Aig Federal Bailouts

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The "Populists" Are Right About Wall Street

Thomas Frank | Posted 04.25.2009 | Business

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

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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Pendulum Swings Against Business, Banks, and Bonuses

Tim Berry | Posted 04.25.2009 | Business

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

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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Take the Steering Wheel out of Geithner's Hands

Arianna Huffington | Posted 04.23.2009 | Politics

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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AIG Bonus Money is Kid's Play: Literally

Jennifer Delaney | Posted 04.23.2009 | Living

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, Living News

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 04.23.2009 | Business

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

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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Geithner's Last Stand

Robert Kuttner | Posted 04.22.2009 | Politics

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 04.21.2009 | Politics

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

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 04.21.2009 | Business

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

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 04.20.2009 | Politics

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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The Politics of the Populist Moment

David Sirota | Posted 04.20.2009 | Politics

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

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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Smoking Gun Points to Geithner

Earl Ofari Hutchinson | Posted 04.20.2009 | Politics

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

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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Defining Extravagance Up

Jamie Malanowski | Posted 04.20.2009 | Politics

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

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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90% Tax? Now, We Really are Screwed

Henry Blodget | Posted 04.20.2009 | Business

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

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

Phil Bronstein | Posted 04.19.2009 | Politics

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

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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Will the Politicians Give Back Their AIG Bonuses?

Jamie Court | Posted 04.19.2009 | Politics

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

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

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It's Gut-Check Time

Mike Lux | Posted 04.19.2009 | Politics

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

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 Counter-Party Payments Worse than Bonuses

Jeffrey Feldman | Posted 04.19.2009 | Business

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

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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A Second Act for Spitzer?

James Moore | Posted 04.19.2009 | Politics

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

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

Leo W. Gerard | Posted 04.19.2009 | Business

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

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

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Bernanke Dodges the Bullets

Ann Pettifor | Posted 04.19.2009 | Business

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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Come, Shoot the Messengers!

Norman Lear | Posted 04.18.2009 | Business

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

Let's take back some 70 odd bonuses and fail on all sides to see the systemic disease that got us here: short-term thinking and the lunatic need for a profit statement this quarter considerably larger than the last.

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

Jessica Catto | Posted 04.18.2009 | Politics

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

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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Taxing Bonuses: A Matter of Fundamental Fairness

Rep. Earl Blumenauer | Posted 04.18.2009 | Politics

Read More: Tarp, Aig, Congress, Wall Street Bonuses, Aig Bonuses, Earl Blumenauer, Oregon, Economy, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Bonuses, AIG Scandal, Politics News

Giving out $18 billion in bonuses at a time when ordinary Americans have seen their life savings collapse is outrageous. To give out these bonuses using federal bailout money is over the edge.

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How to Recoup the AIG Bonuses

Daniel J. H. Greenwood | Posted 04.18.2009 | Business

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

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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Post-Post-Partisanship

Mike Lux | Posted 04.18.2009 | Politics

Read More: Economy, Aig Bonuses, Aig, Bank Bonuses, Recession, Federal Bailouts, Senate, Bailout Bandits, Judd Gregg, Gop, Financial Crisis, Bipartisanship, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Republicans, Politics News

Lincoln, FDR, and LBJ all did what they had to do, played the hardball that had to be played, to change the country. Obama should follow their example.

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