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POPSWelfare For Big Business Is Popular The logic of bailing out Wall Street is that finance underpins everything. Detroit cannot begin to make that claim. But, given its successful lobbying, can it be long before ailing airlines and failing retailers join the queue?
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POPSBank Executives Receive Pay Deals Worth $70bn Dear Wall Street: Hank Paulson effectively set your 2008 bonus to zero when he offered you government money you couldn’t refuse. Sure, you could go ahead and pay yourself $5 million, but that is spare change in your world and hardly worth five years of various Senate and House committee subpoenas.
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POPSWall Street: Fall of the Fat Cats Some of the most superficial people in the world may be hurt if we don't act fast and bail them out. Watch CNN tomorrow night from 8-9pm to see Win. The CNN: Special Investigations Unit will be covering the Wall Street meltdown. CNN: Special Investigations Unit – Fall of the Fat Cats Premiere: Saturday, Oct. 18 at 8pm. Replay: Sunday, Oct. 19 at 8pm In Fall of the Fat Cats, CNN investigative correspondent Abbie Boudreau and CNN anchor Rick Sanchez take a critical look at the excesses in lifestyle of some Wall Street insiders.
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POPSS.E.C. Concedes Oversight Flaws Fueled Collapse The announcement was the latest illustration of how the market turmoil was rapidly changing the regulatory landscape. In the coming months, Congress will consider overhauls to the regulatory structure, but the markets and the regulators are already transforming it in response to events.
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POPSNeed a Job? $17,000 an Hour. No Success Required. John Kenneth Galbraith, the great economist, once explained: “The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself.”
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POPSWall Street Shaken Over Health Insurers Profit Margins The nation's largest publicly traded health plans say they don't plan to temper premium increases for the sake of keeping members on their rolls -- particularly not while they are under pressure from Wall Street over what it sees as their disappointing earnings. Wall Street analysts were shaken over the long-term prospects of the health plan business after bellwethers WellPoint and UnitedHealth Group, the nation's two largest private-pay plans, reported less-than-expected profits from the first three months of this year. ...most say their risk-based commercial numbers -- representing traditional employer health benefits -- are declining or are not growing as quickly as anticipated. But health insurers say cutting premiums or reducing the rate of increase to keep customers would affect their bottom lines more than losing some members over premium hikes.