gives its own bailout money to other banks

After receiving a lot of criticism about givng bailout money to employees in the form of bonuses, AIG released information that the company gave money to foreign and domestic  banks in the tune of $90 billion.
Some of the domestic banks had even received their own …

Executive pay loophole? Well, of course…

There’s a loophole in the order given from President Obama about the $500,000 executive pay cap. It has to do with the keyword “exceptional.”
Of course Wall Street executives like those at JPMorgan would try to weasel their way around the cap. Maybe the government …

Tuition hikes, why now?

The job market is diminishing more everyday, I know and I’m honestly scared.  At the same time universities and colleges are laying off employees and cutting classroom spending, tuition is increasing…why?
Jane Wellman authored a report from the Delta Cost Project to find out why and …