If there has ever been an example of "sow and ye shall reap" gone awry, it is the madcap stripping of the national treasure by those who have brought us to the edge of the cliff.
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On an increasingly crowded, polluted and interdependent planet, the human race may not be able to indulge the "cultural DNA" of a society that has Darwinian opportunism as a credo.
Have things changed so dramatically that Obama will have room to dump his biggest campaign contributers overboard? That question will be answered in the coming weeks.
Rep. Barney Frank's Financial Services Committee will take up a new bill next week to ban bonuses at any companies benefiting from federal bailout fun...
How long will and should Obama continue to defend Geithner in the face of the smoking gun proof of what he knew about AIG and when he knew it?
I appeared on ABC's World News Tonight and ABC's Nightline last night about the economic meltdown. You can watch the Nightline clip here.
As I've wri...
The frantic passage of the Populist Rage Tax was a new low in the US government's response to this crisis.
It's admirable that our leaders now want to be frugal with our money but let's remember what the taxpayers themselves have been buying with money not rendered unto Uncle Sam.
By fueling anger over AIG bonuses, Bernanke is playing a very old game. By aiming at AIG, he is distracting public anger from the Federal Reserve. He is protecting his reputation and legacy.
It's good to hear Obama take responsibility, but after the previous "I screwed up" and a few more "buck stops here," the value of that buck's worth might soon diminish.
When the key points of the AIG counter-parties list finally sink in to the American population, there is going to be a run on torches and pitchforks at local hardware stores.
Mr. President and members of Congress, it's time to give back AIG's political contributions.
AIG Chairman Edward M. Liddy gets the Creep of the Week award for his stunning, overwhelming, dumbfounding display of cluelessness.
There is an attorney who can get to the bottom of our current financial crisis and lay the blame and guilt at the foot of the culprits. Eliot Spitzer, phone home.
Right now Obama is trying to walk on an incredibly narrow line with no safety net beneath, but this is gut-check time: he has to decide which side he's on.
Amid all the hand-wringing about whether or not the government has the power to stop AIG from paying bonuses to the very people who helped precipitate...
AIG's predicament will be studied for years to come in marketing and communications classes. When the president of the United States starts bad mouthing your brand, it's not going to survive.
Giving out $18 billion in bonuses at a time when ordinary Americans have seen their life savings collapse is outrageous. To give out these bonuses using federal bailout money is over the edge.
The new economy, the one that not only gets us out of this crisis, but keeps us out of the next, will not have a place for either AIG type bonuses or Jim Cramer-type journalism.
Let's take back some 70 odd bonuses and fail on all sides to see the systemic disease that got us here: short-term thinking and the lunatic need for a profit statement this quarter considerably larger than the last.
Lincoln, FDR, and LBJ all did what they had to do, played the hardball that had to be played, to change the country. Obama should follow their example.
For eight years, the Republicans gave unprecedented trillion dollar bonuses to the richest people in America. Where was the MSM's outrage then?
Let's get real. This may be a nation of laws, but contracts are not sacred, and employment contracts are less sacred than any.
If the American people come to see the Obama administration as complicit in Wall Street's unethical behavior, then Obama's entire economic program could end up in shambles.
The disgust burbled up at the callousness of Enron; it has been simmering ever since, and with AIG it has boiled over.
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