Posts Tagged ‘aig’

Dodd Bill


What’s wrong with the financial reform bill being pushed by the White House? Here’s one of fourteen points highlighted by the Heritage Foundation. Section 113 of the bill establishes a “Financial Stability Oversight Council,” charged with identifying firms that would “pose a threat to the financial security of the United States if they encounter “material […]

Blame Game


I wish I’d been in the room.

Baracko Bomber


Krauthammer. 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. Time. And the remedies Congress is in a fever pitch to approve may well end up hurting the rescue efforts. The bonus bills, which would apply to […]

Mad Men


The guys at AIG, the ones who brought the company to its knees but got their retention bonuses? They’re indispensable, like  Tim Geithner, right? That’s what Obama folks keep telling us. But a former senior Financial Products executive who spent eight years at the firm disagreed. Because the division is shrinking and no longer seeking […]

Summers Day


Yesterday, they were victims again, and there was nothing much the Obama administration could do about the fact that AIG is paying out millions in retention bonuses to the exact fools who brought the company down. Obama economic adviser Larry Summers told Bob Schieffer that Secretary Geithner has negotiated very forcefully with AIG, and he […]

Bigger Piggies


The pigs at the top are starting to wonder if it’s worth getting up in the morning. The high-flying execs at Citigroup caved under pressure from President Obama and decided today to abandon plans for a luxurious new $50 million corporate jet from France. Have you seen the little piggies Crawling in the dirt And […]