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Aig Bonuses

Put Down the Pitchforks!

Howard Schweber | Posted 05.25.2011 | Politics
Howard Schweber

Once the decision was made to avoid receivership, honoring existing contracts was exactly what Obama promised his administration would deliver: the Rule of Law.

What Did Geithner Know and When Did He Know It?

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

Geithner got into this trouble because he saw Wall Street as his main constituency rather than the American people.

AIG, OMG

Francine Hardaway | Posted 05.25.2011 | Politics
Francine Hardaway

This poor dude Liddy, who retired from Allstate and came back to run AIG and be a hero for his country. I bet he's really sorry now. I'm listening to...

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.

Jason Linkins

AIG's Biggest "Retention Bonuses" Recipients Left Company

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Politics

So, these AIG "retention bonuses," they are extraordinary things. Dig the way the $165 million was disbursed, according to the lead paragraph in this...

Sam Stein

Wyden-Snowe Proposal Could Have Saved Govt. $3 Billion-Plus

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

Had Congress ultimately passed Sen. Ron Wyden and Sen. Olympia Snowe's proposal to tax a portion of bonuses issued by bailout recipients, the governme...

Can AIG Pay Me a Bonus?

Liz Hamburg | Posted 05.25.2011 | Business
Liz Hamburg

I just got the bill to renew our corporate insurance policy. Normally, I pay it without a problem. I had always felt assured to know that, as a small ...

Fed Failed To Tell Obama Admin About AIG Bonuses

Washington Post | David Cho and Michael D. Shear | Posted 05.25.2011 | Business

Federal Reserve officials knew for months about bonuses at American International Group but failed to tell the Obama administration, according to gove...

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?

GAO: Forget The Bonuses, AIG Can't Repay Its Loans

McClatchy | Kevin Hall | Posted 05.25.2011 | Business

Lost in all the shouting over the $165 million in bonuses paid to executives of disgraced insurer American International Group was this sober message...

Ryan Grim

In Home Districts, Dems, GOP Play AIG Blame Game

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

The GOP is going after some four dozen vulnerable House Democrats in their home districts, hoping to connect their vote on the stimulus to AIG bonus p...

Jason Linkins

CNN Caller Says AIG Execs Should Be Shot (VIDEO)

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Media

So, I'll be the first to admit, when I was musing on what's to become of the AIG's bonus babies, I indulged in a little "extreme clawback" fantasia, t...

AIG CEO: Employees Starting To Return Bonuses

AP | JIM KUHNHENN and TOM RAUM | Posted 05.25.2011 | Business

WASHINGTON — Under intense pressure from the Obama administration and Congress, the head of bailed-out insurance giant AIG declared Wednesday th...

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...

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...

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.

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.

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,...

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.

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...

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...

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.

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.

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...

What to Do About "Mad as Hell"

Deepak Chopra | Posted 05.25.2011 | Politics
Deepak Chopra

What would it take to change a whole subculture that has escaped all ethical boundaries?