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21 Nov

Norah Comes Armed With Notes To Debate Palin Fans

Have a close look at the screencap [larger image after the jump].  Notice what MSNBC's Norah O'Donnell is holding in her left hand? Those are notes, with factoids from the 2008 presidential campaign.  She's reading from them to challenge a Sarah Palin supporter who was waiting in line a...

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Under attack, Geithner defends costly AIG bailout

U.S. Treasury Secretary Timothy Geithner defended on Thursday the costly bailout of AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms. ...

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U.S. government targeting fourth quarter of 2010 for GM IPO

General Motors will likely begin repaying of its federal bailout loans early, but that might not be good enough for the Obama administration. The White House is pressing General Motors to speed up its first public stock offering. GM will likely make its first loan payment on December 31st, but ...

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Geithner Hopes for Quick End to TARP

Treasury Secretary Timothy F. Geithner said Thursday that the government would end its $700 billion bailout program "as soon as we can," and that part of it would be used to lower the record deficit. ...


Bailout Watch 573: GM Bailout Cost Taxpayers $12,200 Per Car

This according to the National Taxpayer’s Union report “The Auto Bailout: A Taxpayer Quagmire,” authored by Rochester Institute of Technology Professor of Economics, Thomas D. Hopkins. That number includes the $52.9b taxpayer “investment” in General Motors, as well a...

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New Plant Plans Highlight Strengths In The US Auto Industry

One of the most overlooked arguments during last year’s bailout debates was the fact that America’s automotive industry was not under threat. Sure, a few companies based in Detroit were panhandling at death’s door, but so-called “import brands” had been employing mor...

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