Stock Market Typo/Robot Apocalypse Still Being Investigated

Stock Market Typo/Robot Apocalypse Still Being Investigated

Treasury Secretary Tim Geithner will meet with federal regulators and top officials from the NYSE and other exchanges to dicuss whatever the hell happened last Thursday that caused the stock market to completely freak out. [More]

AIG Financial Products People Still Getting $100 Million In Bonuses

AIG Financial Products People Still Getting $100 Million In Bonuses

It’s time for the annual round of outrage at the fact that the people who wrecked the economy are getting huge bonuses. [More]

Treasury Secretary Is Cool With Firing Bank CEOs

Treasury Secretary Is Cool With Firing Bank CEOs

Hey, bank CEOs! Need “exceptional” help from the U.S. Government? Get ready to be fired. Treasury Secretary Tim Geithner told “Face the Nation” that he was open to firing bank CEOs in much the same way that GM chief Rick Wagoner was recently shown the door.

http://consumerist.com/2009/03/26/treasury-secretary-geithner-is-testifying/

Treasury Secretary Geithner is testifying before Congress, if you are interested. [CSPAN]

Government Imposes $500,000 Executive Pay Cap On Bailed-Out Companies

Government Imposes $500,000 Executive Pay Cap On Bailed-Out Companies

President Obama and Treasury Secretary Tim Geithner have announced a $500,000 maximum wage for employees of companies that receive taxpayer support. The rule will only apply to companies that receive future bailout funds. Oh, also, you’re going to be bailing out more companies.