Adam Shrugged

I am, therefore I think.

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Month: March, 2009

AIG's Exodus of Talent Begins

25 March, 2009 (08:32) | Money | By: Adam Shrugged

The first in what I expect to be a long line of resignations. Jake DeSantis will be donating his after-tax bonus to charity (if there is any left) and has been working on a salary of $1 per year. In other words, he’s been working for free all this time putting in 10-14 hour days [...]

Fallout from AIG

24 March, 2009 (10:01) | Money | By: Adam Shrugged

Goldman Sachs is going to be returning its bailout money ASAP. This is no surprise given the bill that made it through the House applying punitive taxes ex post facto. The upside is that taxpayers will have a full return of their money plus interest. The downside is that we can expect an almost universal [...]

First They Came for Wall Street

20 March, 2009 (13:46) | Money | By: Adam Shrugged

When the Politicians created a special tax on the Wall Streeters, I remained silent; I was not a Wall Streeter. Then the Politicians taxed the rich, I remained silent; I was not rich. Then they went after the non-union businesses, I did not speak out; I was not a non-union business owner. Then they attacked [...]

Thank Goodness I have Debt!

13 March, 2009 (08:26) | Money | By: Adam Shrugged

Thank goodness I have some debt to pay off! Otherwise I do not know what I would be doing with my savings. My student loans are only charging 3.125% but thats a much better return than I can get anywhere else (risk free). I would not be happy putting my money in any asset class: [...]