Archive for 2008
Next on AIG’s Agenda: Disneyland?
After receiving a newly enlarged $150 billion rescue package on Monday, AIG was once again caught for superfluous corporate spending in the days prior to their third bailout. Similar to the shenanigans pulled at a California resort following the issuance of their second government check, AIG entertained top independent agents at the posh Pointe Hilton ...Read more.
Top 10 Unethical Actions of Leaders in the Financial Crisis
10. FAILURE TO BLOW THE WHISTLE Fannie Mae and Freddie Mac were the first of the financial institutions to tip off the tumble on Wall Street. They refused to recognize the instability in the housing market when investing in billions of dollars in subprime mortgages. At Fannie, CEO Franklin Raines and other executives hid problems ...Read more.
