NYC Sues Verizon Because Heinously Ugly Building Is Too Tall

NYC Sues Verizon Because Heinously Ugly Building Is Too Tall

Apparently the extremely ugly Verizon skyscraper in NYC is too tall, and is now the subject of a lawsuit. [More]

Fed Chairman: A.I.G. Was Essentially Running An Irresponsible Hedge Fund

Fed Chairman: A.I.G. Was Essentially Running An Irresponsible Hedge Fund

Fed Chairman Ben Bernanke told the Senate Budget Committee he was “angry” at A.I.G. for exploiting a loophole in the regulatory system in order to run what was essentially a hedge fund tied to an insurance company.

White House To Citi: Don't Even Think About Buying Luxury Jets With Taxpayer Money

White House To Citi: Don't Even Think About Buying Luxury Jets With Taxpayer Money

Yesterday, we wrote that Citigroup had decided to spend $50 million of its bailout money on a French luxury jet to ferry execs around town. The White House was not pleased about this.

Bailed Out Citigroup Stimulates French Economy By Purchasing $50 Million Corporate Jet

Bailed Out Citigroup Stimulates French Economy By Purchasing $50 Million Corporate Jet

With $45 billion in taxpayer funds burning a hole in its pocket, Citigroup is purchasing a $50 million Dassault Falcon 7X, according to the New York Post. Apparently none of the existing jets that ferried execs to Washington to ask for bailout funds was ironic enough.

What Will The Largest Government Bailout Of Private Industry In US History Look Like?

What Will The Largest Government Bailout Of Private Industry In US History Look Like?

A bailout of some kind is coming, but no one seems to know what it will look like and who it will help. The Wall Street Journal says that Senate Banking Committee Chairman Christopher Dodd of Connecticut has some ideas that might not go over too well with the Treasury Department.

IRS to Cut 50% of Rich People Auditors

IRS to Cut 50% of Rich People Auditors

The federal government is moving towards cutting half of the IRS workers who audit the wealthiest Americans’ returns.