Aig Bailout on Huffington Post

Krugman: Romney's JPMorgan Stance 'Completely Clueless'

2012-05-21T06:24:32Z

Sometimes it’s hard to explain why we need strong financial regulation — especially in an era saturated with pro-business, pro-market propaganda. ...

Read more: Banking Regulations, JPMorgan Chase, Mitt Romney, Aig, Jimmy Stewart, Jamie Dimon, Paul Krugman, Dodd-Frank Regulations, Financial Regulations, Business News

Paul Krugman: This Is Why We Regulate Wall Street

2012-05-14T02:12:06Z

One of the characters in the classic 1939 film “Stagecoach” is a banker named Gatewood who lectures his captive audience on the evils of big gover...

Read more: Banking Regulations, JP Morgan Chase, Wall Street, Lehman Brothers, Banking, Federal Reserve, Aig, Banks, Jamie Dimon, Paul Krugman, Volcker Rule, Gilded Age America, Business News

This Bailout Could Really Pay Off For Taxpayers

2012-05-08T00:45:00Z

WASHINGTON, May 8 (Reuters) - U.S. taxpayers could realize a profit of more than $15.1 billion from the massive government bailout of insurer Americ...

Read more: Treasury Department, Video, Government Bailout, Reuters, Aig, Federal Reserve, American International Group, U.S. Taxpayers, Federal Reserve Bank of New York, Maiden Lane III, Government Accountability Office, Business News

U.S. To Sell Some Stock Of Bailed-Out Firm

2012-05-07T08:09:56Z

NEW YORK -- The Treasury Department is selling $5 billion worth of stock in bailed-out insurance giant American International Group Inc. for $30.50 pe...

Read more: Shares, Treasury Department, Video, American International Group Inc., Bailout, Insurance, Stock, Financial Crisis, Aig, Public Offering, Business News

Guess Who's Back? AIG's Profits More Than Double Last Year's

2012-05-03T16:50:00Z

* EPS on operating basis $1.65 vs $1.12 expected by analysts * 1st-quarter net income of $1.71/shr, vs 31 cents in 2011 ...

Read more: Video, Government Bailout, Earnings Season, Aig Earnings 1q 2012, Reuters, Business News, Aig, American International Group, AIG Earnings, Robert Benmosche, Business News

Race Discrimination Suit Against AIG Says Boss Called Lawyer 'Fat Albert'

2012-04-26T20:27:00Z

A former AIG lawyer is suing the insurance giant for discrimination, claiming colleagues and supervisors taunted him, mistreated him and ultimately fi...

Read more: Video, Race-Discrimination, Aig, Civil Suit, Federal Court, Law Suit, Discrimination, American International Group, Eeoc, Aig Racial Discrimination, Business News

Mitch Feierstein: Goldman & Friends

2012-03-29T13:38:03Z

Greg Smith's recent wail of resignation made it clear that Goldman Sachs has long lost touch with these simple truths. The thing is, though, you don't have to be a client of Goldman's to lose out, you just have to be, well, a human.

Read more: Goldman Sachs, Jon Corzine, Greece, Business News, Financial Crisis, Aig, Italy, Recession, Hank Paulson, MF Global, Banking, Banks, Volcker Rule, Glass-Steagall, Business News

AIG CEO: Americans Will Make Billions In Profit On Company's Bailout

2012-03-26T18:44:00Z

March 26 (Reuters) - AIG expects American taxpayers will end up with a profit of $5 billion to $10 billion on the company's 2008 rescue when all is ...

Read more: Business News, AIG Bailout, Bob Benmosche, Aig, Bob Benmosche Aig Ceo, Video, American International Group, AIG CEO, AIG Bailout Money, Reuters, Business News

Mitch Feierstein: Election 2012: Rhetoric, Confusion and Spin

2012-03-23T14:04:18Z

Political reality has this tricksy way of escaping from Hollywood's clutches.

Read more: Aig, Goldman Sachs, General Motors, Wall Street, 2012 Election, Business News, Elections 2012, Global Financial Crisis, Obama White House, Barack Obama, Politics News

Sheldon Filger: Goldman Sachs Director Resigns in Bombshell New York Times Op-Ed

2012-03-14T10:46:08Z

People usually resign from a position through a private letter to the boss. Greg Smith, a Goldman Sachs executive director, chose a different method: a powerful opinion piece on the editorial pages of the New York Times entitled, "Why I Am Leaving Goldman Sachs."

