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Dr Rick's Blog – March 2009 Archive (6)

American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars.

WASHINGTON – American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars.

AIG is paying out the executive bonuses to meet a Sunday deadline, but the troubled insurance giant has agreed to administration requests to restrain future payments.

The Treasury Department determined that the government did not have the legal authority to block the current payments by… Continue

Added by Dr Rick on March 15, 2009 at 12:08am — No Comments

Signed without media present - Feds spending millions on Kennedy legacy in Mass.

BOSTON – More than one out of every five dollars of the $126 million Massachusetts is receiving in earmarks from a $410 billion federal spending package is going to help preserve the legacy of the Kennedys.

The bill includes $5.8 million for the planning and design of a building to house a new Edward M. Kennedy Institute for the Senate. The funding may also help support an endowment for the institute.

The bill also includes $22 million to expand facilities at the John F.… Continue

Added by Dr Rick on March 12, 2009 at 1:19am — 1 Comment

Pork, Pork and more Pork, and a ten percent pay hike for Congress! We deserve these idiots!

WASHINGTON – Senate Republicans, demanding the right to try to change a huge spending bill, forced Democrats on Thursday night to put off a final vote on the measure until next week. The surprise development will force Congress to pass a stopgap funding bill to avoid a partial shutdown of the government.

Republicans have blasted the $410 billion measure as too costly. But the reason for GOP unity in advance of a key procedural vote was that Democrats had not allowed them enough… Continue

Added by Dr Rick on March 6, 2009 at 1:45am — No Comments

FDIC warns US bank deposit insurance fund could tank

FDIC warns US bank deposit insurance fund could tank

Mar 5, 1:20 pm ET

The US government is warning banks that its deposit insurance fund could go broke this year as bank failures … WASHINGTON (AFP) – The US government is warning banks that its deposit insurance fund could go broke this year as bank failures mount.

The head of the Federal Deposit Insurance Corporation, Sheila Bair, in a letter to bank chief executives dated March 2, defended the FDIC's plan to raise… Continue

Added by Dr Rick on March 5, 2009 at 5:00pm — No Comments

Culture of conspiracy: The Birthers (simply have Hawaii release the original, and end the controversy)

Culture of conspiracy: The Birthers

By BEN SMITH | 3/1/09

Bill Clinton had the Vince Foster "murder." George W. Bush had 9/11 Truth. And the new administration has brought with it a new culture of conspiracy: The Birthers.

Out of the gaze of the mainstream and even the conservative media is a flourishing culture of advocates, theorists and lawyers, all devoted to proving that Barack Obama isn't eligible to be president of the United States. Viewed as irrelevant… Continue

Added by Dr Rick on March 1, 2009 at 2:17pm — 5 Comments