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Czar Kenneth Feinberg Wants Across-the-Board Executive Pay Cuts
Compensation czar Kenneth Feinberg – officially, the Obama administration’s special master for executive compensation – believes that the pay reductions he mandated at seven taxpayer-rescued firms...
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RIP Hummer: 1992 – 2010
General Motors took its Hummer brand off life supports and will let the iconic SUV die a peaceful death. GM’s brief statement said that its planned sale of Hummer to the Sichuan Tengzhong Heavy...
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TARP’s Price Tag: $109 Billion
The Congressional Budget Office has determined that the Troubled Asset Relief Program (TARP) will cost the government $109 billion – just 16 percent of the $700 billion set aside to rescue the nation...
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Kenneth Feinberg Widens Review of Rescued Bank Compensation
The nation’s pay czar is widening his review of how much money hundreds of banks paid their top executives during the 2008 financial crisis. Kenneth R. Feinberg, officially the Special Master for...
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Treasury: TARP Repayments Now Surpass Debt
The $700 billion Troubled Asset Relief Program (TARP) is turning out to be a better bet than many thought at first. According to the Treasury Department, the amount of money repaid by banks and other...
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RIP: The Iconic Pontiac
The Pontiac – renowned for its muscle cars in the 1960s and 1970s – recently ended its 84-year run when General Motors (GM) pulled the plug on the once-iconic brand. Pontiacs – which peaked at nearly...
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TARP’s Ultimate Tally Could Be Just $25 Billion
The estimated cost of the Troubled Asset Relief Program (TARP) keeps falling, according to the nonpartisan Congressional Budget Office (CBO). The latest estimate is that TARP will cost the taxpayers...
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Warren Buffet Bullish on U.S. Credit Rating
Standard & Poor’s may have downgraded the United States credit rating from AAA to AA+ and the bears may have taken over Wall Street, but the Berkshire Hathaway chairman and billionaire Warren...
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Are Gas-Sipping Cars Leaving Hybrids in the Dust?
When Cadillac is staking its comeback on a compact car that boasts fuel economy approaching 40 mpg, what does it mean for hybrid and electric vehicles? Cadillac’s ATS sedan is one example of how...
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Fannie Mae Asks Uncle Sam For More Money
In an attempt to dig itself out of a deepening hole, Fannie Mae has requested $4.6 billion in additional federal aid. “We think that we have reserved for and recognized substantially all of the credit...
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