Holiday News| More...
 

Wall Street Bonuses

Stop the Financial Services "Super Czar" (Updated)

Don McNay | Posted 04.20.2009 | Business

Read More: Fiddler on the Roof, Wall Street Bailout, Populism, Hank Paulson, Shelia Bair, Main Street, Regulation, Bailout, Insurance, Obama Average Americans, Washington, Kentucky, Constitution, Wall Street Bonuses, Lexington KY, National-Association-of-Insurance-Commissioners, Personal Finance, State-Insurance-Regulators, Fdic, Financial Services, Systemic-Risk, Aig, Don McNay, Representative-Government, Insurance Companies, FDIC Chairman Sheila Bair, Barack Obama, Wall Street Regulators, Tim Geithner, Deregulation, Car Czar, Banking Crisis, Ben Bernanke, Systemic Risk Regulator, House Financial Services Committee, Bailout Outrage, Business News
Don McNay

There has been talk about appointing a new "Systemic Risk Regulator." This "Super Czar" would oversee all of the financial services industry. We had a "Super Czar" last year. His name was Henry Paulson.

Read Post

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?

Read Post

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...

Read Whole Story

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.

Read Post

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.

Read Post

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.

Read Post

A Crime to Make Money

Paul Jenkins | Posted 04.19.2009 | Politics

Read More: Fed, Taxes, Rush Limbaugh, Charles Rangel, Connecticut, Chris Dodd, Democratic Party, Barack Obama, New York City, Chas Freeman, Robert Rubin, Goldman Sachs, Merrill Lynch, Bank of America, Elections, Aig, Andrew Cuomo, Bailout, Countrywide, Finance, Tim Geithner, Citibank, Israel, Treasury, Ben Bernanke, Housing Crisis, Wall Street Bonuses, Chuck Schumer, Bernie Madoff, Republican Party, Senate, Politics News
Paul Jenkins

It seems to have finally dawned on government leaders that bonus recipients are not the only ones who should be afraid.

Read Post

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.

Read Post

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.

Read Post

Lessons from AIG

Robert Weissman | Posted 04.19.2009 | Business

Read More: Robert Rubin, Wall Street Bailout, Aig Bonuses, Financial Derivatives, Antitrust, Larry Summers, Aig, Rubin, Alan Greenspan, Executive Compensation, Wall Street Bonuses, Glass-Steagall, Bailout Outrage, Business News
Robert Weissman

What is vital now is that the public's righteous anger is not expressed only as "no." There are a lot of things to which We The People do need to say "no." But we need a lot of "yes's," too.

Read Post

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.

Read Post

AIG Bonuses

Jeff Danziger | Posted 04.19.2009 | Politics

Read More: Aig, Political Cartoon, Wall Street Bonuses, Politics News
Jeff Danziger

...

Read Post

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.

Read Post

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.

Read Post

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.

Read Post

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.

Read Post

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.

Read Post

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.

Read Post

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
Daniel J. H. Greenwood

Let's get real. This may be a nation of laws, but contracts are not sacred, and employment contracts are less sacred than any.

Read Post

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
Mike Lux

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.

Read Post

Geithner Gives Away 2 Trillion While Country Screams About A Few Hundred Million At AIG

Ian Welsh | Posted 04.18.2009 | 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
Ian Welsh

What Geithner is doing right now is similar to how a magician works. First he gets your attention on one thing "look, outrageous bonuses at AIG", then he does his trick while you're watching what he wants you to watch.

Read Post

Why AIG and Jim Cramer Matter

Lincoln Mitchell | Posted 04.18.2009 | Politics

Read More: Taxes, Aig, Bailout, Jon Stewart, Economy, Economic Crisis, Business, Bonuses, Wall Street Bonuses, Journalism, Jim Cramer, Aig Bonuses, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, AIG Scandal, Politics News
Lincoln Mitchell

The new economy, the one that not only gets us out of this crisis, but keeps us out of the next, will not have a place for either AIG type bonuses or Jim Cramer-type journalism.

Read Post

Tax the Bonuses

Kirk Stambler | Posted 04.18.2009 | 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
Kirk Stambler

Amid all the hand-wringing about whether or not the government has the power to stop AIG from paying bonuses to the very people who helped precipitate...

Read Post

Should Obama Stop Trusting Geithner's Advice?

Miles Mogulescu | Posted 04.18.2009 | Politics

Read More: Goldman Sachs, Obama Aig Bonuses, Financial Bailout, Goldman Sachs Bonuses, Aig Paulson, Tim Geithner, Aig Bonuses, Geithner Bailout, Paulson Bailout, AIG Bailout, Financial Crisis, Henry Paulson, Aig, Global Financial Crisis, Timothy Geithner, Economy, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Politics News
Miles Mogulescu

If the American people come to see the Obama administration as complicit in Wall Street's unethical behavior, then Obama's entire economic program could end up in shambles.

Read Post

The Death of a Brand

James Moore | Posted 04.18.2009 | Business

Read More: Federal Bailouts, Bailout Bandits, Economy, Aig Bonuses, Financial Crisis, Branding, Aig, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, Bank Bonuses, Recession, AIG Scandal, Bailout Outrage, Washington/United States, United States, Business News
James Moore

AIG's predicament will be studied for years to come in marketing and communications classes. When the president of the United States starts bad mouthing your brand, it's not going to survive.

Read Post