In another sign the economy has plumbed new depths, the rich (who, need it be said, aren't like you and me) have a new, high-tech way to unload their lavish wares -- the Internet. U.S. millionaires down on their luck and looking to offload those heirloom family jewels, or that underutilized limousine, can now turn to an online auction site exclusively for the jet set called BillionaireXchange.

CIT Group, the giant small business lender, filed for a "pre-packaged bankruptcy" Sunday night carrying some $71 billion in assets, after last ditch attempts to avert such an outcome failed. The development will keep the doors open at the 101-year-old small business lender, but there will be heavy losses, including, most likely, $2.3 billion in taxpayer bailout funds.

Of all the outrages to the American taxpayer in the last year, there is not one that can top the bailout of American International Group (AIG). After former Treasury Secretary Hank Paulson decided to let Lehman Brothers collapse 13 months ago in history's biggest bankruptcy ($639 billion), AIG -- with $1 trillion in assets -- was on the verge of toppling, too. Paulson saved it and we're all still paying.

How so? The threat of a downgrade of its debt repayment ability forced it to put up $14.5 billion in collateral against its Credit Default Swaps (CDSs) -- $14.5 billion that it didn't have. Rather than let AIG follow Lehman, Paulson decided to give it $85 billion for a 79.9 percent stake in the company -- a figure that eventually ballooned to $182 billion in U.S. taxpayer money.

In case you thought every day was Bosses Day, you've got another think coming. Friday is "officially" National Boss Day and to celebrate it, here are three CEOs who actually earned their pay and position by skillfully guiding their companies through the financial crisis. Read on to find out who they are.

In case you thought every day was Bosses Day, you've got another think coming. Friday is "officially" National Boss Day and to celebrate it, here are three CEOs who actually earned their pay and position by skillfully guiding their companies through the financial crisis. Read on to find out who they are.

After a spate of France Telecom employee suicides and criticism of a lacklustre response from management, the company's second-in-command resigns his post.