Tag Archives: AIG

AIG Refuses to Pay Claims for U.S. Airways Jet that Ditched in Hudson River

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Saturday, June 13, 2009 Remember last September’s Troubled Asset  Relief Program or TARP? The $900 billion taxpayer bailout of Wall Street criminals ramrodded through the Democratically controlled Congress and championed by former President George Bush, Henry Paulson, Ben Bernanke, Barney … Continue reading →

Posted in AIG, News, U.S. | Tagged , , | 8 Comments

AIG: Too Immoral to Survive

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Sunday, April 19, 2009 Last fall, when the Troubled Assest Recovery Program (TARP) started, it was said American International Group (AIG) was “too big to be to fail,” a fundamentally incorrect assumption applied to the government’s policy of bailing out … Continue reading →

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Why is NY AG Andrew Cuomo Doing Tim Geithner’s Job?

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Friday, March 27, 2009 Let me begin by saying I’m a huge fan of New York AG Andrew Cuomo. I believe New York Gov. David Paterson made a grave political miscalculation by not appointing Cuomo to Hillary Clinton’s vacated senate … Continue reading →

Posted in AIG, Bailout, News, President Barack Obama, Tim Geithner | Tagged , , , , , , | 6 Comments

15 of 20 AIG Bonus Recipients Return Ca$h

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Tuesday, March 24, 2009 There may not be a Santa Claus but there is New York Attorney General Andrew Cuomo. On a conference call with reporters Monday, Cuomo said that of the top 20 executives who received the biggest bonuses, … Continue reading →

Posted in AIG, Bailout, News, U.S. Economy | Tagged , , , , , | 7 Comments

Geithner Aides Worked With AIG for Months on Bonuses

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Monday, March 23, 2009 BREAKING Since the fall of last year, senior aides to Timothy Geithner have closely dealt with AIG on compensation issues including executive bonuses, both from his time as president of the Federal Reserve Bank of New … Continue reading →

Posted in AIG, Bailout, News, Tim Geithner | Tagged , , , | 17 Comments

Obama Implies Rejection of House Bonus Tax Plan

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Monday, March 23, 2009 Yesterday I asked the question, what happens if President Obama refuses to sign the House-sponsored bill that slaps a punitive 90 percent tax on bonuses to executives at financial institutions like AIG who received taxpayer bailout … Continue reading →

Posted in Bailout, News, Politics, President Barack Obama, U.S. Economy | Tagged , , , , , | 13 Comments

What if Obama Doesn’t Sign the AIG Tax Bill?

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Sunday, March 22, 2009 I hate to be a buzz kill but here’s some food for thought. What happens if President Obama refuses to sign the House-passed bill taxing the criminally obscene AIG bonuses at 90% into law? What do … Continue reading →

Posted in Bailout, News, President Barack Obama | Tagged , , , | 9 Comments

House Approves 90% Tax on Bonuses After Bailouts

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Friday, March 20, 2009 By a vote of 328-to-93, the U.S. House of Representative approved a 90% tax on bonuses paid this year to employees of AIG. Nearly half of House Republicans joined Democrats in supporting the measure,which would tax … Continue reading →

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BREAKING: “I Was Responsible for [AIG] Bonus Loophole”

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Thursday, March 19, 2009 Senate Banking committee Chairman Sen. Dodd told CNN’s Dana Bash and Wolf Blitzer Wednesday that he was responsible for adding the bonus loophole language into the stimulus package that permitted AIG and other companies that received … Continue reading →

Posted in Bailout, Congress, Democrats, News, Politics, U.S. Economy | Tagged , , , , , , | 10 Comments

Quote of the Day

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Tuesday, March 17, 2009 “Follow the Japanese model: resign or go commit suicide.” — Sen. Charles Grassley (R-IA), in the Washington Post on AIG executives who took bonuses despite a massive government bailout

Posted in Bailout, News, Politics | Tagged , , , , | 10 Comments