Category Archives: Bailout

AIG: Too Immoral to Survive

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

Posted in AIG, Bailout, News | Tagged , , , | 4 Comments

Does Obama Hate the Auto Workers?

Tuesday, March 31, 2009 When lawmakers demanded strict conditions placed on the Big Three Automakers before their request for a bridge loan was approved, many said it was a clear case of Washington elites attacking people who shower after work … Continue reading

Posted in Bailout, Big Three Automakers, President Barack Obama, U.S. Economy | Tagged , , , , | 8 Comments

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

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

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

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

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

Federal Bailout Cash Goes to Political Contributions

Sunday, March 22, 2009 Where the bailout money is going has caused angst inside the Beltway. The news that AIG used Federal TARP money to pay their failed executives $214 million in bonuses resulted in plenty of outrage on Capitol … Continue reading

Posted in Bailout, Congress, News | Tagged , , | 9 Comments