yglesias.thinkprogress.org - 3/19/2009
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Maybe this is stupid, but couldn’t the administration just . . . not pay the AIG bonuses? As in, rather than direct Tim Geithner to find a way to not pay them, just order AIG to not pay them. Order first. Let the AIGsters sue. Then while the suit is playing out, have some lawyers ...
michellemalkin.com - 3/19/2009
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michellemalkin.com —
The House is set to vote today on
the retroactive, confiscatory 90 percent tax on bailout-funded bonuses....
[...] Read the rest »
(more)
First, they came for AIG bonuses
features.csmonitor.com - 3/19/2009
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features.csmonitor.com —
1. Shane Powers | 03.19.09 Wow, I still
can not believe Obama is president. He is the...
worst I have ever seen. His reckless off cuff remarks about AIG will only make the situation worse for a company that is trying to survive and pay back the debt to ...
(more)
Obama: It’s like AIG has a bomb strapped to them
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The AIG Contract
Obsidian Wings —
... As Matt Yglesias wrote before he learned that the bonuses had already been paid, the government could also have instructed AIG not to pay the bonuses and let the people who destroyed the company take their chances before a jury of their peers. Personally, I'm glad the government did not do this. It would be one thing for Congress to override the contracts in some way. I gather they ...
The AIG Contract
Political Animal —
... performance standards this past year, they still keep the money paid this past weekend. The contract also appears as inviolable as it states. Of course, this is not to say that it cannot be broken some other way, such as through bankruptcy, taxation or perhaps legislation." I've read a lot of commentary suggesting that there has to be a way to show that these employees failed to meet the conditions of the contract. If Prof. Davidoff is right, there probably isn't. As Matt Yglesias wrote before he learned that the bonuses had already been paid, the government could also have ...
Related Content
AIG is doing it again
americablog.com 3/15/2009 — What the hell does it take to get someone to shut this team down? The AP is reporting $165 million in bonuses while the Wall Street Journal claims the number is $450 million . They obviously have too many friends in all the right places because this ...
Back To AIG
talkingpointsmemo.com 3/5/2009 — As reported earlier today, AIG -- which is already 80% owned by the US government -- is poised to go back to the government trough for more money.
(Remember, we've already committed roughly $150 billion to AIG.)
So I want to come back again ...
More AIG
calculatedriskblog.com 3/1/2009 — Note: For the grim economics news in graphs, please see my post yesterday: February Economic Summary in Graphs First a repeat of Eric's great AIG cartoon! Click on cartoon for larger image in new window. Cartoon from Eric G. Lewis From the ...
AIG - AIG News Articles
newser.com 3/18/2009 — What is Newser? Face it: there's too much news. At Newser, we choose the most important stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7 you can come back morning, ...
AIG Changes Its Name
blogs.abcnews.com 3/23/2009 — Valujet became ATA. Blackwater morphed into Xe. And New Kids on the Block changed to NKOTB. Plus, as we noted earlier, "toxic assets" today became "legacy loans." Amidst all this re-branding, AIG has emerged as AIU Holdings. Enjoy! - jpt
What do do about AIG?
meganmcardle.theatlantic.com 3/16/2009 — For all my sympathy with people whose stupid bets got us into this mess, I am not overeager to hand them more of my hard-earned money. But the AIG retention bonuses raise a question the government is going to have to ask again and again before ...
AIG politics
politico.com 3/19/2009 —
For all that the AIG bonuses have given all sides grand new opportunities for posturing, all involved have been, at times, a bit uncertain of their footing.
Eric Cantor got hammered this morning for not offering a specific solution to ...
They Came for the AIG Bonuses, but I was not an AIG Employee…
proteinwisdom.com 3/21/2009 — Forget for a moment that the legislation to tax back the bonuses from AIG is a Bill of Attainder.
Forget that Bills of Attainder are prohibited by the Constitution. That part is of course easy to forget..Congress gave up on it long ago.
Forget that ...
AIG Again
washingtonmonthly.com 2/2/2009 — AIG Again From the WSJ: "American International Group Inc. is in discussions with the government about Washington backstopping some of its troubled assets and is considering selling units through initial public offerings. (...) Backstopping of assets ...
The AIG Outrage
realclearpolitics.com 3/18/2009 — This whole AIG fiasco -- where the entire political class is suddenly screaming over bonuses paid to derivative traders in AIG's financial-products division -- is just a complete farce. What it really shows is how the government has completely bungled ...
Should Geithner Resign? —
WSJ.com: Washington Wire 3/18/2009
In the ongoing political fallout over the $165 million in bonus payments paid to American International Group Inc. employees, Treasury Secretary Tim Geithner is being cast as one of the villains.
White House spokesman Robert Gibbs on Tuesday ...
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