Ely Rosenstock's Blog

I'm angry, like everyone else, that taxpayer money went to pay for big bonuses for AIG employees. I think most people, however, are angry at the wrong people. AIG, as much as they have screwed up, claims that all the bonuses that were given out were...

Remember all those skeptics who said that if we bail out the auto industry then all industries that suffered in this economy will come asking for money? Well....they were right. Larry Flynt and Joe Harris, seasoned pornographers, are asking Congress for...

I've spoken previously about beggars wasting money. Loyal Crastinate reader Joseph brought this story to my attention. Apparently, Citigroup, the same Citigroup that the government is giving a $20 billion bailout package to, is keeping their sponsorship...

My charity goes to charity organizations. It doesn't go to beggars on the street. Reason being is that I don't trust the people on the street. If I give them a dollar, how do I know they'll use it for their needs (food, shelter, ect...) and not their...

Treasury Secretary Henry Paulson announced today that there is going to be a change in the $700 billion bailout plan. In the bailout bill, it was written that the government planned on buying up the bad assets of banks as to wipe them off the books of...

One of the courses I'm taking this semester in my MBA program is Business Ethics. As you can expect, discussions in today's class focused somewhat on the recent events in the financial sector. Specifically, the bankruptcy of Lehman Brothers and the...