Posts tagged as:

AIG

More Bonuses and Unpaid Corporate Taxes

March 20, 2009

Following the AIG bonus bungle, it is now reported that Fannie Mae is set to write bonus checks into the millions of dollars.

And reports surfaced that beleaguered mortgage giant Fannie Mae was set to pay millions in retention bonuses — the very sort of payouts that has fueled condemnation of AIG all this [...]

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Edward Liddy Faces House Finance Subcommittee

March 18, 2009

Like everyone else in the country I am angry about the AIG retention bonuses.  But…
As I watched the first part of Edward Liddy’s testimony before the House Finance Subcommittee today, I was struck with a feeling of embarrassment.  Oh, I’m not going to say I have changed my mind on the bonuses.  I haven’t.  But, [...]

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I Work for AIG… and So Do You

March 15, 2009

And, perhaps the time has come for all of us to stage a walk-out!  We learned today that the UN-American International Group, which has survived on the dollars generated from the work you and I do by way of our tax dollars, is paying out millions of dollars in bonuses to those who are “too [...]

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How Bad is the Economic Crisis?

March 2, 2009

Perhaps, no one really knows how bad the economic condition of the nation is.  Or, perhaps “they” just aren’t saying.
… in an interview on the NBC “Today” show, Mr. Liddy said A.I.G. “was in much worse condition than I thought.” In addition, he said: “The economy is worse. The financial markets are worse.”
Words like the [...]

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AIG Gets More Money!

March 1, 2009

Still too big to fail, AIG is expected to report a $60,000,000,000.00 loss tomorrow morning. So, of course we know that Uncle Sam is on the white horse riding to rescue the Damn-Fools in distress.  We stand beside the notion that if it is too big to fail, it is too big. 
Giving more money to [...]

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Rep. Elijah Cummings Calls for AIG CEO Resignation

November 11, 2008

Democratic Representative Elijah Cummings of Maryland has the courage to call for the resignation of AIG’s CEO Edward Liddy, not just offer him a slap on the hand. The letter requesting the resignation can be found by following the link in red above.
Accordingly
An AIG spokesman has said that Cummings “was mistaken” about the nature [...]

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AIG Has a New $150 Billion Package, Thanks to You and Me

November 10, 2008

All I can say about the AIG bailout is that it reminds me of the time someone made me taste chitterlings (pronounced Chit-lins in the deep south). The more I chewed the piece of chitterling the bigger it seemed to get. And, it was just too damned tough to swallow. Yep, reminds [...]

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AIG Screws American Taxpayers Again and Again

November 10, 2008

NOVEMBER 6, 2008 ? AIG Advisor Group will host its 2008 Asset Management Conference (AMC) at the Point Hilton Squaw Peak hotel and conference facility in Phoenix, Arizona on November 5 – 7, 2008. Nearly 150 financial planners, who operate their own independent businesses and are not AIG employees will participate in the event. Financial [...]

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U.S. Buys Another $40 Billion of AIG Stock

November 10, 2008

Well, apparently $123 Billion didn’t do the trick for AIG. Today the Paulson and Bernanke team announced another $40 Billion will be used to purchase AIG stock. The additional $40 Billion will come from the TARP (Troubled Asset Relief Program) fund, the $700 Billion Congress approved for the bailout.
The revised bailout came as [...]

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AIG Eating Away at Tax Dollars

November 10, 2008

Something is starting to smell like a rotten AIG, and it is AIG. First there was the $85 Billion that the federal government infused into the “too big to fail” insurance company, the one that became too big by selling what amounted to imaginary insurance default swaps. Most Americans were and continue to [...]

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