May 2009
4 posts
The Greatest Swindle Ever Sold
by ANDY KROLL
May 26, 2009
This article was originally published on TomDispatch.
On October 3, as the spreading economic meltdown threatened to topple financial behemoths like American International Group (AIG) and Bank of America and plunged global markets into freefall, the US government responded with the largest bailout in American history. The Emergency Economic Stabilization Act of...
How To Destroy The Credit Card Industry →
The credit card industry is going through some massive reform right now with the leading issue being rate hikes. Congress is imposing limits or caps on just how high these companies can raise their rates. On the surface, this seems like it might be beneficial to the consumer. The article linked from the headline in this post sheds some light on why credit card companies raise rates and how it...
WatchThis latest installment is brought to you by Jon Stewart as he discusses the additional bailout funds for GM and the Chrysler bankruptcy. Prepare to laugh.