Archive for the Ethics Category
Toyota Tells California Man to Pump Breaks on Story
Embattled automaker Toyota has roundly rejected the account of a California man who claimed his Toyota Prius accelerated well out of control last week. Toyota initially investigated the report, but after it was not feasible to recreate the mishap with the vehicle, Toyota declared that the man’s story was likely incorrect.
The hybrid allegedly accelerated to [...]
GMAC Executive Compensation Curtailed
This is a dark day for the wealthy executives of GMAC Inc. the former financing arm of the U.S. automaker GM.
The Obama administration’s pay czar is limiting 2010 compensation for top executives at GMAC Inc. because the auto finance giant continues to lose money and can’t yet repay its $16.3 billion taxpayer bailout, according to [...]
Sen. Dodd Ponders Next Move for Financial Regulation Bill
Chris Dodd is no stranger to controversy in these final months of his political as a senator. After Dodd all but abandoned a re-election bid due to dismal chances of winning, it was thought that his political clout was also relegated to the same level of effectiveness.
But senator Dodd has at least been legislatively active [...]
Short Sales Just Got Shorter
When congress realized the housing bubble was truly burst two years ago, they immediately set about making sure the damage was repaired quickly, effectively, and to the benefit of the American homebuyer, the vanguard of the American Dream.
Two years later rules take effect to quickly stop people from losing their…well maybe quickly isn’t the right [...]
Should the Government Have Closer Eye on Car Safety?
In the wake of Toyota’s devastating recall and subsequent quagmire of issues, many have wondered if regulatory agencies were effective in bringing the problem to light, and who should bear responsibility for the future in these kinds of safety lapses.
Government vehicle safety regulators may seek greater authority to investigate defects in cars and trucks and [...]
The Fall of Lehman Brothers Further Explained
There are still many Americans who are not quite sure how a company such as Lehman Brothers finds itself on the brink of ruin, people who still aren’t able to connect the dots as to the how or why of this company’s catastrophic fall. A recently released 2,200-page document that lays out, in new and [...]
Citigroup Repays More TARP Debt
Investors’ enthusiastic reception for Citigroup’s sale of $2 billion of trust preferred securities Wednesday takes the once-sputtering bank another step closer to repairing its balance sheet and repaying taxpayers the billions still owed. But it has many more steps ahead before it can say it is truly out of dark waters.
Trust preferred securities, or TRUPs, [...]
