Aig Federal Bailouts

Pendulum Swings Against Business, Banks, and Bonuses

Tim Berry | Posted 05.25.2011

Read More: Small Business, Aig Bonuses, Economy, Aig, Business, Bank Bonuses, Recession, Federal Bailouts, Big Business, Bailout Bandits, Profits, Bailout, Banks, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Business News
Tim Berry

Anybody who hasn't been living in a cave knows how bonuses got a bad name: excess and greed in large business. But what those of us in small business, where a bonus is a reward for a job well done?

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The "Populists" Are Right About Wall Street

Thomas Frank | Posted 05.25.2011

Read More: Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Business News
Thomas Frank

How has a popular Democratic president with a convincing electoral mandate failed to translate the opportunities of recent events into the "change" for which voters clamored?

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AIG Bonus Money is Kid's Play: Literally

Jennifer Delaney | Posted 11.17.2011

Read More: Aig, Aig Bonuses, Federal Bailouts, Bailout Bandits, Charity, Children, Economy, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Healthy Living News
Jennifer Delaney

If AIG were to donate the 418 bonuses to charity, it would be a brilliant preemptive PR move to neutralize its current out of touch public persona. Here's what the money could provide.

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If We 'Kill the Rich', Don't We Kill the Dream?

Vicky Ward | Posted 05.25.2011

Read More: Class Warfare, Aig Bonuses, Economic Crisis, Economy, Aig, Bank Bonuses, New York, New York City, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, New York/New York, Washington/United States, Business News
Vicky Ward

New York is the national epicenter of ostentation and consumerism. Now those qualities are considered tasteless. Wealth has become a dirty word.

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Take the Steering Wheel out of Geithner's Hands

Arianna Huffington | Posted 05.25.2011

Read More: Timothy Geithner Treasury Secretary, Fdic, Aig Bonuses, Economy, Aig, Bank Bonuses, Recession, Stan Greenberg, Federal Bailouts, Nelson Mandela, Bailout Bandits, Wall Street, Tim Geithner, Geithner Bailout, Financial Crisis, Timothy Geithner, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Politics News
Arianna Huffington

Tim Geithner's actions throughout his career, including his time as Treasury Secretary, are proof that the toxic thinking that got us into this mess is part of his DNA.

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Geithner's Last Stand

Robert Kuttner | Posted 05.25.2011

Read More: Timothy Geithner Treasury Secretary, Fdic, Economy, Aig Bonuses, Aig, Bank Bonuses, Recession, Goldman Sachs, Federal Bailouts, JP Morgan, Neel Kashkari, Bailout Bandits, Wall Street, Tim Geithner, Geithner Bailout, Financial Crisis, Timothy Geithner, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Citigroup, Politics News
Robert Kuttner

The indignation over AIG will serve a useful purpose if it focuses public attention on the much larger issue of the failure of the entire approach that Tim Geithner and Larry Summers are using to rescue the banking system.

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A Real Simple Solution to the AIG Bonus Mess

Andy Ostroy | Posted 05.25.2011

Read More: Retention Bonuses, Aig, Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Politics News
Andy Ostroy

Rather than allow these bonuses to remain intact or to take them away outright, how about deferring them until the companies and their troubled business units turn their financial fortunes around?

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Capitalism and Moral Sentiments

Jeffrey Sachs | Posted 05.25.2011

Read More: Aig, Wall Street Bonuses, Tom Friedman, John Maynard Keynes, David Brooks, Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig Federal Bailouts, Bonuses, Bank Bonuses, Recession, AIG Scandal, Bailout Outrage, Business News
Jeffrey Sachs

The fascinating thing about this Wall Street greed is that it is so deeply ingrained that neither the bankers themselves nor our economic leadership understands just how disgusting and dangerous it is.

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Goldman Sachs, Obama, Money

Bob Ostertag | Posted 05.25.2011

Read More: Financial Crisis, Goldman Sachs, Timothy Geithner, Financial Meltdown, Wall Street, Barack Obama, Campaign Finance, Economy, Aig Bonuses, Aig, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Bailout Outrage, Politics News
Bob Ostertag

Have things changed so dramatically that Obama will have room to dump his biggest campaign contributers overboard? That question will be answered in the coming weeks.

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Defining Extravagance Up

Jamie Malanowski | Posted 05.25.2011

Read More: Worldcom, Aig, Tyco, Daniel Patrick Moynihan, Bonuses, Enron, Economy, Aig Bonuses, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Wall Street Bonuses, AIG Scandal, Politics News
Jamie Malanowski

It's admirable that our leaders now want to be frugal with our money but let's remember what the taxpayers themselves have been buying with money not rendered unto Uncle Sam.

