GMAC seeking third round of bailout funds - WSJ - Oct. 28, 2009: "GMAC Financial Services is seeking a third round of bailout funds from the U.S. Treasury Department, according to a report in the Wall Street Journal....the U.S. government could provide an additional $2.8 billion to $5.6 billion to t ... Read more

A recent quote from Richard Russell, 84-year-old doyen of newsletter writers who has been writing the respected Dow Theory Letters for the past 50 years. Russell said: “The whole bailout campaign stinks to high heaven. It was created and run by Wall Street -- FOR Wall Street ... Read the f ... Read more

Here is an interesting clip from a very outspoken Former Assistant Treasury Secretary on the bailouts, the dollar, and Goldman Sachs. .... Craig Roberts: Bank bailout was a fraud and it won't succeed. Don't not know what sort of stupidity the Treasury Secretary and the Federal Reserve will re ... Read more

Put away your torches and pitchforks. Your outrage, along with a proposed but not likely to be enacted 90 percent tax on AIG bonus payments, has done its job. It seem that the threat by Representatives to take back via taxes most of the AIG bonuses paid in federal bailout dollars was enough ... Read more

Was the (very justified) outrage over the AIG bonuses a clever ruse to mask what to me feels like a much bigger reason for outrage, the AIG related bailout of Goldman and Friends. OK, trying to wrap my hands about this whole AIG counterparty bailout sham. This from Barry the other day. The ... Read more

| Peter Klein | Imagine you’re a salesperson at a company. In order to create an incentive for you to bust your tail, the company negotiates with you a leveraged compensation plan under which you receive a relatively small base salary plus fairly generous commissions on the sales you close. Would ... Read more

A former advertising giant says the current approach to stimulating the American economy won't work. His idea: government certificates. Philip H. Geier, Jr., chairman emeritus of the Interpublic Group and chairman of The Geier Group, a marketing communications and venture capitalist firm, ... ... Read more