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washingtonpost.com - 3/19/2009

Inside AIG-FP, Feeling the Public's Wrath

— washingtonpost.com — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from... the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ... (more) Inside AIG-FP, Feeling the Public's Wrath

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opensecrets.org - 3/16/2009

Before the Fall, AIG Payouts Went to Washington

— opensecrets.org — As long as everyone's talking today about AIG's payouts to its executives and foreign banks, let's remember... the payouts AIG has made over the years to politicians. In the last 20 years American International Group (AIG) has contributed more ... (more) Before the Fall, AIG Payouts Went to Washington

Congress

Washington, D.C

Christopher J. Dodd

Max Baucus

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4

online.wsj.com - 3/16/2009

Obama Asks Geithner to Find Way to Rescind AIG Payouts

— online.wsj.com — [President Obama and Treasury Secretary Timothy Geithner meet with small business owners and community lenders on Monday.]... Associated Press President Obama and Treasury Secretary Timothy Geithner meet with small business owners and community lenders ... (more) Obama Asks Geithner to Find Way to Rescind AIG Payouts

White House

Timothy Geithner

Barack Obama

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AIG Scrutiny: Basic Questions for Media and Congress Alike
Firedoglake — ... You know it's bad when even the WSJ's headline screeches about growing wrath toward AIG's bonuses. Retention bonuses for companies on the brink of financial ruin are not new. KMart paid them when they filed restructuring bankruptcy a few years ago to keep upper management who knew how to run supplier networks or other crucial components from jumping to a healthier business. Under certain stressed conditions, they can make good business sense. But, as we reported yesterday, the AIG bonus issue is a bit more ...

Pelosi: Congress to try to recover AIG funds
Daily Kos — ... After learning over the weekend that $450 billion in bonuses were paid out to executives in charge of the unit responsible for the insurance behemoth's crash, critics hit the airwaves expressing what the Wall Street Journal characterized as "growing wrath," and House Speaker Nancy Pelosi announced that Congress will "examine legal options to recover taxpayer funds" from AIG, according to the speaker's blog, ...

Why AIG Bonuses Argue In Favor Of Bank Nationalization
Wonk Room — ... — and being confronted by Treasury Secretary Timothy Geithner — insurance giant American International Group (AIG) still plans to pay out $165 million in employee bonuses and retention pay. AIG’s chief executive Edward Liddy expressed “grave concerns” about the company’s ability to retain staff if the bonuses — allegedly promised before AIG accepted taxpayer money — were renegotiated. The bonuses have sparked considerable outrage in the administration and on Capitol Hill, and the White ...

If Obama Didn’t Like Geithner’s AIG Bonus Deal, Why Didn’t He Stop It?
Firedoglake — ... But the $286 million is only a portion of the $1.2 billion in bonuses that AIG is "contractually obligated" to pay out to its executives this year ($450 billion to Financial Products plus $121.5 in incentive bonuses plus $619 in "retention payments"): ...

Jane Hamsher: Obama's AIG Comments Raise More Questions Than They Answer
Politics on HuffingtonPost.com — ... But the $286 million is only a portion of the $1.2 billion in bonuses that AIG is "contractually obligated" to pay out to its executives this year ($450 billion to Financial Products plus $121.5 in incentive bonuses plus $619 in "retention payments") : ...