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The Politics of the Populist Moment

David Sirota | Posted 05.25.2011

Read More: Timothy Geithner, Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Politics News
David Sirota

I appeared on ABC's World News Tonight and ABC's Nightline last night about the economic meltdown. You can watch the Nightline clip here. As I've w...

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90% Tax? Now, We Really are Screwed

Henry Blodget | Posted 05.25.2011

Read More: Aig, Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Bailout Outrage, Business News
Henry Blodget

The frantic passage of the Populist Rage Tax was a new low in the US government's response to this crisis.

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Smoking Gun Points to Geithner

Earl Ofari Hutchinson | Posted 05.25.2011

Read More: Aig, Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Politics News
Earl Ofari Hutchinson

How long will and should Obama continue to defend Geithner in the face of the smoking gun proof of what he knew about AIG and when he knew it?

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Obama "Takes Responsibility" for AIG? Getting Mad Is Not Getting Even...

Phil Bronstein | Posted 05.25.2011

Read More: Aig, Phil Bronstein, Aig Bonuses, Economy, Barack Obama, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Politics News
Phil Bronstein

It's good to hear Obama take responsibility, but after the previous "I screwed up" and a few more "buck stops here," the value of that buck's worth might soon diminish.

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Creep of the Week: AIG Bonus Grantor Edward M. Liddy

Leo W. Gerard | Posted 05.25.2011

Read More: Taxpayer Bailouts, Aig, Wall Street, United Auto Workers, Big Three Auto Companies, Usw, Washington Post, Credit Default Swaps, United Steelworkers, Uaw, American International Group, Creep of the Week, Bonuses, Edward M. Liddy, Economy, Aig Bonuses, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Wall Street Bonuses, AIG Scandal, Bailout Outrage, Business News
Leo W. Gerard

AIG Chairman Edward M. Liddy gets the Creep of the Week award for his stunning, overwhelming, dumbfounding display of cluelessness.

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AIG Counter-Party Payments Worse than Bonuses

Jeffrey Feldman | Posted 05.25.2011

Read More: Aig, Credit Default Swaps, Jeb Hensarling, Counter-Party Payments, Wall Street Bonuses, Edward Liddy, Economy, Aig Bonuses, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Bonuses, AIG Scandal, Bailout Outrage, Business News
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.

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Will the Politicians Give Back Their AIG Bonuses?

Jamie Court | Posted 05.25.2011

Read More: Aig, Wall Street Bonuses, Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig Federal Bailouts, Bonuses, Bank Bonuses, Recession, AIG Scandal, Politics News
Jamie Court

Mr. President and members of Congress, it's time to give back AIG's political contributions.

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Bernanke Dodges the Bullets

Ann Pettifor | Posted 05.25.2011

Read More: Mccain-Liabilities, President Obama, Aig, Federal Reserve, Ben Bernanke, Credit Default Swaps, Alan Greenspan, Cbs, Credit Bubble, Economy, Aig Bonuses, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Business News
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.

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A Second Act for Spitzer?

James Moore | Posted 05.25.2011

Read More: Federal Bailouts, Bailout Bandits, Eliot Spitz, Economy, Aig Bonuses, Financial Crisis, Aig, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Eliot Spitzer, Recession, AIG Scandal, Politics News
James Moore

There is an attorney who can get to the bottom of our current financial crisis and lay the blame and guilt at the foot of the culprits. Eliot Spitzer, phone home.

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It's Gut-Check Time

Mike Lux | Posted 05.25.2011

Read More: Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Politics News
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.

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

MJ Rosenberg | Posted 05.25.2011

Read More: Aig, Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Media News
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?

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How to Recoup the AIG Bonuses

Daniel J. H. Greenwood | Posted 05.25.2011

Read More: Aig, Aig Bonuses, Bonuses, Wall Street Bonuses, Federal Bailouts, Bailout Bandits, Economy, Financial Crisis, Aig Federal Bailouts, Bank Bonuses, Recession, AIG Scandal, Bailout Outrage, Business News
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.

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Should Obama Stop Trusting Geithner's Advice?

Miles Mogulescu | Posted 05.25.2011

Read More: Goldman Sachs, Obama Aig Bonuses, Financial Bailout, Goldman Sachs Bonuses, Aig Paulson, Tim Geithner, Aig Bonuses, Geithner Bailout, Paulson Bailout, AIG Bailout, Financial Crisis, Henry Paulson, Aig, Global Financial Crisis, Timothy Geithner, Economy, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Politics News
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.

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

Jessica Catto | Posted 05.25.2011

Read More: U.S. Treasury, Laissez-Faire, President, Aig, Congress, Responsible Capitalism, Economy, Aig Bonuses, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Politics News
Jessica Catto

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

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

Ian Welsh | Posted 05.25.2011

Read More: Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Aig, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Politics News
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.

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