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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.

Elijah Cummings Knew About $1 Billion in AIG Bonuses for "Months" -- Why Didn't Timothy Geithner?

Jane Hamsher | Posted 05.25.2011 | Politics
Jane Hamsher

Cummings' statements, if true, mean that many journalists have been fed a bill of goods by their "anonymous" administration sources.

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.

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.

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 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...


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.

Sam Stein

Flashback: It Was Bush, GOP That Opposed Executive Compensation Caps | Sam Stein | Posted 05.25.2011 | Politics

It is a rather curious spectacle to see congressional Republicans express outrage at the exorbitant bonuses being handed out by bailed-out companies a...

CEO Bonus Pay Rises Despite Poor Performances (SLIDESHOW)

Huffington Post via WSJ | Julie Satow | Posted 05.25.2011 | Business

Several chief executives were handsomely paid last year even though their company performed terribly, the Wall Street Journal reports. By most mea...

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.

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...

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.

AIG, Populist Rage, and the Future of Banks

Howard Schweber | Posted 05.25.2011 | Business
Howard Schweber

Lately the torches-and-pitchforks voices have begun to drown out serious discussion. Time to take a deep breath or two: populist rage is a rotten basis for policy-making.

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.

Exclusive: Why I Deserve My Bonus

James Heffernan | Posted 05.25.2011 | Comedy
James Heffernan

OK, so I bagged a chunk of change: $4,605,321.54, to be exact. But I'm here to tell you that I earned every penny of it.

Should Obama Stop Trusting Geithner's Advice?

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

If the American people come to see the Obama administration as complicit in Wall Street's unethical behavior, then Obama's entire economic program could end up in shambles.

House of Chutzpah, House of Cards, or Back to the Future Again

Jessica Catto | Posted 05.25.2011 | Politics
Jessica Catto

The disgust burbled up at the callousness of Enron; it has been simmering ever since, and with AIG it has boiled over.

Arthur Delaney

Edward Liddy Avoids The B-Word | Arthur Delaney | Posted 05.25.2011 | Business

AIG CEO Edward Liddy, facing tough questions from a congressional panel reviewing the government-subsidized firm's $165 million in bonus payments, sai...

Ryan Grim

Threat Level Raised: AIG CEO Warns Of Dire Consequences If Company Fails | Ryan Grim | Posted 05.25.2011 | Politics

Edward Liddy, CEO of American International Group, warned a congressional panel Wednesday of "dire consequences" if the bailed-out insurer is allowed ...

AIG: The Media's Appalling Hypocrisy and Anti-Obama Bias

MJ Rosenberg | Posted 05.25.2011 | Media
MJ Rosenberg

For eight years, the Republicans gave unprecedented trillion dollar bonuses to the richest people in America. Where was the MSM's outrage then?

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.

Geithner Gives Away 2 Trillion While Country Screams About A Few Hundred Million At AIG

Ian Welsh | Posted 05.25.2011 | Politics
Ian Welsh

What Geithner is doing right now is similar to how a magician works. First he gets your attention on one thing "look, outrageous bonuses at AIG", then he does his trick while you're watching what he wants you to watch.

The Death of a Brand

James Moore | Posted 05.25.2011 | Business
James Moore

AIG's predicament will be studied for years to come in marketing and communications classes. When the president of the United States starts bad mouthing your brand, it's not going to survive.

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.

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.