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Front Page: Taxpayer ATM to Doll Out $7.4 Trillion in Rescues
- The US government has pledged more than $7.4 trillion to bail out the financial system. That amount of taxpayer money represents half of the value of everything produced in the US last year. — Bloomberg
- Citibank is the latest institution to receive a bailout.
Why You Shouldn't Choose Embarrassing Passwords
I'm usually not a fan of Citibank advertising, but this one gets me every time. This dweeby guy tries to whisper his silly codes and passwords out in public while banking on his phone. Finally he's forced to yell them out to the dismay of people around him.
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Should Bailed Out Banks Spend Millions on Sports Teams?
There's nothing surprising about companies sponsoring sports teams, but Bank of America may have gone too far. The bank, which has received $45 billion in taxpayer money, sponsored a five-day blowout called "NFL Experience" last week, and according to insiders the tents alone cost $800,000. ABC reports that in total, being the official bank of the NFL has put the bank (or taxpayer) back $10 million.
Are You Outraged by $18 Billion in Wall Street Bonuses?
If you still manage to have a job on Wall Street, you might not realize that the good ol' days are over. Yesterday news broke that Wall Street bankers gave themselves $18.4 billion in bonuses last year — that's the same amount they received in 2004. President Obama angrily reacted, saying:
That is the height of irresponsibility.
Briefing Book! Blagojevich Thought About Appointing Oprah
- Senator Oprah: On Good Morning America, Illinois Gov. Blagojevich said he considered appointing Oprah Winfrey to Obama's Senate seat. —Talking Points Memo
- President Obama: A look back at his first week.
Online Identity Theft Is NOT Funny...
Unless, of course, it happens to someone else and presents itself on YouTube as a wannabe Citibank commercial.
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