Aig Scandal

Neil Barofsky, TARP Watchdog: Criminal Charges Could Be Coming For New York Fed In AIG Scandal

Huffington Post | Ryan McCarthy | Posted 05.25.2011

Read More: AIG Coverup, Treasury Department, TARP Watchdog, Tim Geithner, AIG Bailout, Aig, Neil Barofsky, Sigtarp, AIG Scandal, Business News

The government-appointed watchdog for the government's $700 billion bailout program says that the New York Federal Reserve could be hit with criminal ...

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Cuomo: AIG Credit Default Swaps To Be Investigated

bloomberg.com | Karen Freifeld | Posted 05.25.2011

Read More: Andrew Cuomo AIG, Aig Bonuses, Credit Default Swaps Aig, AIG Bailout, Aig Andrew Cuomo, Aig, Aig Cuomo, AIG Credit Default Swaps, Aig Swaps, AIG Scandal, Cuomo AIG, Bonus Outrage, Business News

March 27 (Bloomberg) -- New York Attorney General Andrew Cuomo, building on his investigation of American International Group Inc.'s bonuses, subpoena...

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AIG Risk Officers Remain In Place, Despite Disastrous Decisions

Huffington Post | Julie Satow | Posted 05.25.2011

Read More: Aig Risk Officers, Bailout Outrage, AIG Bailout, Aig, Risk Officers Aig, Cco Robert Lewis, Robert Lewis Aig, Robert Lewis Risk Officer, Aig Robert Lewis, AIG Scandal, Business News

AIG's risk management team, whose job was to manage credit risk at the giant insurer, remain in place despite their disastrous oversight. At least f...

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On the Wrong Side of AIG, in Handcuffs

Tony O'Brien | Posted 05.25.2011

Read More: Aig, Wall Street, Magenta Forex, AIG Scandal, Tony O?Brien, Aig and Lawsuit and Obrien, On the Wrong Side of Aig, in Handcuffs, Tony Obrien, Business News
Tony O'Brien

How strange, I thought: the two partners who had worked the hardest to protect the firm's money, who had contacted the FBI and confronted AIG with litigation -- why were we the ones arrested?

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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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Obama Approval Rating Goes UP: CBS News Poll

The Huffington Post | Stuart Whatley | Posted 05.25.2011

Read More: Obama Cbs Poll, Obama Aig Anger, Aig Bonuses, Cbs Poll, AIG Bailout, Aig, American International Group, Cbs Aig Poll, Obama Aig Bonuses, Obama Aig, Obama Approval Rating, Obama Approval, AIG Scandal, Video, Politics News

Despite a wounded economy and public furor aimed at Wall Street, a new CBS poll finds President Obama's approval rating has actually gone up. Sixty-f...

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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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AIU Holdings: AIG Creates New Name To Avoid PR Disaster

Huffington Post | Stuart Whatley | Posted 05.25.2011

Read More: Edward Liddy AIG, Aig Bonuses, AIG Bailout, Aig, AIU Holdings, AIU Holdings Ltd., Edward Liddy, AIG Scandal, Aiu, Bonus Outrage, Business News

Following up Ryan Grim's report from Congress last week that AIG chief Edward Liddy was looking to change the company's "thoroughly wounded and disgra...

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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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AIG Underbidding Insurance Rivals and Why We Should Be Really Angry

Don McNay | Posted 05.25.2011

Read More: Insurance, 60 Minutes, Actuaries, Aig, Federal Reserve, Kentucky, Ben Bernanke, Don McNay, Insurance-Industry, Liberty Mutual, Insurance Companies, Wall Street Journal, Wall Street Bailout, AIG Bonus, AIG Scandal, Business News
Don McNay

If AIG loses millions, or billions, in the future due to its "overly aggressive pricing" we are going to be picking up the tab.

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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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Spitzer: Relationship Between AIG, Goldman Looks Fishier And Fishier

Slate | Eliot Spitzer | Posted 05.25.2011

Read More: AIG Bailout, Aig, Eliot Spitzer, Financial Crisis, AIG Scandal, Business News

The AIG scandal is getting ever-more disturbing. Goldman Sachs public conference call explaining its trading relationship and exposure with AIG establ...

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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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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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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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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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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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