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Aig Bonuses

AIG To Sell New York Headquarters

AP | J.W. ELPHNSTONE | Posted 05.25.2011 | Business

NEW YORK — AIG said Wednesday it's putting its downtown Manhattan headquarters and a nearby office building on the sales block. Mark Herr, spok...

Douglas Poling, AIG Executive Who Received $6.4M Bonus, Will Return Payment: Report

Wall Street Journal | RANDALL SMITH and LIAM PLEVEN | Posted 05.25.2011 | Business

Some top employees of American International Group Inc.'s disgraced Financial Products group have agreed to return hefty retention bonuses under mount...

Who Is AIG's $6.5 Million Man?

The Huffington Post | Matthew Palevsky | Posted 05.25.2011 | Politics

**UPDATE: Mystery Man Revealed** On Wednesday, The Wall Street Journal reported that a number of AIG executives have decided to return their controve...

Obama Seeks Legal Authority To Stop Future Bonuses

Wall Street Journal | JONATHAN WEISMAN | Posted 05.25.2011 | Business

President Barack Obama said he will seek legal authority over the financial system that will give the federal government power to step into contract i...

Jason Linkins

Scritti Politti: March 18, 2009 | Jason Linkins | Posted 05.25.2011 | Politics

With AIG bonuses and The Wire on my mind, one place I was itching to browse out to was the Freakonomics blog, where Sudhir Venkatesh has been keeping ...

Tax the Bonuses

Kirk Stambler | Posted 05.25.2011 | Politics
Kirk Stambler

Amid all the hand-wringing about whether or not the government has the power to stop AIG from paying bonuses to the very people who helped precipitate...

Ryan Grim

House Passes Bill Taxing AIG Bonuses, Republicans Switch Votes In Droves | Ryan Grim | Posted 05.25.2011 | Politics

The House overwhelmingly passed legislation on Thursday to tax bonuses paid out by AIG and other bailed-out firms at a rate of 90 percent. "We want ou...

A Disturbing D.C. Whodunit [Update II]

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

The mystery over who killed a provision in the stimulus package that would have curtailed bonuses at bailed out companies is a disturbing D.C. whodunit. But even more disturbing is what it reveals about how our government is run.

AIG: How A Meme Spreads | Posted 05.25.2011 | Media

One of the cool features at Memeorandum, my favorite aggregator of political content, is that you can warp back to any previous point in time to see w...

What Did Geithner Know and When Did He Know It?

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

Geithner got into this trouble because he saw Wall Street as his main constituency rather than the American people.

Put Down the Pitchforks!

Howard Schweber | Posted 05.25.2011 | Politics
Howard Schweber

Once the decision was made to avoid receivership, honoring existing contracts was exactly what Obama promised his administration would deliver: the Rule of Law.


Francine Hardaway | Posted 05.25.2011 | Politics
Francine Hardaway

This poor dude Liddy, who retired from Allstate and came back to run AIG and be a hero for his country. I bet he's really sorry now. I'm listening to...

How to Recoup the AIG Bonuses

Daniel J. H. Greenwood | Posted 05.25.2011 | Business
Daniel J. H. Greenwood

Let's get real. This may be a nation of laws, but contracts are not sacred, and employment contracts are less sacred than any.

Ryan Grim

Hoyer Wants To Shame AIG Into Returning Money | Ryan Grim | Posted 05.25.2011 | Politics

Democrats in Congress are looking at "all options" to recoup the bonus payments made to AIG executives, House Majority Leader Steny Hoyer (D-Md.) told...

AIG Bonuses: Scandal Spurring Gov To Rein In Bailout Funds

AP | PHILIP ELLIOTT | Posted 05.25.2011 | Business

WASHINGTON — The Obama administration says it's trying to put strict limits on the next $30 billion installment in taxpayers' money for insuranc...

Ryan Grim

Dems Fear AIG Greed Could Imperil Global Recovery Effort | Ryan Grim | Posted 05.25.2011 | Politics

In hoping to prevent a global economic collapse, Congress and the president have had to walk a fine line. On one side is bubbling populist rage at fai...

Dangling from the AIG Noose - Our Slow and Painful Strangulation

Sheila Tendy | Posted 05.25.2011 | Business
Sheila Tendy

Where are these AIG contracts, anyway? They should be put in the public domain so every lawyer in America can give an opinion about their meaning and validity.

Marcus Baram

Cuomo Reveals AIG Details: 73 Employees Got Multi-Million-Dollar Bonuses | Marcus Baram | Posted 05.25.2011 | Business

AIG's assertion that it had no choice but to make multi-million dollar bonus payments was undercut this afternoon by New York Attorney General Andrew ...

Jason Linkins

Colbert Will Hunt Down AIG Bonus Babies With Pitchforks (VIDEO) | Jason Linkins | Posted 05.25.2011 | Politics

"Nation," Colbert urged, "follow me, and I will make us a mob so big, it cannot fail." We'll all remember having this good laugh as the world collapses around us!

Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

ABC News | JAKE TAPPER | Posted 05.25.2011 | Politics

Sources in the Obama administration Tuesday said that despite previous media reports administration officials did not know until a couple weeks ago th...

Ryan Grim

House Tax Chairman Opposes Using Tax Code To Recoup AIG Bonuses | Ryan Grim | Posted 05.25.2011 | Politics

Rep. Charlie Rangel (D-N.Y.) tried to get out in front of a congressional mob on Tuesday. Democrats in both the House and Senate have been calling for...

Beyond Clawback: Using the Tax Code More Expansively to Address AIG Bonuses

Paul Abrams | Posted 05.25.2011 | Business
Paul Abrams

The much-reviled US tax code contains within it thousands of treatments and exclusions that enable subclasses of people to enjoy deductions, credits or even exclusions from paying taxes.

AIG Underscores the Need for Real Time Financial Accountability

Rep. Carolyn Maloney | Posted 05.25.2011 | Business
Rep. Carolyn Maloney

With so much confusion in the financial marketplace, one thing is apparent: the American people deserve to know what government-supported banks are doing and how our tax dollars are being used.

Chuck Grassley: AIG "Sucking The Tit Of The Taxpayer" (VIDEO)

The Huffington Post | Rachel Weiner | Posted 05.25.2011 | Politics

On Monday, Sen. Chuck Grassley (R-Iowa) got in some trouble for saying that AIG executives should resign or "commit suicide." On Tuesday he clarified,...

Unacceptable Excuse of the Day

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

The ongoing AIG mess provides us with an interesting sidelight today -- the use of an excuse that is no longer acceptable in the unwired global universe in which we now live.