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Showing posts with the label bonuses

Move Your Money!

By Laurent Belsi CLICK HERE TO VIEW THE VIDEO IF YOU'RE ON AN AGGREGATOR Mad about the bank bailouts? Had enough of huge bonuses and too-big-to-fail apologies? Here's one way to do something about it. Take your money out. That's right. Take your checking and savings account out of that big money-center financial institution and move it to a community bank or credit union. There's even a movement afoot to help consumers make the switch, called Move Your Money , with a well-timed message and a good video (see below). The website offers search tools so consumers thinking about switching can type in their zip codes to find a credit union or a strong community bank nearby. Do big banks really care if a few thousand depositors pull out their money? Here's why they do. Banks' business foundation rests on core deposits, including the savings and checking accounts of consumers and businesses, says Dennis Santiago, CEO of Institutional Risk Analytics (IRA), a bank-rating ...

Michelle Malkin on AIG

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Usually I fall on the opposite side of things from Michelle Malkin - but this piece of hers was so on target and truthfully funny I am reposting some excerpts here: The Kabuki Theater of AIG Outrage by Michelle Malkin All the world’s a stage, wrote Shakespeare, and in the world of Washington, the curtains have opened on the most elaborate farce of the year. Welcome, taxpayers, to the Kabuki Theater of AIG Outrage – where D.C.’s histrionic enablers of taxpayer-funded corporate bailouts compete for Best Performance of Hypocritical Indignation. Over the weekend, cloaked in their finest populist costumes, the Beltway’s hair-sprayed and powdered politicians and White House aides took to the airwaves to inveigh against $165 million in employee retention payments paid out by the government-backed insurance giant. Those bennies were reportedly part of a larger $450 million round of bonuses. After subpoenaing AIG, New York Attorney General Andrew Cuomo informed Congress that 73 employees in the...