Month: December 2008

What a year for corporate criminality and malfeasance! As we compiled the Multinational Monitor list of the 10 Worst Corporations of 2008, it would have been easy to restrict the awardees to Wall Street firms. But the rest of the corporate sector was not on good behavior during 2008 either, and we didn’t want them…

Thank you, George Bush. The federal government is finally acting to protect the auto industry from failure. The $17.4 billion in loans for GM and Chrysler is not going to be enough to rescue the industry — but it will keep these companies going until the next administration takes office. The Big Three will be…

Nancy Pelosi says the Congressional Republicans are playing Russian Roulette with the economy by refusing to agree to an auto industry bailout. But for that metaphor to work, you have to add that they’ve loaded the gun with six bullets. The only hope is that someone — Treasury Secretary Henry Paulson or Federal Reserve Chair…