The government-appointed watchdog for the government's $700 billion bailout program says that the New York Federal Reserve could be hit with criminal ...
March 27 (Bloomberg) -- New York Attorney General Andrew Cuomo, building on his investigation of American International Group Inc.'s bonuses, subpoena...
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...
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?
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?
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?
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...
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.
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...
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.
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.
The AIG scandal is getting ever-more disturbing. Goldman Sachs public conference call explaining its trading relationship and exposure with AIG establ...
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?
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.
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.
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.
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.
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.
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.