Tag Archives : taxpayers money

With the thought that it is possible to stabilize the US banking system without it being forced into nationalization, the US Treasury Department has finalized its plans to ease the burden of toxic real estate debt that strangles the economy in the greatest crisis that has ever happened in seven decades. The initiative involves combining public and [...]

Republicans blame the government of President Barack Obama for not having done enough to ensure that AIG executives did not get their hands on the fat bonuses after receiving public bail-out money. US Treasury Secretary Timothy Geithner has fallen under heavy criticism for not having averted the release of bonuses to AIG executives. Construed as taken [...]