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Aig Bonuses

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...

Sam Stein

Gibbs: Cheney Just Another Member Of The "Republican Cabal"

HuffingtonPost.com | 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.

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

HuffingtonPost.com | 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...

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

HuffingtonPost.com | 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.

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.

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...