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Consumerist
Consumerist (feeds.gawker.com) has great US Economic Bailout of 2008 news, photos, videos and more
Thursday, Sep 24
Bank Of America Reaches Out To Angry YouTube Star
A BoA executive contacted Minch to talk about her situation, her video, and her debts, and negotiated a 12.99% interest rate. The executive explained to her that her interest rate was hiked up to over 30% because of one missed payment. In 2008.
Tuesday, Sep 1
Bank Of America Wants To Begin Paying Back Bailout Money, Avoid Government "Fee"
The Wall Street Journal says that Bank of America is interested in paying back a portion of the bailout money it received, with the goal of getting out from under the purview of the salary czar and reduce a "layer of federal involvement in its affairs."
Sunday, Aug 30
Banks Once "Too Big To Fail" Now Even Bigger After Meltdown
In Santa Cruz, Calif., Wells Fargo, Bank of America and J.P. Morgan Chase hold three-quarters of the deposit market. Each firm was given tens of billions of dollars in bailout funds to help it swallow other banks. Banks 'Too Big to Fail' Have Grown Even Bigger [Washington Post]
Thursday, Jul 9
AIG Asks Federal Permission To Pay $2.4 Million In Executive Bonuses
In November, AIG's top seven executives, including Chairman Edward M. Liddy, agreed to forgo their bonuses through 2009. Then, in March, facing pressure from Treasury Secretary Timothy F. Geithner and other government officials, the company restructured its corporate bonus plans for...
Sunday, Mar 15
AIG To Use Bailout Cash To Pay $165 Million In Bonuses. Yes, Seriously
Mr. Liddy, whom Federal Reserve and Treasury officials recruited after A.I.G. faltered last September and received its first round of bailout money, said the bonuses and "retention pay" had been agreed to in early 2008 and were for the most part legally required.
Tuesday, Feb 10
Banking Bailout Party: New Details Emerge
The New York Times has details about the new bailout plan Treasury Secretary Tim Geithner is scheduled to talk about later today. Here's a rundown of what's on the menu: Geithner will also give the $700 billion Troubled Asset Relief Program a new name: the Financial Stability Plan.
Tuesday, Nov 18
GM's Prez Begs Customers To Plead On GM's Behalf
Tonight, the president of Ford Motors will be on Campbell Brown's "No Bias, No Bull" program on CNN at 8pm ET/5pm PT, presumably to hit similar talking points. Dance, auto monkey! Dance for the TV audience! Despite what you may be hearing, we are not asking Congress for a bailout but rather a...
