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Aig Federal Bailouts

European Attacks on U.S. Regulators Must Not Be Allowed to Weaken U.S. Derivatives Rules

Dennis M. Kelleher | Posted 08.24.2013 | Business
Dennis M. Kelleher

This is little more than a brazen attempt to bully U.S. regulators into delaying and weakening U.S. rules, which, as Senator Elizabeth Warren has pointed out, must not happen.

The "Populists" Are Right About Wall Street

Thomas Frank | Posted 05.25.2011 | Business
Thomas Frank

How has a popular Democratic president with a convincing electoral mandate failed to translate the opportunities of recent events into the "change" for which voters clamored?

Pendulum Swings Against Business, Banks, and Bonuses

Tim Berry | Posted 05.25.2011 | Business
Tim Berry

Anybody who hasn't been living in a cave knows how bonuses got a bad name: excess and greed in large business. But what those of us in small business, where a bonus is a reward for a job well done?

AIG Bonus Money is Kid's Play: Literally

Jennifer Delaney | Posted 11.17.2011 | Healthy Living
Jennifer Delaney

If AIG were to donate the 418 bonuses to charity, it would be a brilliant preemptive PR move to neutralize its current out of touch public persona. Here's what the money could provide.

If We 'Kill the Rich', Don't We Kill the Dream?

Vicky Ward | Posted 05.25.2011 | Business
Vicky Ward

New York is the national epicenter of ostentation and consumerism. Now those qualities are considered tasteless. Wealth has become a dirty word.

Take the Steering Wheel out of Geithner's Hands

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

Tim Geithner's actions throughout his career, including his time as Treasury Secretary, are proof that the toxic thinking that got us into this mess is part of his DNA.

Geithner's Last Stand

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

The indignation over AIG will serve a useful purpose if it focuses public attention on the much larger issue of the failure of the entire approach that Tim Geithner and Larry Summers are using to rescue the banking system.

Capitalism and Moral Sentiments

Jeffrey Sachs | Posted 05.25.2011 | Business
Jeffrey Sachs

The fascinating thing about this Wall Street greed is that it is so deeply ingrained that neither the bankers themselves nor our economic leadership understands just how disgusting and dangerous it is.

A Real Simple Solution to the AIG Bonus Mess

Andy Ostroy | Posted 05.25.2011 | Politics
Andy Ostroy

Rather than allow these bonuses to remain intact or to take them away outright, how about deferring them until the companies and their troubled business units turn their financial fortunes around?

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.

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?

Goldman Sachs, Obama, Money

Bob Ostertag | Posted 05.25.2011 | Politics
Bob Ostertag

Have things changed so dramatically that Obama will have room to dump his biggest campaign contributers overboard? That question will be answered in the coming weeks.

Defining Extravagance Up

Jamie Malanowski | Posted 05.25.2011 | Politics
Jamie Malanowski

It's admirable that our leaders now want to be frugal with our money but let's remember what the taxpayers themselves have been buying with money not rendered unto Uncle Sam.

The Politics of the Populist Moment

David Sirota | Posted 05.25.2011 | Politics
David Sirota

I appeared on ABC's World News Tonight and ABC's Nightline last night about the economic meltdown. You can watch the Nightline clip here. As I've wri...

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.

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.

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.

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.

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.

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.

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.

Taxing Bonuses: A Matter of Fundamental Fairness

Rep. Earl Blumenauer | Posted 05.25.2011 | Politics
Rep. Earl Blumenauer

Giving out $18 billion in bonuses at a time when ordinary Americans have seen their life savings collapse is outrageous. To give out these bonuses using federal bailout money is over the edge.

Why AIG and Jim Cramer Matter

Lincoln Mitchell | Posted 05.25.2011 | Politics
Lincoln Mitchell

The new economy, the one that not only gets us out of this crisis, but keeps us out of the next, will not have a place for either AIG type bonuses or Jim Cramer-type journalism.

Come, Shoot the Messengers!

Norman Lear | Posted 05.25.2011 | Business
Norman Lear

Let's take back some 70 odd bonuses and fail on all sides to see the systemic disease that got us here: short-term thinking and the lunatic need for a profit statement this quarter considerably larger than the last.


Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

Lincoln, FDR, and LBJ all did what they had to do, played the hardball that had to be played, to change the country. Obama should follow their example.