AIG And The Failure Of Congressional Oversight
Michael Lewis has written an extraordinary piece on the AIG failure for Vanity Fair. As with most of his work, the article is informative, funny and written in an …
Tag: AIG
$210 million in bonuses for Fannie/Freddie
As Baron von Ottomatic previously noted, Fannie Mae and Freddie Mac -- the poorly managed government-backed mortgage giants whose collapse largely precipitated the current economic crisis and triggered AIG's …
General Motors And AIG
The Obama administration has given General Motors 60 days to come up with a plan to justify another round of tax payer infusions that would ostensibly stave off a …
Mike Rowe on the AIG bonuses
Via The Anchoress, here is a short blurb written by Mike Rowe, host of The Discovery Channel's "Dirty Jobs", in response to a reader's question about the AIG bonus …
Not Enough
So President Obama wants government oversight of executive pay and bonuses at banks, investment firms, and God-only-knows where else as a part of proposed plan to "overhaul financial regulation." …
House Democrats pass punitive tax on AIG bonuses
Well, they did it; from Yahoo! News: Acting swiftly, the Democratic-led House approved a bill Thursday to slap punishing taxes on big employee bonuses at firms bailed out by …
Everything you need to know about AIG, bailouts, and bonuses
FoxBusiness is currently featuring this graphic, courtesy of OpenSecrets.org: There's more on the AIG-Dodd story over at PoliGazette, where blogger Michael Merritt notes that the actual amount of money …