Obama To Detroit: Drop Dead!

In General Interest by Jonathan Tasini1 Comment

Every day, if you pay attention, we can get a teachable moment. Today’s teachable moment gives us this: if you are a CEO of a bank, a CEO who makes millions of dollars, and you are in financial trouble — trouble of your own making — you can ring up the White House and, presto, the coffers of the Federal Reserve open up to extend you loans in the billions of dollars. On the other hand, if you are a worker making a modest income, or you are now retired, and you live in a city ravaged by the so-called “free market”, a city that files for bankruptcy, and you ask the White House for help, you are told, “sorry, buddy, you are on your own.”

Bailouts in Secret

In General Interest by Jonathan Tasini0 Comments

Keep your eye on the ball, which is tough when it come to making sure another chunk of change doesn’t end up in the pockets of the big banks. But, it keeps happening.

Bailout Big Pay

In General Interest by Jonathan Tasini0 Comments

Don’t you feel good about bailing out the bastards who crashed the economy? Well, they certainly feel good about your contributions to saving their sorry asses — and they’ve been pocketing nice sums of money as a way of saying “thank you.”

AIG Attitude Makes Sense

In General Interest by Jonathan Tasini0 Comments

My first reaction to AIG’s consideration of a suit against the government was like many people: what the fuck? You guys should all be in jail, not swimming along thanks to $182 billion in taxpayer bailout money. But, then, in retrospect, it makes sense.

This Week’s Soap Opera

In General Interest by Jonathan Tasini0 Comments

   So, let’s see if we can sum this week’s drama:    Over the past weekend, Treasury Secretary Henry Paulson says, basically, nothing to worry about, we’ve got this financial …