Posts Tagged ‘bankruptcy’
What happened to that $700 Billion?
Saturday, November 22nd, 2008I am sure you still remember the whole financial crisis occurring a few months back. Major investment and banking firms closing their doors for good. And we still continue to see our economy domestically and globally spiraling downward. As for the $700 Billion the government decided to give Wall St.
Where did that money go? Better yet where did it come from?
Naturally the money is coming from taxpayer’s pockets. As a taxpayer you are probably wondering where the money went? I am not quite sure because the government is still giving more money to Wall St., for example AIG was granted an additional $37.8 Billion on 10/9/08 on top of their original $85 Billion on 9/16/08.
Now the car companies want a bailout. How about bailing out the U.S. taxpaying citizens that are truly hurting. Everyday you hear more stories about friends, family, and others losing their jobs, homes, cars, credit, and more… It doesn’t seem like the government is ready to bail you out.
So why doesn’t the government bailout the American people? Better yet how could the government bailout the American people?
Not sure why the government chooses to bailout criminals on Wall St. but not you or me. Just think if the government granted each taxpaying citizen a check for $100,000 you would be able to keep your home, car, and credit up to date. Small business owners would have money to invest into their company which would boost our economy. This would create jobs and a boom in the U.S. economy.
As for people who don’t pay their taxes or cheating the system. They would miss out on this opportunity. And people who don’t know how to manage money well will just blow it but at least it will be going back into the US economy. Because I have not seen a dime of that $700 Billion they gave Wall St.
Although I have seen my stocks plummet to nothing, my 401K become a disaster, and all my other living expenses have gone up while my pay checks stay the same…. This is not the American way… I am sure our founding fathers are rolling in their graves!
By:
Doug from IloveROADHEAD
11/21/08 “Head” lines
Friday, November 21st, 2008Who’s Nailin’ Paylin
Saturday, October 25th, 2008Sumner Redstone Losing Wife & $1.6 Billion in Debt
Wednesday, October 22nd, 2008
Entertainment mogul, Sumner Redstone is facing some serious financial problems. His National Amusements Inc company is about $1.6 billion in debt!
Besides his financial woes, Redstone is now facing personal problems. The 85 year-old has filed for a divorce from his wife of five years.
According to documents, Redstone petitioned for divorce this past Friday.
The files say Sumner and his 46 year-old wife, Paula Fortunato, already have a settlement agreement.
The two married back in 2003 and have no kids together.
And as for the reason for the split?
It’s the ever too common, “irreconcilable differences,” excuse.
9/22/08 “Head” lines
Monday, September 22nd, 2008Bankrupted by Bush
Monday, September 15th, 2008President Bush Sucks!
More bad economic news today… Lehman Brothers filed for the biggest bankruptcy in history, Bank of America said it would buy Merrill Lynch and AIG slumps as insurer rushes to raise capital
For those of you who are Howard Stern fans, you probably knew this day was coming. In 2000, before Bush became president, Howard Stern predicted that if Bush became president that he would bankrupt this country. So far, Stern’s prediction is right. Let’s hope we can last another two months before the Bush bankrupt’s the entire world.










