Wall Street Bonuses

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Take the Steering Wheel out of Geithner's Hands

Arianna Huffington | Posted 04.23.2009 | Politics

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 Bonus Money is Kid's Play: Literally

Jennifer Delaney | Posted 04.23.2009 | Living

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, Living News

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

Vicky Ward | Posted 04.23.2009 | Business

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

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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Geithner's Last Stand

Robert Kuttner | Posted 04.22.2009 | Politics

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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A Real Simple Solution to the AIG Bonus Mess

Andy Ostroy | Posted 04.21.2009 | Politics

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

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 04.21.2009 | Business

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

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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Goldman Sachs, Obama, Money

Bob Ostertag | Posted 04.20.2009 | Politics

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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Don't Let Dodd Take the Fall on This One

Michelle Kraus | Posted 04.20.2009 | Politics

Read More: Senator Chris Dodd, Senator Olympia Snowe, Aig, Wall Street Bonuses, Rnc, Aig Bonuses, Politics News

It takes more than one cook to stir this pot of malarkey, and I smell a stinking rose.

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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

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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AIG, Toxic Assets and the Call to Personal Sacrifice

Raymond J. Learsy | Posted 04.20.2009 | Business

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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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

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.

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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

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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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

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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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

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

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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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

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

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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

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

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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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

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.

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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

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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AIG Bonuses

Jeff Danziger | Posted 04.19.2009 | Politics

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

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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

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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