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State legislatures really know how to lead

By Steve McGough / November 21, 2008 /

Early this week, I wrote about how corporate leaders were changing their business plans to take advantage of government handouts. Everyone is getting in line, and you really can’t blame them for doing so. If they don’t come and ask for the cash, someone else will. Word from Malkin that a local department store is…

Bailouts for individuals now on the way

By Steve McGough / November 19, 2008 /

I understand working for a Fortune 100 company and feeling like you have no power. Many people have been – and will be – asked to leave their job with a pink slip. It’s not fun, I’ve been there. But since insurance companies, auto manufactures, cities, states and other groups are asking for federal bailout…

Pelosi displays she is not a leader

By Steve McGough / September 17, 2008 /

Talk about throwing a hissy fit and showing zero leadership. According to Nancy Pelosi (D-Calif.), none of the current financial problems are the fault of Democrats. None. Is she kidding me? This is like the coach of the team loosing a game and saying that the offensive coaching staff had nothing to do with the…

Small banks punished for solid business model

By Steve McGough / November 25, 2008 /

Citibank is a big bank, one of those companies that are just too big to fail. When the government steps in to help a single bank – like Citibank – with an infusion of $20 billion in cash and more than $300 billion in loan guarantees, you’ve got to wonder how Citi’s competitors feel about…

Small banks wondering what they did wrong

By Steve McGough / November 25, 2008 / Comments Off on Small banks wondering what they did wrong

Citibank is a big bank, one of those companies that are just too big to fail. When the government steps in to help a single bank – like Citibank – with an infusion of $20 billion in cash and more than $300 billion in loan guarantees, you’ve got to wonder how Citi’s competitors feel about…

Everyone lines up for a bailout

By Steve McGough / November 17, 2008 /

The day the $750 billion dollar federal bailout figure was mentioned, every single Fortune 100 company, state and city chief financial officer started planning. Not only would this level of federal involvement in these institutions be unprecedented, it would actually dramatically change the way everyone did business. Let’s say you owned a small ice cream…

Questions about the bailout? Look no further

By Steve McGough / October 1, 2008 / Comments Off on Questions about the bailout? Look no further

I can’t even comprehend how many people have given up trying to figure out what is going on with the economy. What the common folk have decided is simply “government knows best” – and they seem to be willing to put their lives and fortunes into the hands of the political elites. We can argue…