TagsTagsApparently, those AIG executives returned their bonuses because New York Attorney General Cuomo threatened to release their names to the angry populist mobs. An email from the head of a controversial unit at AIG suggests employees who gave up their bonuses did not do so voluntarily, but feared their names ...
We don’t expect honesty or integrity from our politicians in the United States any more, but it’s a bit shocking how corrupt the system really is—as the AIG scandal continues turning over rocks: Dodd’s Wife a Former Director of Bermuda-Based IPC Holdings, an AIG Controlled Company. No wonder Senator Christopher ...
Economy, Finance, Business, Financial Crisis, AIG, Chris Dodd
When even the President of the United States is demonizing AIG executives and talking about his “anger,” this is the kind of thing that results: Busload of Crazies to Tour Homes of AIG Executives This Weekend. This insanity is going to end up with someone getting hurt or killed. Less than ...
Charles Krauthammer on the absurd populist circus: Bonfire of the Trivialities. A $14 trillion economy hangs by a thread composed of (a) a comically cynical, pitchfork-wielding Congress, (b) a hopelessly understaffed, stumbling Obama administration, and (c) $165 million. That’s $165 million in bonus money handed out to AIG debt manipulators who ...
In case you haven’t already seen this news: Chris Dodd AIG admission: Senator says he helped adjust bill to allow bonuses. HARTFORD, Conn. — Sen. Christopher Dodd (D-Conn.) suffered a political blow Wednesday with the admission that he had been involved in key legislative changes that helped pave the way ...
Economy, Finance, Business, Financial Crisis, AIG, Chris Dodd
As politicians on both sides of the aisle make populist hay out of the AIG bonuses scandal, ABC News asks: Will Obama, McCain, Dodd Return Contributions From AIG Employees? AIG employees kept doling out donations to politicians, including presidential candidate Barack Obama, after getting bailed out with federal funds last ...
Here we see the current head of AIG Financial Products and former vice chairman of Morgan Stanley, Gerry Pasciucco, at an event called “Fiesta Cuba,” wearing a Che Guevara T-shirt. The photo comes from this page at Fairfield County Look, where we learn more about the fun-filled evening: Family Centers took ...
The problem with all of this populist outrage about the bonuses being paid to AIG executives is that the company is contractually obligated to pay them, which means that if AIG reneges, the execs can and will sue the pants off the already pantless insurance giant. That’s why Barack Obama, ...
President Obama has asked the Secretary of the Treasury to try to block AIG bonuses. WASHINGTON — President Obama vowed to try to stop the faltering insurance giant American International Group from paying out hundreds of millions of dollars in bonuses to executives, as the administration scrambled to avert a ...