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Aig Bonuses

Smoking Gun Points to Geithner

Earl Ofari Hutchinson | Posted 05.25.2011 | Politics
Earl Ofari Hutchinson

How long will and should Obama continue to defend Geithner in the face of the smoking gun proof of what he knew about AIG and when he knew it?

90% Tax? Now, We Really are Screwed

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

The frantic passage of the Populist Rage Tax was a new low in the US government's response to this crisis.

AIG Gives Staff Deadline On Bonus Payback Decision

CNBC | Posted 05.25.2011 | Business

Management at American International Group's financial products unit asked its employees to let the unit know by 5 p.m. on Monday if they plan to retu...

Corporate Government Reform

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

Debate about the House tax bill and about earmarks is a striking reminder to us that governance in this country is at risk of going off track.

Arthur Delaney

New Bill Would Ban All Bailout Bonuses | Arthur Delaney | Posted 05.25.2011 | Politics

Rep. Barney Frank's Financial Services Committee will take up a new bill next week to ban bonuses at any companies benefiting from federal bailout fun...

Hank Greenberg: AIG Bonuses Were "Based On Performance"

AP | Posted 05.25.2011 | Business

WASHINGTON — Former AIG chief executive officer Hank Greenberg said the company under his leadership never had the kind of retention bonus syste...

GOP Fissure Over AIG Bonuses

The Huffington Post | Rachel Weiner | Posted 05.25.2011 | Politics

The AIG bonus scandal is dividing congressional Republicans internally and spurring frustration in the broader conservative movement, with the most re...

A Second Act for Spitzer?

James Moore | Posted 05.25.2011 | Politics
James Moore

There is an attorney who can get to the bottom of our current financial crisis and lay the blame and guilt at the foot of the culprits. Eliot Spitzer, phone home.

Bernanke Dodges the Bullets

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

By fueling anger over AIG bonuses, Bernanke is playing a very old game. By aiming at AIG, he is distracting public anger from the Federal Reserve. He is protecting his reputation and legacy.

AIG Bonuses Spark Chicago Street Protest (VIDEO)

AP | Posted 05.25.2011 | Chicago

Several hundred workers have protested outside Chicago-area financial institutions, calling for an end to corporate bailouts. The Service Employees I...

It's Gut-Check Time

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

Right now Obama is trying to walk on an incredibly narrow line with no safety net beneath, but this is gut-check time: he has to decide which side he's on.

The New American Witch Hunt

Lisa Solod | Posted 05.25.2011 | Business
Lisa Solod

Senator McCarthy almost brought our country down searching for a Red Menace that didn't exist. Let's not divert ourselves looking for little bad guys in the suburbs when we know where the real villians reside.

Treasury Learned of AIG Bonuses Earlier Than Claimed: Time

TIME | Massimo Calabresi / Washington Wednesday, Mar. 18, 2009 | Posted 05.25.2011 | Politics

Although Treasury Secretary Timothy Geithner told congressional leaders on Tuesday that he learned of AIG's impending $160 million bonus payments to m...

Many In Government Knew Weeks Ago About Huge AIG Bonus Program

New York Times | EDMUND L. ANDREWS and JACKIE CALMES | Posted 05.25.2011 | Politics

WASHINGTON -- The question was direct and prescient. Representative Joseph Crowley, Democrat of New York, asked the Treasury secretary in an open hear...

Will the Politicians Give Back Their AIG Bonuses?

Jamie Court | Posted 05.25.2011 | Politics
Jamie Court

Mr. President and members of Congress, it's time to give back AIG's political contributions.

Lessons from AIG

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

What is vital now is that the public's righteous anger is not expressed only as "no." There are a lot of things to which We The People do need to say "no." But we need a lot of "yes's," too.

Melissa Bean One Of Six Democrats To Vote Against Bill Taxing AIG Bonuses

Progress Illinois | Adam Doster | Posted 05.25.2011 | Chicago

In a vote to levy a 90 percent tax on the outrageous bonuses promised to executives of the insolvent American International Group, [Melissa] Bean was ...

Economic Credibility Gap: Obama Says People Are Angry About AIG, Axelrod Says No One Cares

David Sirota | Posted 05.25.2011 | Politics
David Sirota

On the biggest economic issues of the day, the administration is saying contradictory things, raising questions about who is really in charge in the administration.

Axelrod: People Don't Care About AIG Scandal

The Plum Line | Posted 05.25.2011 | Politics

Yesterday I noted that Rahm Emanuel had said that Obama saw the AIG fiasco as a "big distraction" from efforts to fix the economy. Later in the day, O...

Creep of the Week: AIG Bonus Grantor Edward M. Liddy

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

AIG Chairman Edward M. Liddy gets the Creep of the Week award for his stunning, overwhelming, dumbfounding display of cluelessness.

It's Bonus Time at AIG!

Rick Horowitz | Posted 05.25.2011 | Politics
Rick Horowitz

Let us suggest, Mr. President, that one man's "outrage" is another man's vacation home. And what some call "greed," others recognize as the lubricant that turns the wheels of commerce.

Obama "Takes Responsibility" for AIG? Getting Mad Is Not Getting Even...

Phil Bronstein | Posted 05.25.2011 | Politics
Phil Bronstein

It's good to hear Obama take responsibility, but after the previous "I screwed up" and a few more "buck stops here," the value of that buck's worth might soon diminish.

Geithner: Treasury Pushed For Bonus Loophole (VIDEO)

Huffington Post/CNN | Posted 05.25.2011 | Politics

In an interview with CNN's Ali Velshi Thursday, Treasury Secretary Timothy Geithner confirmed that his department had pushed Sen. Chris Dodd to add a ...

AIG Counter-Party Payments Worse than Bonuses

Jeffrey Feldman | Posted 05.25.2011 | Business
Jeffrey Feldman

When the key points of the AIG counter-parties list finally sink in to the American population, there is going to be a run on torches and pitchforks at local hardware stores.

Ryan Grim

Pelosi Pins AIG Loophole on Senate, White House | Ryan Grim | Posted 05.25.2011 | Politics

House Speaker Nancy Pelosi (D-Calif.) spoke with reporters Thursday to make what she sees as a crucial point regarding the stimulus language that ulti...