March 2009

We, the taxpayers, are now paying $55,000-per-GM employee and $66,000-per-Chrysler employee to save 2/3 of our country’s auto industry. And, while that may seem like a painful price tag, it’s 25 times less than we’ve committed per-employee to save the nation’s (make that world’s) banks. FBN’s Brian Sullivan crunches the numbers in the video below. And as the government announced ... read more

Whether the turn-off is the intense public scrutiny, the strings attached or that they just might not have needed it to begin with, Goldman Sachs, JPMorgan and Bank of America are all reportedly planning to get TARP funds off their hands ASAP. The banks are the latest to join the list of companies that have opted to turn down or return the government rescue money. Maybe this will be an agenda ... read more

Amid public outrage, 15 of 20 top-bonus recipients at AIG so far have agreed to return the money, according to New York's Cuomo. Meanwhile, Fed Chairman Bernanke and Treasury Sec. Geithner are answering to lawmakers Tuesday about the controversial bailout of the once-mammoth insurer and also asking for new powers of regulation that they say can prevent a future recurrence of our current ... read more