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AIG And The Failure Of Congressional Oversight

Michael Lewis has written an extraordinary piece on the AIG failure for Vanity Fair. As with most of his work, the article is informative, funny and written in an easy…

July 8, 2009 | Posted by | Comments Off

$210 million in bonuses for Fannie/Freddie

As Baron von Ottomatic previously noted, Fannie Mae and Freddie Mac — the poorly managed government-backed mortgage giants whose collapse largely precipitated the current economic crisis and triggered AIG’s credit…

April 4, 2009 | Posted by | Comments Off

General Motors And AIG

The Obama administration has given General Motors 60 days to come up with a plan to justify another round of tax payer infusions that would ostensibly stave off a bankruptcy…

April 2, 2009 | Posted by | Comments Off

Mike Rowe on the AIG bonuses

Via The Anchoress, here is a short blurb written by Mike Rowe, host of The Discovery Channel’s “Dirty Jobs”, in response to a reader’s question about the AIG bonus uproar:…

March 27, 2009 | Posted by | Comments Off

Not Enough

So President Obama wants government oversight of executive pay and bonuses at banks, investment firms, and God-only-knows where else as a part of proposed plan to “overhaul financial regulation.” Wow….

March 22, 2009 | Posted by | Comments Off

House Democrats pass punitive tax on AIG bonuses

Well, they did it; from Yahoo! News: Acting swiftly, the Democratic-led House approved a bill Thursday to slap punishing taxes on big employee bonuses at firms bailed out by taxpayers….

March 19, 2009 | Posted by | Comments Off

Everything you need to know about AIG, bailouts, and bonuses

Everything you need to know about AIG, bailouts, and bonuses

FoxBusiness is currently featuring this graphic, courtesy of OpenSecrets.org: There’s more on the AIG-Dodd story over at PoliGazette, where blogger Michael Merritt notes that the actual amount of money received…

March 18, 2009 | Posted by | Comments Off