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Posted By: zephyr
Posted On: Jul 26, 2010
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Report rubber-stamps bonuses
In a report issued Friday, a federal “special master” found that 17 big financial firms awarded nearly $2 billion in bonuses and retention payments to top executives during the period when they were receiving bailout funds from the US Treasury under the...... [view]
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Posted By: zephyr
Posted On: Oct 13, 2008
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By ASIM ERDİLEK:
It is no longer just a global financial crisis waiting to be ended by government rescue plans of this sort and that sort, here and there. What we now have is a full-blown global financial panic, seemingly impervious to plans of any sort, which last week caused a brutal...... [view]
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Posted By: zephyr
Posted On: Oct 6, 2008
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By ASIM ERDİLEK:
What a turbulent and dramatic week it was for the US and the global economies, with sudden political uncertainty about the fate of the bailout plan on top of the worsening financial crisis!
The rescue plan had to be rescued itself with political scrambling and...... [view]
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Posted By: zephyr
Posted On: Sep 29, 2008
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BY: ASIM ERDİLEK:
The US Treasury’s sweeping bailout plan hastily presented to the US Congress last Monday to end the global financial crisis has unleashed a furious debate, stalling congressional approval of the plan.
This welcome debate, after Congress commendably refused to...... [view]
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