Bonuses

Goldman Sachs, Obama, Money

Bob Ostertag | Posted 04.20.2009 | Politics

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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Wall Street CEOs Push Back On Bonus Tax: "Terribly Unfair"

Wall Street Journal | JOE BEL BRUNO and MATTHIAS RIEKER | Posted 04.20.2009 | Business

Read More: JP Morgan Chase, Vikram Pandit, Bank of America, Citigroup, Wall Street Bonuses, Kenneth Lewis, Aig Bonuses, Jamie Dimon, Bonus Tax, Bonuses, Bailout Outrage, Business News

The chief executives of the nation's three largest banks on Friday pushed back against legislation that would heavily tax Wall Street bonuses. Citigr...

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Bonus Outrage: AIG Employees Are Living In Fear

AP | JOHN CHRISTOFFERSEN | Posted 04.20.2009 | Business

Read More: Fearing for Their Lives Aig, Aig Bonuses, Aig, Aig Fearing for Their Lives, Bonuses, Wall Street Bonuses, Bailout Outrage, Business News

FAIRFIELD, Conn. — Longtime pillars of the community are now pariahs living in fear, hiding behind locked gates and security guards amid the pub...

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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
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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Corporate Government Reform

Harry Moroz | Posted 04.20.2009 | Business

Read More: Aig, Jeffrey Sachs, Aig Bonuses, The Economist, New Democrats, Spending, Bonuses, Taxation, Congress, Government, Blue Dog Democrats, Hendrik Hertzberg, Business News
Harry Moroz

Debate about the House tax bill and about earmarks is a striking reminder to us that governance in this country is at risk of going off track.

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AIG, Toxic Assets and the Call to Personal Sacrifice

Raymond J. Learsy | Posted 04.20.2009 | Business

Read More: Deutsche Bank, Goldman Sachs, Aig, Tom Friedman, Morgan Stanley, Bailout, Wall Street Mafia, Pres.Obama, Societe Generale, Teachers of Montgomery County, Ecomomic Mess, New York Times, Economy, Aig Bonuses, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Bonuses, Wall Street Bonuses, Anderson Ranch, AIG Bailout, Bailout Outrage, Business News
Raymond J. Learsy

If there has ever been an example of "sow and ye shall reap" gone awry, it is the madcap stripping of the national treasure by those who have brought us to the edge of the cliff.

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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
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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Arthur Delaney

New Bill Would Ban All Bailout Bonuses

HuffingtonPost.com | Arthur Delaney | Posted 04.20.2009 | Politics

Read More: Congress, Bailout, Bailout Firms, Aig Bonuses, Aig, Bonuses, Bank Bonuses, Wall Street Bonuses, Bailout Bonuses, Barney Frank, Bonus Outrage, Politics News

Rep. Barney Frank's Financial Services Committee will take up a new bill next week to ban bonuses at any companies benefiting from federal bailout fun...

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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
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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Why (Almost) All Bonuses Are A Bad Idea

Barry Schwartz | Posted 04.20.2009 | Business

Read More: Financial Crisis, Morality, Bonuses, Business News
Barry Schwartz

Like teachers trying to improve the standardized test scores of their students, bonuses encourage a narrowness of vision that results in consequences like the ones we're living through today.

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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
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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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
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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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
Jamie Court

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
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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Arthur Delaney

Bailout Bonus Rage Hits The Streets (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 04.19.2009 | Politics

Read More: Aig, Seiu, Protest, Bailouts, Andy Stern, Bonuses, Bonus Outrage, Politics News

Rage over $165 million in bonuses for employees of bailout-beneficiary American International Group spilled into the streets Thursday when over 100 pe...

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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
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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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
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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Elijah Cummings Knew About $1 Billion in AIG Bonuses for "Months" -- Why Didn't Timothy Geithner?

Jane Hamsher | Posted 04.19.2009 | Politics

Read More: Elijah Cummings, Aig, Bailout, Massimo Calibresi, Time Magazine, David Cho, Paul Kanjorski, Ben Bernanke, Jeff Mason, Washington Post, Bonuses, Reuters, Edward Liddy, Michael D. Scher, Politics News
Jane Hamsher

Cummings' statements, if true, mean that many journalists have been fed a bill of goods by their "anonymous" administration sources.

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Like AIG, We Can Do Worserer!

Dave Astor | Posted 04.19.2009 | Comedy

Read More: New York Yankees, Bobbleheads, Bill Clinton, Aig, Wall Street, Moody Blues, George W. Bush, Ethics, Iraq War, Timothy Geithner, Halloween, Bonuses, Rock and Roll Hall of Fame, Comedy News
Dave Astor

The message for petty thieves: all the zeros in $165,000,000 add up to two (as in two-tier justice).

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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
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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Bernanke Dodges the Bullets

Ann Pettifor | Posted 04.19.2009 | Business

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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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
Norman Lear

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
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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Obama Seeks Legal Authority To Stop Future Bonuses

Wall Street Journal | JONATHAN WEISMAN | Posted 04.18.2009 | Business

Read More: Aig Bonuses, Obama Bonuses, Bailout, Bonuses, Barack Obama, Bonus Outrage, Business News

President Barack Obama said he will seek legal authority over the financial system that will give the federal government power to step into contract i...

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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
Rep. Earl Blumenauer

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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