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Aig Bonuses

Dangling from the AIG Noose - Our Slow and Painful Strangulation

Sheila Tendy | Posted 05.25.2011 | Business
Sheila Tendy

Where are these AIG contracts, anyway? They should be put in the public domain so every lawyer in America can give an opinion about their meaning and validity.

Marcus Baram

Cuomo Reveals AIG Details: 73 Employees Got Multi-Million-Dollar Bonuses | Marcus Baram | Posted 05.25.2011 | Business

AIG's assertion that it had no choice but to make multi-million dollar bonus payments was undercut this afternoon by New York Attorney General Andrew ...

Jason Linkins

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

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 | 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.

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.

Treasury Will Use $30B Infusion To Compel AIG To Repay Bonuses

Wall Street Journal | JONATHAN WEISMAN and CHAD BRAY | Posted 05.25.2011 | Business

President Barack Obama, trying to contain a political firestorm, instructed Treasury Secretary Timothy Geithner "pursue every legal avenue" to block $...

Sam Stein

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

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! ...

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:

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

Gibbs: Cheney Just Another Member Of The "Republican Cabal" | Sam Stein | Posted 05.25.2011 | Politics

The White House has benefited from no shortage of partisan enemies to attack. On Monday, Dick Cheney played the punching bag role, with spokesman Robe...

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.

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.

'Clawback' Mountain: Use the Tax Code

Paul Abrams | Posted 05.25.2011 | Politics
Paul Abrams

Public support for fixing the financial system is vanishing. The egregious bonuses are a constant reminder of how the wealthy are able to jigger the system to benefit themselves.

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...

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.

Romer: "We're Pursuing Every Legal Means" To Undo AIG Bonuses

Huffington Post/Fox News/CNN | Marcus Baram | Posted 05.25.2011 | Politics

A growing bipartisan chorus of lawmakers is condemning insurance giant AIG for deciding to pay out $165 million in bonuses despite receiving $170 bill...

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.

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.

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.

Sam Stein

AIG Outrage Dominates Sunday Shows | 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...

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.