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Bonus Outrage

Bernanke, Geithner Testify On Bank Plan, AIG (LIVE VIDEO)

The Huffington Post/MSNBC | Posted 05.25.2011 | Politics

Treasury Secretary Timothy Geithner, Federal Reserve Chairman Ben Bernanke and William Dudley, president of the Federal Reserve Bank of New York, appe...

AIG's Six Year Saga Of Alleged Fraud

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

The recent outcry over $165 million in post-bailout bonus payments has put AIG on the hot seat. But, in fact, the bonus disbursement is perhaps the l...

Should White House Employees Keep Their Bailout Bonuses?

New York Times | Charles Savage | Posted 05.25.2011 | Politics

The hot-button issue of year-end bonuses from firms that took bailout money may not just be a headache for Wall Street. It could also become a White H...

Ryan Grim

Sign Of The Times: Bernanke Endorses Executive Compensation Reform

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

While the federal government works to pull the economy out of recession, there is a parallel effort, which receives less scrutiny but will arguably ha...

Goldman Sachs Planning To Return TARP Money: "Impossible To Run Our Business In This Environment"

NY Times | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

Any good news these days -- not that there is much -- seems to come with an asterisk. The market is popping, but, as some bears ask, is it just a setu...

UPDATED: 15 Of 20 Top AIG Bonus Recipients Returned The Money

Huffington Post | Marcus Baram | Posted 05.25.2011 | Business

Fifteen of the largest 20 bonuses distributed by AIG, totaling about $30 million of their payments, have been returned, according to New York Attorney...

Sam Stein

Geithner Won't Endorse Bonus Tax Bill, Says Right Balance Will Be Found

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

Treasury Secretary Timothy Geithner refused to endorse a congressional effort to heavily tax bonuses issued by TARP recipients, saying that the govern...

AIU Holdings: AIG Creates New Name To Avoid PR Disaster

Huffington Post | Stuart Whatley | Posted 05.25.2011 | Business

Following up Ryan Grim's report from Congress last week that AIG chief Edward Liddy was looking to change the company's "thoroughly wounded and disgra...

Americans Not Blaming Obama For AIG: Poll

The Huffington Post | Rachel Weiner | Posted 05.25.2011 | Politics

Americans are angry about AIG, and they want the government to stop the bailed-out firm's executives from getting bonuses. But according to a new USA ...

Obama Dials Down Wall Street Criticism

Wall Street Journal | MONICA LANGLEY | Posted 05.25.2011 | Politics

WASHINGTON--The Obama administration, after months of criticizing Wall Street, has been scrambling to woo top bankers and financiers to back its lates...

Summers To Bloomberg TV: Investors In Geithner Plan Exempt From Compensation Limits

Bloomberg | Chris Antsey | Posted 05.25.2011 | Business

White House National Economic Council Director Lawrence Summers said that investors in the Public-Private Investment Program won't be subject to the c...

Arthur Delaney

Geithner Pressed On Bank Plan In CNBC Interview (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Politics

Amid increasing public skepticism about his ability to lead the president's economic recovery effort, Treasury Secretary Timothy Geithner is going on ...

Sam Stein

VP Economic Adviser: Bonus Tax 'May Be Dangerous'

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

Jared Bernstein, chief economic adviser to the vice president, offered on Sunday the strongest White House pushback yet to the bonus tax bill passed b...

Obama Plans Sweeping New Regulations Of Executive Pay

New York Times | STEPHEN LABATON | Posted 05.25.2011 | Politics

The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a ...

Arthur Delaney

New Bill Would Ban All Bailout Bonuses

HuffingtonPost.com | 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...

Arthur Delaney

Activists Hosting 'Bus Tours' Of AIG Executives' Homes

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

On Saturday, the Working Families party is organizing a "Lifestyles of the Rich and Infamous" bus tour of Connecticut homes belonging to executives fr...

Krugman On Administration: 'Bad Analysis, Bad Policy, And Terrible Politics'

The Huffington Post | Rachel Weiner | Posted 05.25.2011 | Politics

Paul Krugman is back from Europe, and he comes out swinging in a blog post Friday. Of the bill that passed the House yesterday that would tax bonuses ...

Jason Linkins

CNBC's Haines Fights Dem Rep. Sherman On AIG Bonuses (VIDEO)

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Politics

Owning these CNBC hacks: it's not just for cable TV comedians anymore! Via the folks at TPM, here's video of CNBC's Mark Haines, who just cannot imag...

Top Geithner Aide Fought Obama's CEO Pay Reform

Mother Jones | —Nick Baumann | Posted 05.25.2011 | Politics

On Wednesday afternoon, as President Barack Obama was leaving the White House for a town hall meeting in California, he spoke for 15 minutes to report...

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 ...

Ryan Grim

Reid Defends Dodd, Stonewalls On AIG Language

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

Democratic leaders came to the defense of Sen. Chris Dodd (D-Conn.) on Thursday afternoon, focusing blame on the Federal Reserve for the AIG bonus sca...

Sam Stein

Dodd, Democrats Targeted For AIG Mess In GOP Talking Points

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

The Republican Party is going to great lengths to tie Democrats -- and Sen. Chris Dodd in particular -- to the lavish bonuses issued by bailed-out in...

Proposed Bonus Tax May Imperil Bailout

Washington Post | Shailagh Murray, Paul Kane and David Cho | Posted 05.25.2011 | Home

Congress moved yesterday to levy punitive taxes on bonuses paid by financial firms receiving government aid, threatening to undermine federal efforts ...

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 ...

Sam Stein

Congressman Claims 'Sphincters Are Tightening' As AIG Debate Turns Anatomical

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

The debate over what the White House and Congress should do about AIG's bonuses has turned...anatomical. Appearing on the floor of the House of Repr...