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Bonuses

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.

Larry Summers' Ludicrous View On AIG Bonuses

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

If not for the taxpayer, AIG would be bankrupt, and the folks holding those contracts would be standing at the end of the creditor line.

Upset with AIG? How About Your Bailout Funds Supporting Tiger Woods and Europe's Soccer Stars?

James Warren | Posted 05.25.2011 | Business
James Warren

There are few topics more fit for bailout-inspired vitriol than the sports marketing and sponsorship deals bargained by financial services firms and automakers surviving due to taxpayer largess.

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.

Tim Geithner Needs To Answer For AIG

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

Americans will justifiably ask who got us into this mess. The answer, in part, is the same man who has yet to come up with a coherent plan to get us out of it:

Getting Lehman Wrong a Second Time

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The sums of money going to bail out the financial industry dwarf the waste and pork that get John McCain and other budget hawks excited. Yet they are strangely calm about the bailout money.

Lame Excuses for AIG Bonuses

Amitai Etzioni | Posted 05.25.2011 | Business
Amitai Etzioni

Public morality falls to a new low-level when outrageous acts are revealed but rather than being soon corrected -- they are excused.

How to Stop AIG's Bonuses

Bill Black, Tom Ferguson, Rob Johnson, Walker Todd | Posted 05.25.2011 | Business
Bill Black, Tom Ferguson, Rob Johnson, Walker Todd

Today the task is to stop a grotesque abuse before it is too late. The path we outline here would do it, without throwing markets into turmoil.

Why Obama Was Smart to Come Out Strongly Against the AIG Bonuses

Mitchell Bard | Posted 05.25.2011 | Politics
Mitchell Bard

The Republicans were going to grab onto the populist anti-bank feelings in the country to position themselves as the party of the people, with the Democrats being cast as the party of the bankers.

Good Work, AIG!

Jonathan Richards | Posted 05.25.2011 | Politics
Jonathan Richards

The bonuses may seem greedy, but look what quality stuff they're producing!...

Fake Outrage by Politicians About AIG Bonuses

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

Time after time, Bush, Obama and Congress had an opportunity to attach limits on executive pay to legislation authorizing bailout money. And time after time, they refused. So, spare me the outrage.

Lifting the Tarp: Will President Obama's Economic Team Lead Him Off a Cliff?

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

The outrage over the AIG bonuses is a sideshow. The larger problem, both financially and politically, is the entire strategy for rescuing the banks. Obama needs to get a second opinion.

The Real Scandal of AIG

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

When our very own Secretary of the Treasury cannot make stick his decision that AIG's bonuses should not be paid, only one conclusion can be drawn: AIG is accountable to no one.

Ain't I Greedy!

Robert S. McElvaine | Posted 05.25.2011 | Business
Robert S. McElvaine

Ever since AIG entered the public consciousness in a very negative way last fall, people have been wondering what the initials stand for.

Larry Summers: Stop the AIG Bonuses. Yes You Can.

Aaron Zelinsky | Posted 05.25.2011 | Business
Aaron Zelinsky

Larry Summers claims that nothing can be done about the AIG bonuses. As a former Secretary of the Treasury, he should know better.

AIG Bonus Scandal Spotlights the Bankruptcy of Wall Street's "Greed is Good" Values

Robert Creamer | Posted 05.25.2011 | Business
Robert Creamer

Greed was never good. Normal people know that, but it has been completely lost on the Wall Street crowd and the American economic elite.

Whatever It Is, Republicans Are Against It!

Dave Astor | Posted 05.25.2011 | Comedy
Dave Astor

When congressional Republicans oppose President Obama on almost everything, they argue that they're doing so for legitimate reasons -- not because they're just being anti-Barack or anti-Democrat.

The Flaw in the System: The Bankers Don't Care About the Banks

Cenk Uygur | Posted 05.25.2011 | Business
Cenk Uygur

If you were going to make ten million dollars in bonuses for taking high risks with other people's money, would you do it? The answer invariably is -- hell yes!

Change FICO Credit Scoring to Stimulate Economy and Address Housing and Banking Crisis

Ronald B. Robinson | Posted 05.25.2011 | Business
Ronald B. Robinson

Republicans are proposing a 4% home mortgage Ponzi scheme that's the modern day version of "40 acres and a mule." It's every bit the false promise that dashed the hopes of ex-slaves after the Civil War.

In New Terror Video, AIG Demands Huge Ransom from U.S.

Andy Borowitz | Posted 05.25.2011 | Comedy
Andy Borowitz

In the four-minute tape, a man believed to be the chairman of AIG says that if his organization is not paid its ransom, "chaos and destruction will rain down on the American economy."

President Obama: Sign New Emancipation Proclamation to Free Us From Debt Slavery and Free-up the Economy

Ronald B. Robinson | Posted 05.25.2011 | Politics
Ronald B. Robinson

Mr. President, help us create "a more perfect Union" from the "bottom-up." You can be the Lincoln of our times and free us from the greed and "top-down" bondage that has brought us here.

America's Most Stimulated

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

I don't think anybody truly understands where the benefits of the stimulus will be felt most immediately, but if the thing creates even half the number of jobs that the president thinks, it will that will be a good thing.

Wealth Without Wall Street

Don McNay | Posted 05.25.2011 | Business
Don McNay

There has been a long and irreversible trend toward small, entrepreneurial businesses, located far from money centers. Instead, Washington keeps throwing money at these "too big to fail" money losers.

Bonuses: Not Just A Wall Street Indulgence

Stephen Herrington | Posted 05.25.2011 | Business
Stephen Herrington

The whole culture of bonus incentives has exacerbated the decline of American business leadership into a culture of peri-criminal opportunism.

Who Gave the Winners Another Pass on Taxes?

David M. Abromowitz | Posted 05.25.2011 | Politics
David M. Abromowitz

Now we are on the verge of needing to borrow massively to try to turn around the faltering economy, what has happened to the tax fairness part of the agenda?