WreckingBallReport.com

Wow – surprising news on a Sunday night that we didn’t have to hear from the mouth of a crusty old 60 Minutes anchor. Obie One has apparently decided that GM and Chrysler’s plans for ‘viability’ – the equivalent of a doctor’s note that the car companies had to turn in in order to get [...]

AIG’s Jake DeSantis is a self-righteous wealthy person who likes to remind us how hard he works. This reminds us of numerous Hollywood stereotypes designed to make us dislike various wealthy characters so we can root for the plucky young working class hero. And that makes us really hate Hollywood for getting inside our heads,  [...]

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So Congress has approved a 90 % tax on those controversial bonuses paid to taxpayer-owned pariah AIG, in a law that goes after about a half-dozen dickwads who may have helped collapse the global economy. But the move is also being criticized as an improper use of legislative powers that undercuts our system of contract [...]

It seems the phrase “they just don’t get it” was made for these times we’re living in. For years, we thought it was mostly socially awkward teens and co-workers that “didn’t get it,” but only now are we beginning to understand the phrase’s true meaning. Now that we’re getting to know these first-rate inept crap [...]

So fraudster Bernard Madoff is officially guilty of bilking plenty of Americans out of billions, taking cash and promising to invest it and guaranteeing too-good-to-be-true returns. Of course, those returns came from other investors in a grand reverse pyramid Ponzi scheme that never actually invested in anything other than keeping Madoff neck deep in hookers, [...]