December 22, 2008 - In 2007, Merrill Lynch CEO John Thain was given 83 million dollars in compensation. In October of 2008, Merrill Lynch received 10 billion dollars in taxpayer bailout money. So... nearly 1 percent of Merrill's bailout went to John Thain's personal bank account. Well, maybe not exactly, but still...
Filed under: John Thain,
Merrill Lynch,
Merrill Lynch CEO John Thain,
John Thain Bailout,
Bank Bailout,
Bank Crisis,
Economic Crisis,
Bank crisis merrill lynch,
merril lnch,
merill lynch,
john tane,
jon thain,
jon tain,
merrill lynch executives
December 22, 2008 - There are still two shopping days left until baby Jesus's birthday. We hope we're not too late to get our letter to Santa. We've been really horrible people this year so we're not sure if we'll get anything but a stocking full of coal, or...
Filed under: Bristol Palin,
Sarah Palin,
Briston Palin's baby,
Levi,
Blago,
bristol baby,
cindy mccain affair,
gay marriage,
legalized marijuana,
ceo bailout,
John Thain bailout,
John Thain,
Merrill Lynch,
Merrill Lynch CEO John Thain,
John Thain Bailout,
Bank Bailout,
Bank Crisis,
Economic Crisis,
Bank crisis merrill lynch,
merril lnch,
merill lynch,
john tane,
jon thain,
jon tain,
merrill lynch executives,
cindy mccain affair,
cindy mccain cheats,
cindy mccain caught cheating,
national enquirer,
levin johnson,
prop 8,
proposition 8 passes,
proposition 8 fail,
gay marriage legalized,
marijuana legalized massachusetts,
medical marijuana,
legal drugs
October 1, 2008 - In college I took only one semester of Econ (and just barely passed), but even I know that we are not in an "economic crisis," a "recession" or a "depression," but a much bigger condition that economists call "the end of the United States."
Does that mean that our country...
Filed under: wall street,
financial crisis,
lehman brothers,
bank of america,
merrill lynch,
black monday,
stock market,
dow jones,
lehman bankrupt,
financial markets,
lehman brothers bankrupt,
merrill lynch sale,
bank crisis,
banking crisis
September 26, 2008 - Congress is like a slick Vegas magician. While our attention is on its fiddling with the Wall Street mess they slip a quick 25 billion in welfare to the auto industry and hope nobody was noticing. That means this month's bailouts are already over a hundred billion with a...
Filed under: financial crisis,
economic crisis,
Henry Paulson,
Treausury Secretary Henry Paulson,
$700 billion rescue plan,
$700 billion bailout,
government bailout,
Wall Street,
Wall Street CEO pay,
CEO salaries,
House Financial Services Committee,
Congress Financial Services,
Congress government bailout,
government bailout,
AIG,
Lehman Brothers,
Morgan Stanley,
Merrill Lynch,
Wall Street crisis
September 26, 2008 - Come you masters of debt
You that owe the big bucks
You that sell off your shares
To some other rich fucks
You that mismanage funds
You that mishandle loans
I just want you know
I see through your Dow Jones
You that never done not...
Filed under: financial crisis,
economic crisis,
Henry Paulson,
Treausury Secretary Henry Paulson,
$700 billion rescue plan,
$700 billion bailout,
government bailout,
Wall Street,
Wall Street CEO pay,
CEO salaries,
House Financial Services Committee,
Congress Financial Services,
Congress government bailout,
government bailout,
AIG,
Lehman Brothers,
Morgan Stanley,
Merrill Lynch,
Wall Street crisis
September 23, 2008 - This whole bailout thing is very eye-opening. Anytime the government wants to keep a company alive, no matter how poorly run and mishandled it might be, they can just buy it up and allow it to continue bl...
Filed under: Government Bailout,
AIG,
Lehman Brothers,
Morgan Stanley,
Merrill Lynch,
Wall Street Crisis Explained,
Wall Street Crisis,
What is the wall street crisis?,
What is the financial crisis?,
Government Spending Explained,
Market Crisis Explained,
Bank Bailout
September 23, 2008 - In 20 years, we'll be saying, "When the economy collapsed, CNN's Rick Sanchez was there."
Posted by: Kevin Allocca...
