Aig Scandal

Cuomo: AIG Credit Default Swaps To Be Investigated

bloomberg.com | Karen Freifeld | Posted 04.27.2009 | Business


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

AIG Risk Officers Remain In Place, Despite Disastrous Decisions

Huffington Post | Julie Satow | Posted 04.27.2009 | Business


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...

The "Populists" Are Right About Wall Street

Thomas Frank | Posted 04.25.2009 | Business


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?

On the Wrong Side of AIG, in Handcuffs

Tony O'Brien | Posted 04.25.2009 | Business


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?

Pendulum Swings Against Business, Banks, and Bonuses

Tim Berry | Posted 04.25.2009 | Business


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?

Obama Approval Rating Goes UP: CBS News Poll

The Huffington Post | Stuart Whatley | Posted 04.24.2009 | Politics


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...

Enough With The Pitchforks And Head-Rolling

Stuart Whatley | Posted 04.23.2009 | Politics


Stuart Whatley

Such knee-jerk populist rage is precisely what gave populist rage a bad name in the first place, whereby a valid democratic outlook is construed as nothing more than an angry-mob uprising.

AIU Holdings: AIG Creates New Name To Avoid PR Disaster

Huffington Post | Stuart Whatley | Posted 04.23.2009 | Business


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...

Take the Steering Wheel out of Geithner's Hands

Arianna Huffington | Posted 04.23.2009 | Politics


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.

AIG Bonus Money is Kid's Play: Literally

Jennifer Delaney | Posted 04.23.2009 | Living


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.

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

Vicky Ward | Posted 04.23.2009 | Business


Vicky Ward

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

AIG Underbidding Insurance Rivals and Why We Should Be Really Angry

Don McNay | Posted 04.22.2009 | Business


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.

Geithner's Last Stand

Robert Kuttner | Posted 04.22.2009 | Politics


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.

Spitzer: Relationship Between AIG, Goldman Looks Fishier And Fishier

Slate | Eliot Spitzer | Posted 04.22.2009 | Business


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

A Real Simple Solution to the AIG Bonus Mess

Andy Ostroy | Posted 04.21.2009 | Politics


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?

Capitalism and Moral Sentiments

Jeffrey Sachs | Posted 04.21.2009 | Business


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.

Goldman Sachs, Obama, Money

Bob Ostertag | Posted 04.20.2009 | Politics


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.

The Politics of the Populist Moment

David Sirota | Posted 04.20.2009 | Politics


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...

Smoking Gun Points to Geithner

Earl Ofari Hutchinson | Posted 04.20.2009 | Politics


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?

Defining Extravagance Up

Jamie Malanowski | Posted 04.20.2009 | Politics


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.

90% Tax? Now, We Really are Screwed

Henry Blodget | Posted 04.20.2009 | Business


Henry Blodget

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

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

Phil Bronstein | Posted 04.19.2009 | Politics


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.

Will the Politicians Give Back Their AIG Bonuses?

Jamie Court | Posted 04.19.2009 | Politics


Jamie Court

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

It's Gut-Check Time

Mike Lux | Posted 04.19.2009 | Politics


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.

AIG Counter-Party Payments Worse than Bonuses

Jeffrey Feldman | Posted 04.19.2009 | Business


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.