Today we are piecing together two seemingly unrelated news stories that ran on successive days -- because they will lead us to a solution for finally getting to the bottom of the financial crisis that has crippled our nation and the world.
The first story appeared on November 11. Just one day after the federal government announced its restructuring of the bailout of insurance carrier AIG (American International Group, Inc.), bringing our total rescue effort to of the insurance and financial services giant to $150 billion, ABC News' crack investigative correspondent Brian Ross reported that executives of AIG held yet another executive retreat at yet another luxury resort.Read More
While America's auto manufacturers and other companies are begging Washington for bailouts, the liberal-derided Wal-Mart Stores Inc. is making money hand over fist, providing the nation with more jobs than any other employer and doing something else very, very positive: serving the poor.
Times are getting harder, people want cheap stuff, and the place they find it is at Wal-Mart, which boasted a 9.8 percent increase in earnings and a 7.5 percent increase in sales the third quarter, according to The Wall Street Journal.Read More
This could only happen in America.
The insurance giant AIG that is more than a little responsible for the current economic crisis reportedly has decided to lay out $503 million of early deferred compensation to top employees so they won't abandon a ship that is being kept afloat only by billions upon billions of taxpayer dollars.Read More