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Bonus Outrage

Obama On AIG: "The Buck Stops With Me" (VIDEO)

AP | JENNIFER LOVEN | Posted 05.25.2011 | Politics

WASHINGTON — President Barack Obama said Wednesday no one in his administration created the mess at insurance giant AIG, including the much-mali...

Limbaugh Defends AIG From "Lynch Mob ... Ginned Up By Obama"

The Huffington Post | Rachel Weiner | Posted 05.25.2011 | Politics

Anger at American International Group knows no party lines. But one top Republican isn't joining in. On Monday and Tuesday, Rush Limbaugh defended the...

Sam Stein

Dodd: Treasury Officials Insisted On Weakening Bonus Provision

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

The Treasury Department demanded that Sen. Chris Dodd insert exemptions into the stimulus bill that allowed bailout recipients to receive bonuses, the...

Ryan Grim

AIG Won't Release Names Of Executives, Citing Death Threats

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

Members of a congressional panel interrogating AIG CEO Edward Liddy on Wednesday repeatedly asked that he release the names of executives who were on ...

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...

Nationwide Protests Against AIG, Citi, BofA: Send In Your Reports

Matthew Palevsky | Posted 05.25.2011 | Politics

Outrage at Wall Street is reaching a fevered pitch. Watching AIG executives receive million dollar bonuses as millions of Americans face unemployment...

Jason Linkins

Colbert Will Hunt Down AIG Bonus Babies With Pitchforks (VIDEO)

HuffingtonPost.com | 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!

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,...

Reid: Congress Intends to Retrieve Stimulus Money From AIG

Posted 05.25.2011 | Politics

Senate Democratic Leader Harry Reid said Tuesday Congress will force executives of American International Group to pay back at least some of the $165 ...

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...

Sam Stein

Wyden: My Bill Could Have Prevented AIG Mess

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

Additional reporting by Arthur Delaney Senator Ron Wyden said on Tuesday that the furor surrounding AIG's bonus payments could have been avoided had...

House Republicans Planning To Try To Force Treasury To Recoup AIG Bonuses

The Plum Line | Posted 05.25.2011 | Politics

Looks like House Republicans are about to make a big political move on the AIG issue by trying to compel the Treasury Department to try to recoup thos...

Grassley: AIG Execs Should Quit Or Commit Suicide

AP | NIGEL DUARA | Posted 05.25.2011 | Politics

IOWA CITY, Iowa — Sen. Charles Grassley wants AIG executives to apologize for the collapse of the insurance giant _ but said Tuesday that "obvio...

AIG Staff: We Deserve This Money

The Hill | Ian Swanson | Posted 05.25.2011 | Business

AIG's new management team last year proposed that its employees give up their "retention" bonuses, or at least reduce them. The response from the 370 ...

Ryan Grim

House Tax Chairman Opposes Using Tax Code To Recoup AIG Bonuses

HuffingtonPost.com | 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...

Sam Stein

Santelli, Sen. Kyl Push Back Against "Outrage" Over AIG Bonuses [UPDATE]

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

UPDATE: Rick Santelli appeared on MSNBC this afternoon to respond to criticism over his AIG remarks. "The people who love to misinterpret you are alre...

Ryan Grim

Dems Fear AIG Greed Could Imperil Global Recovery Effort

HuffingtonPost.com | 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...

Ryan Grim

Hoyer Wants To Shame AIG Into Returning Money

HuffingtonPost.com | 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...

Thomas B. Edsall

AIG Bonus Bombshell Raises New Questions About Goldman Sachs

HuffingtonPost.com | Thomas B. Edsall | Posted 05.25.2011 | Politics

Decisions made during the final months of the Bush administration created an environment in which the most politically connected investment banks, Gol...

Arthur Delaney

White House Adviser: AIG Deserves 'Nobel Prize For Evil'

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Politics

A top White House economic adviser said in a CNN interview today that the people behind American International Group's financial products division des...

Barney Frank On AIG: "Maybe It's Time To Fire Some People"

AP | Posted 05.25.2011 | Politics

WASHINGTON — Rep. Barney Frank charged Monday that a decision by financially strapped insurance giant AIG to pay millions in executive bonuses a...

Sam Stein

Cuomo To AIG: Give Me Information Or Face Subpoenas, Court

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

UPDATE 4:28 P.M.: As New York Attorney General Andrew Cuomo's 4 P.M. deadline has not been met, he will be issuing subpoenas. "Four o'clock has come a...

National Outrage Forces Obama Administration To Act On AIG Bonuses

Huffington Post | Nicholas Graham | Posted 05.25.2011 | Politics

Faced with a growing chorus of national outrage, the Obama administration has changed its position regarding the $165 million in bonuses that AIG is d...

Obama Speaks On AIG: "How Do They Justify This Outrage?" (VIDEO)

AP/The Huffington Post | Posted 05.25.2011 | Politics

WASHINGTON - President Barack Obama declared Monday that insurance giant American International Group is in financial straits because of "recklessness...

Sam Stein

AIG Outrage Dominates Sunday Shows

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

Republicans and Democrats alike expressed "outrage" with the news that insurance giant AIG had decided to pay out $165 million in bonuses despite rece...