Read more: Goldman-Sachs, Aig, Fabrice Tourre, New York Times, Derivatives, Greg Smith, Goldman Sachs, Banking, Banks, Bankers, Goldman Sachs Director Resigns, Quit Job, Resignation, Business News

Warren Slams AIG Tax Break

2012-03-12T12:55:56Z

WASHINGTON -- Former members of a congressional panel that oversaw bailouts during the financial crisis blasted the Treasury Department on Monday for ...

Read more: Tarp, Elizabeth Warren, Video, Wall Street Bailout, Bailout, TARP Money, Aig Tax Break, Elizabeth Warren Aig Tax Break, Business News, Aig, Elizabeth Warren Aig, American International Group, Business News

Justice Department Crashes Apple's Party

2012-03-08T07:21:16Z

You may meet five people in heaven, but until that time, you'll need to know seven and a half things each day. Here they are:

Thing One: Apple Put ...

Read more: Brics, Employment, Aig, Jobs, Seven and a Half Things to Know, 7.5 Things, Ipad, Video, Mark Gongloff Things to Know, Apple, Unemployment, Ecb, Seven and a Half Things, Greece, Seven and a Half Things You Need to Know, Jobs Report, 7 1/2 Things, Europe, China, Things You Need to Know Today, Business News

Jacqueline Leo: The Infuriating, Inexcusable AIG Tax Deal

2012-03-02T09:33:50Z

So, this spring, when the Occupy Wall Street crowd comes out of hibernation, don't be surprised if the Tea Party joins them at a new location: 70 Pine Street, the N.Y. corporate headquarters of AIG.

Read more: Andrew-Ross-Sorkin, Aig, Tarp, Occupy Wall Street, Too Big to Fail, Corporate Retreat, AIG Bailout, Robert Benmosche, Politics News

Federal Reserve Conducts Another Secret Sale Of AIG Assets

2012-02-28T17:06:57Z

The Federal Reserve gave just five banks the chance to bid on taxpayer-owned AIG assets -- again.

It's just the latest secret sale of the toxic mor...

Read more: Credit Suisse Group AG, Video, Credit Suisse, Federal Reserve, Aig, New York Fed, Maiden Lane II, American International Group, New York Federal Reserve, Maiden Lane, New York Federal Reserve Bank, Business News

AIG's Sweetheart Government Tax Deal

2012-02-28T09:55:18Z

Last week, the American International Group reported a whopping $19.8 billion profit for its fourth quarter. It was a quite a feat for a company that ...

Read more: Aig, Aig Taxes, Aig Tax Deal, AIG Bailout, Aig Tax Rate, Government Tax Aig, Business News

Gas Price Blame Game: Seven And A Half Things To Know

2012-02-24T07:38:40Z

You haul sixteen tons, and what do you get? Another day older and deeper in debt. You know seven and a half things, though, and you're set for the day...

Read more: Oil and Gas, Gas Prices, President Obama, Aig, Seven and a Half Things to Know, 7.5 Things, Gasoline Prices, Mark Gongloff Things to Know, Apple, Seven and a Half Things, Greece, Seven and a Half Things You Need to Know, Oil, Jeremy Lin, 7 1/2 Things, Europe, Things You Need to Know Today, LeBron James, Business News

Laura L.M. Hill: The 99% Takes AIG to Court

2012-02-17T12:00:37Z

In May, the first "whistleblower" lawsuit was unsealed, naming AIG, Goldman Sachs and Deutsche Bank as defendants. Following motions to dismiss by the defendants, oral argument has been set. What does this mean?

Read more: Deutsche Bank, Michael J. Aguirre, Goldman Sachs, Aig, Whistleblowers, Lawsuit, New York News

Financial Sector Leads Brands With Plunging Reputations

2012-02-13T12:05:31Z

The U.S. economy may have exited 2011 on an upswing but it looks like the year left most Americans feeling worse about corporate America.

Just 20 p...