Filed under: Rick Sanchez,
AIG,
Lehman Brothers,
Merrill Lynch,
Bank of America,
CNN,
Sanchez CNN,
Twitter,
CNN,
Sanchez Twitter CNN,
Sanchez Twitter,
Economic Crisis,
World Economic Crisis,
Worst Economic Crisis,
Recent economic crisis coverage,
Sanchez Economy,
U.S. economy failing,
Economy worst than ever,
Federal Reserve,
Bank Buyouts,
Bank collapse,
AIG bailout,
Federal Reserve Bailout,
Federal Bailout coverage,
Bankrupt Banks,
Bankrupt Banks Economy,
Bankrupt Banks Federal Reserve
September 22, 2008 - According to Politico, one of the main sticking points in the bailout bill is the issue of limits on executive compensation -- maybe because this is one of the few parts of the bill anybody can understand. The Democrats think the executives shouldn't be rewarded for screwing up, to which...
Filed under: Henry Paulson,
Treasury Secretary,
Treausury Secretary Henry Paulson,
$700 billion rescue plan,
$700 billion bailout,
government bailout,
Wall Street,
Wall Street CEO Pay,
CEO Salaries,
CEO Salary Cap,
Congress CEO Salaries Wall Street,
House Financial Services Committee,
Congress FInancial Services,
Congress imposes salary limit,
Congress Debate Government Bailout,
Government Bailout,
AIG,
Lehmen Brothers,
Morgan Stanley,
Merrill Lynch
September 22, 2008 - We're not economists, but according to our calculation, Wall Street is about to be swallowed up by a sinkhole. What can you do to protect your investments? Wait, you have investments? You're our most elite reader!
Normally, in times of such confusi...
Filed under: Henry Paulson,
Treasury Secretary,
Treausury Secretary Henry Paulson,
$700 billion rescue plan,
$700 billion bailout,
government bailout,
Wall Street,
Wall Street CEO Pay,
CEO Salaries,
CEO Salary Cap,
Congress CEO Salaries Wall Street,
House Financial Services Committee,
Congress FInancial Services,
Congress imposes salary limit,
Congress Debate Government Bailout,
Government Bailout,
AIG,
Lehman Brothers,
Morgan Stanley,
Merrill Lynch,
Wall Street Crisis Explained,
Wall Street Crisis,
What is the wall street crisis?,
What is the financial crisis?,
Government Spending Explained,
Market Crisis Explained,
Bank Bailout
September 17, 2008 - If you're worried about your financial well-being, take solace in the fact that John McCain feels your pain. (Of course, that could be Cindy gobbling down his painkillers for breakfast.) Either way, after being slammed for saying the fundamentals of...
Filed under: McCain Wall Street commission,
Wall Street commission,
John McCain commission,
McCain economic plan,
McCain economics,
McCain economy,
McCain economic policy,
McCain fundamentals,
McCain Wall Street investigation,
McCain 9/11 Commission,
McCain economic crisis,
McCain Lehman Brothers,
economic crisis,
Lehman Brothers,
Wall Street crisis,
9/11 Commission,
September 11 Commission,
John McCain campaign,
McCain Obama economics,
John McCain,
Barack Obama,
wall street,
financial crisis,
lehman brothers,
bank of america,
merrill lynch,
black monday,
stock market,
dow jones,
lehman bankrupt,
financial markets,
lehman brothers bankrupt,
merrill lynch sale,
bank crisis,
banking crisis
September 16, 2008 - Sure, the market crisis is scary. We're not worried because we keep our money in Confederate scrip stuffed in a cotton gin. But even if you're not a "banker" or "day trader" or "income-earner," you still may be affected by this week's economic upheaval.
How can...
Filed under: wall street,
financial crisis,
lehman brothers,
bank of america,
merrill lynch,
black monday,
stock market,
dow jones,
lehman bankrupt,
financial markets,
lehman brothers bankrupt,
merrill lynch sale,
bank crisis,
banking crisis
September 15, 2008 - The economic world woke up today to find the Dow plunging and two major financial institutions falling apart, and yet one significant aspect of this crisis seems to be going unreported. Namely, that our currency is being subjected to unfair and vicious attacks by the media.
It's demeaning and...
Filed under: wall street,
financial crisis,
lehman brothers,
bank of america,
merrill lynch,
black monday,
stock market,
dow jones,
lehman bankrupt,
financial markets,
lehman brothers bankrupt,
merrill lynch sale,
bank crisis,
banking crisis
September 15, 2008 - We don't understand why Lehman Brothers went bankrupt (something about minority homeowners?), but we do understand that we're screwed. Our staffers responded in kind to the following question:
Where will you put your money...