Posts tagged as:

AIG bailout

Where the AIG Money Went

March 15, 2009

For some reason, perhaps the anger that has been raging across the country following the announcement of more bonuses to be paid to AIG employees, AIG decided to tell us where the money went… at least part of it. Click here to see where some of our tax dollars went. For months AIG has failed [...]

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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 [...]

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AIG to Give Out Bonuses, TARP Money Gone Wild?

January 28, 2009

According to Bloomberg news, AIG, the insurance giant too big to fail is going ahead with plans to give out bonuses to to some 400 Wall Street employees to the tune of $450,000,000.  That is over $1,000,000 per employee. About 400 workers at New York-based AIG’s financial products unit may get $450 million in two [...]

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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 me of AIG. [...]

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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 A.I.G. [...]

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Who Is Minding the Bailout at AIG?

October 9, 2008

Oh, for heaven’s sake! What’s going on at AIG? Last month it was $85 Billion from the government to shore up the failing insurance giant. Infused with $85 Billion taxpayer dollars, the bigwigs go on retreat the next week. What’s up with that? Perhaps, someone needs to place a hall monitor on each floor of [...]

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