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American International Group will sell its American Life Insurance Co. division for $15.5 billion to MetLife. ...more
March 9, 2010
In its biggest deal since getting multiple infusions of federal bailout money, American International Group agreed Monday to sell its Asian life insurance business for $35.5 billion and return most of the proceeds to the U.S. Treasury. ...more
March 2, 2010
The blatant con game being practiced by Goldman Sachs, AIG, Citigroup and JP Morgan with the Obama administration and Republican acquiescence is criminal. ...more
February 14, 2010
Power of the people The senatorial election of Scott Brown in Massachusetts demonstrated, as always, that the future of our community, our state, and out nation lies in the sovereignty of we the people. ...more
January 23, 2010
A recent Time magazine poll found that 71 percent of Americans who responded want the government to place limits on the executive compensation at firms that received bailout money. Yet accomplishing this task selectively is impossible to do. ...more
January 10, 2010
In July of 2009, following the bailout and the TARP passages, the U.S. government either owned or controlled 31 percent of the U.S. economy as a direct result of its dealings with banks, AIG and GM, etc. Now the new health care bill will increase this figure by 17 percent to 48 percent. Next on the agenda are Barney Frank's Financial Services Bill and the Cap and Tax bill, which will increase the percentage to 71 percent. ...more
December 28, 2009
Members of AIG's financial-products unit should take heart. Yes, Obama administration pay czar Kenneth Feinberg is coming down on them with the awesome power of his czardom, dictating that their pay not exceed $200,000 a year. ...more
October 28, 2009
" ... ObamaCare basically means that every time you are sick or injured, you will have a clerk from the Department of Motor Vehicles telling your doctor what he can and cannot do," wrote comedian/pundit Ben Stein. This might not be such a bad thing if it came to be. ...more
October 9, 2009
It is absolutely unbelievable how dumb the Obama administration thinks the American public is. They put forth a plan to buy the "toxic assets" of banks, which they now call "legacy assets," and try to convince us that this will be done by the private sector. ...more
March 29, 2009
These past few days watching the news programs covering the events up in Washington, D.C., I heard something that should scare everyone. ...more
March 28, 2009