Bob McCarty Writes

Some six months after AIG was declared “too big to fail” and received billions of bailout dollars, the free-spending administration of President Barack Obama poured another $30 billion into insurance giant this week.  That took place, according to a recent DC Examiner report, after administration officials were encouraged by the company’s loss of nearly $62 [...]

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One week ago today, officials at the Thomas More Law Center announced they had filed a federal lawsuit (pdf) against Treasury Secretary Hank Paulson and the Federal Reserve Board to stop all bailout funds from going to American International Group, Inc., the insurance giant many know better as “AIG.”
According to the lawsuit, the U.S. government, [...]

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One would have expected NBC to boost its ratings tonight by capitalizing on Tina Fey’s ability to impersonate Republican vice presidential nominee Sarah Palin like they’ve done before.  But, alas, no.  Instead, Saturday Night Live’s WEEKEND UPDATE THURSDAY election special did something more valuable — it tackled at least one issue the second presidential debate [...]

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Offering the basis for what might one day become a reality television show, Treasury Secretary Henry M. Paulson Jr. delivered “Extreme Makeover: Financial Markets Edition,” the name I apply to the statement he delivered in Washington, D.C., this morning:
“Last night, Federal Reserve Chairman Ben Bernanke, SEC Chairman Chris Cox and I had a lengthy and [...]

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During the past three decades, the federal government has spent billions to bail out organizations in crisis.  For several reasons, I now believe the time has arrived for me to become the first blogger ever to seek a bailout from the federal government.
First of all, my once-rich Uncle Sam has bailed out nearly everyone else [...]

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