Photos
Dr. Kalinda Rose Stevenson
House votes to restrict Wall Street pay: Congress acts to end million dollar bonuses paid with bailout money
The United States House of Representatives passed a bill that restricts bonuses to bank executives.
Nothing has enraged ordinary people more than the idea that the biggest banks used bailout money to pay huge bonuses to their executives.
The House voted Friday to slap restrictions on how Wall Street executives are paid after nine banks that took government bailout money rewarded thousands of their employees with bonuses topping $1 million each. House Votes
In the same year the banks were failing, and taking billions of dollars in bailout money, the banks were paying their executives million dollar bonuses. Read more
Sphere: Related ContentTags: bank bailout, banks, Barney Frank, executive bonuses, financial crisis, Glass-Steagall, House of Representatives, make money, recession, Wall Street
The Lending Game Gone Bad: The Money Reason Why Banks And Corporate Giants Are In Trouble
One of the factors creating turmoil in the economy is the blurring of financial roles.
In the Monopoly Game®, the rules are clear. The players have a clear set of rules, which determine what they can and cannot do with money. The banker also has a clear set of rules, which allows the banker to use money differently than the players do. Read more
Sphere: Related ContentTags: bad loans, banks, lending, Monopoly, No Money Limits, recession, self-financing
Why Money Itself Is The Underlying Cause Of The Recession
Money itself is the underlying cause of the recession. Although you will hear many explanations for the economic meltdown, few explanations analyze the role of money itself in creating the problem. Instead, analysts blame a long list of usual suspects, including irresponsible consumers, greedy bankers, and corrupt government officials. However much truth there is in these explanations, the ultimate cause of our economic crises originates from the nature of money itself. Read more
Sphere: Related ContentTags: creative financing, currency, economic stimulus, Federal Reserve notes, money, No Money Limits for Real Estate Investors, notes, recession
Syndicate
Subscribe to this site's RSS feed.
-