Read more: Bp, Goldman Sachs, Foreclosure Crisis, Apple, Toyota, General Motors, Corporate America, Corporate Reputation, Bank of America, Banking, Enron, Aig, Adelphia, Harris Interactive, Foreclosure Abuse, Business News

Fed's Secret Sale Of AIG Assets To Goldman Criticized As 'Un-American'

2012-02-10T16:00:33Z

The Federal Reserve gave just five banks the chance to bid on $6.2 billion in taxpayer-owned AIG assets before selling them to Goldman Sachs on Wednes...

Read more: Lloyd Blankfein, Goldman Sachs, Video, AIG Securities, Federal Reserve, Aig, William Dudley, New York Fed, Goldman Sachs Aig, Federal Reserve Bank of New York, Goldman, New York Federal Reserve Bank, Business News

New York Fed Invites Banks To Bid For AIG's Mortgage Bonds

2012-02-06T20:34:00Z

Feb 6 (Reuters) - The Federal Reserve Bank of New York has invited five banks to bid for mortgage bonds of insurer American International Group, the...

Read more: Credit Suisse Group AG, Barclays Plc, Video, Morgan Stanley, New York Fed Aig, Reuters, Aig, Aig Invite, American International Group, Aig 5 Banks, Aig Five Banks, Aig Bank, Goldman Sachs Group, Royal Bank of Scotland, Business News

Howard Steven Friedman: Fictional Davos Discussion Between Tim Geithner and China's He Yafei

2012-02-02T13:47:25Z

The following conversation did not take place... but wouldn't it have been interesting if it did?

Geithner: Glad I found you. We really need to talk...

Read more: General Electric, Wall Street Bailout, Trade Imbalance, Davos, Bank of America, Davos 2012, Aig, Fannie Mae, Free Trade, Manufacturing, United States, Cheap Labor, China Currency, Capitalism, Jeff Immelt, American Manufacturing, Manufacturing Jobs, Currency Manipulation, Freddie Mac, Bailout, Tim Geithner, State Capitalism, Quantitative Easing, Bear Stearns, China, Citigroup, World Economic Forum, Thomas Friedman, The World Is Flat, World News

Report: Government Bailout To See Loss Worth Billions

2012-01-31T18:25:31Z

WASHINGTON -- A new report says the government's financial bailout program will see a $23 billion loss in the year that ended Sept. 30, compared with ...

Read more: AIG Bailout, Business News, Auto Bailout, Video, TARP and Auto Bailout, Government Bailout, Government Bailout Wall St, Government Bailout Loss, Business News

Bill Moyers: The Party People of Wall Street

2012-01-30T12:33:38Z

A week or so ago, we read about what in the Gilded Age of the Roman Empire was known as a bacchanal -- a big blowout at which the imperial swells got together and whooped it up. This one occurred here in Manhattan at the annual black-tie dinner and induction ceremony for Kappa Beta Phi.

Read more: Aig, JPMorgan Chase, Davos, Occupy Wall Street, Bear Stearns, World Economic Summit, Occupy Wall Street Movement, Kappa Beta Phi, Wall Street Bailouts, Bailouts, Wall Street Reform, Business News

Bailed-Out Companies Pressured Pay Czar To Keep Exec Pay High: Report

2012-01-24T08:20:00Z

WASHINGTON, Jan 24 (Reuters) - Pressure from financial institutions and Treasury officials undermined an effort to limit executive pay at seven comp...

Read more: Tarp, Video, General Motors, Reuters, Executive Pay Bailouts, Bank of America, Aig, Ally, Bailouts Pay, Sigtarp, Tarp Executive Pay, Business News

Ex-MF Global CEO Reportedly Shopped For French Mansion During Firm's Collapse

2012-01-05T13:58:11Z

As MF Global inched towards collapse, CEO Jon Corzine pre-occupied himself with a few other things -- namely securing a chateau for him and his wife i...

Read more: Video, Jon Corzine, Mf Global Collapse, MF Global Holdings, Jon Corzine Mf Global, MF Global Corzine, Morgan Stanley, Mf Global Probe, Business News, Enron, Aig, Mf Global Bankruptcy, Jon Corzine French Chateaux, Business News