Two groups of American International Group Inc. shareholders won class-action status from a federal judge last month in a $25 billion lawsuit by former Chief Executive Hank Greenberg over lo... Read more
While it’s far too early to give a final grade on the massive bailouts that have been approved by Congress, it is worth taking a look at what has happened thus far. I suppose an interim repo... Read more
I am still greatly concerned as to how the federal bailout of financial institutions has been carried out. It now appears there was too little planning done before Congress approved the orig... Read more
Members of Congress must figure out how to overhaul the regulatory structure overseeing the U.S. financial system. Stricter rules governing risky financial products are long overdue. Avoidin... Read more
Thousands of Public Citizen’s supporters signed a petition recently demanding that AIG return the $534,000 executives spent to pamper themselves. The petition was sent to the bosses at... Read more
In my opinion, President Bush and Treasury Secretary Henry Paulson have lots of explaining to do concerning the bailout passed by Congress. The Bush Administration’s financial rescue p... Read more
It appears that the bailout bill – originally sent to Congress by the Bush Administration as a pay-off to wrongdoers – was greatly improved. But, there are still lots of question... Read more
West Virginia is considering suing investment firms at the center of the national financial crisis to recoup millions of dollars in losses to its multibillion-dollar portfolio. Governor Joe... Read more
The level of government intervention resulting from the financial crisis has no recent precedent in this country. It was reported by Forbes that the sum of the liabilities assumed by federal... Read more
Nobody seems to know at this stage how the $815 billion corporate bailout will actually work. Thus far, the indications are that it may not slow down the already deepening recession. The jur... Read more
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