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Henry Waxman

Execs ease woes with lavish retreat

The map will replace this text. The world's largest insurance company, American International Group (AIG), spent $440 000 (about R3 893 375) on a lavish corporate retreat at one of California's top beachside resorts a few days...

AIG rips the surf off our backs

By Al Lewis Dow Jones Newswires You taxpayers need to get this through your stingy heads: If you want to be in the insurance business, you're going to have to tip the butlers. After the initial bailout, AIG ran up a $440,000...

Hearing to investigate hedge funds postponed (delayed by Dems until after election)

Hearing to investigate hedge funds postponed By Mike Soraghan Posted: 10/10/08 08:30 PM [ET] House Democrats have postponed until after the election a hearing to investigate the role of hedge funds in the credit meltdown to...

US govt to invest directly in banks (AAP)

US Treasury Secretary Henry Paulson says the US government is planning to invest directly in US banks to prevent them from failing, expanding the focus of the government's $US700 billion ($A1 trillion) rescue plan. Paulson's...

Paulson reveals bank rescue plan

US Treasury Secretary Henry Paulson says the US government is planning to invest directly in US banks to prevent them from failing, expanding the focus of the government's $US700 billion ($1 trillion) rescue plan.

Make Dodd Testify

The Wall Street Journal today says that Congress needs to get Chris Dodd under oath about the sweetheart deals he got from Countrywide Mortgage and the influence they had on his dealings with Fannie Mae and Freddie Mac,...

CEO Punched in the Face After Lehman Brothers Collapsed

Richard Fuld, the former CEO of the former banking giant Lehman Brothers, was punched in the face while working out in the company gym after the announcement that the 158-year-old firm was filing for bankruptcy. Journalist...

Killing More Polar Bears with the WWF

The classicists argue as to whether Nero really fiddled while Rome burned. Yet the story is seen as apocryphal in the same way biblical parables and myths from Greek Mythology are often so viewed. That is because we all know...

Democrats Shelve Iran Resolution

Given the scare-tactic-laden climate of the past eight years, Resolution 362`s journey is remarkable: it represents a forceful effort by members of Congress - prodded by grassroots groups - to turn back the tides of impending...

Could this be the end of bling?

Francesco Trapani, chief executive of Bulgari Group, is cutting back on the fixed costs of his jet-setting lifestyle. The jewelry, luxury-goods and hotel magnate recently sold his 137-foot yacht, the “Christianne B,” and he's...

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