Wall Street Bonuses and the Bailout: A Brief Explanation
The bonuses being paid to Wall Street executives were negotiated and agreed to prior to the credit crisis. Those contracts have to be honored unless the employer is bankrupt. By bailing out some major investment banks, the government kept those banks from bankruptcy so they could honor their contracts — including their employment agreements.
California in Crisis
The state is 26 Billion Dollars in Debt, it will not go away overnight, since it was not created overnight. There is no clear cut answer in solving this.
Auctioning Off of a Bronze Sculpture at a Ridiculous Price
The sculpture that is worth $1,500 is auctioned off at 10 million pounds.
Economic Stimulus: Just How Much is a Billion Dollars?
Putting a billion dollars in perspective. Check out the math.
Congress Has a Plan
Congress is determined to pass a very expensive “recovery” plan. The question is who will it help?
