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Banksters Award Themselves Bonuses — But Taxpayers Can Wait, Says Treasury
20 hours ago ago from The British National Party
The Treasury does not regard it as a “priority” to pay back the billions pumped into the banking sector, the Treasury has announced while the bailed-out banksters continue to pay themselves vast bonuses courtesy of the public purse. According to reports, Sir Nicholas Macpherson, permanent secretary at the department, told the Commons public accounts committee “there were other measures of success beyond just ensuring taxpayers did not ...
Related contentGetting Queasy Over Citi
23 hours ago ago from Market Talk
Citigroup (C) shares fall as the government decides against trimming its 34% stake in the banking behemoth. Abrupt decision comes after the pricing of a recent secondary offering comes 10 cents below what the Treasury Department originally paid for Citi shares, meaning taxpayers would've lost money on the deal. WSJ has the details : The embarrassing reversal came two days after the Treasury said it planned to sell as much as $5 billion ...
Related contentRandom acts of war
7 hours ago ago from Welcome
From The Washington Post : 16 June 2008 British Prime Minister Gordon Brown on Monday announced plans for new sanctions against Iran and a small increase in troops for Afghanistan, handing President Bush a symbolic boost on the last day of his weeklong farewell trip to Europe. Brown, appearing with Bush at a 10 Downing Street news conference, said Britain and the European Union are expected to act to freeze the assets of Iran's ...
Related contentUS Treasury to sell Citi stake in 12 months
21 hours ago ago from India News
US Treasury to sell Citi stake in 12 monthsThe US Treasury plans to dispose of its stake in Citigroup, valued at $26.5 billion, within the next 12 months.Top 20 Global Banks | Bernanke: Person of the year
Related contentMaking Sense of Your Debt
13 hours ago ago from Finance
Most people today are constantly worried about debt. And it’s not surprising when considering the amount of credit that has been given out in the recent past, without any worry or concern. Businesses around the world are finding it hard to live up to its goals and dreams and are struggling to make ends meet. Having a lot of credit that needs to be paid means only one thing; repayments just get messier and messier. Paying these ...
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