March 7, 2009

AIG: The Fed Won’t Name Names, But The Wall Street Journal Will

This past week, members of the Senate Banking Committee continued trying to break the Fed’s stonewalling on I.D.-ing who’s been getting all the bank bailout bucks…besides the names we DO know. So far the Fed has absolutely refused to cooperate, saying that to do so would do irreparable harm to those institutions. The committee has […]

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February 24, 2009

AIG To Announce $60 Billion Quarterly Loss, Market Was Looking For $6 Billion

Look out below! Double-bailout recipient AIG is due to report earnings Monday, and according to Reuters, it ain’t gonna be pretty. When the market is expecting a loss, and you then post a loss that is $59 billion dollars greater…well, you know what they say about markets and surprises. Reuters just broke this news, and […]

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January 4, 2009

Shariah Law Gets A Bailout

My dear Right Soup readers, you’d best sit down, as this one will likely mash your “outrage” button with astounding force. Last month, insurance giant AIG got $153 billion in taxpayer-funded bailout funds…because we were told if AIG failed, the sky would fall. Well guess what? At the same time it was getting the cash, […]

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