politico.com - 3/19/2009
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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 the question of how to recoup the bonuses.
...
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
theplumline.whorunsgov.com - 3/19/2009
news.yahoo.com - 3/19/2009
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news.yahoo.com —
AP - Under intense pressure from the Obama
administration and Congress, the head of bailed-out insurance giant
AIG declared Wednesday that some of the firm's executives have begun returning all or part of bonuses totaling $165 million.
(more)
AIG bonuses: Some repaid, Congress to vote on tax
(AP)
Comments
Blog Reactions
All grandstanding, no follow through?
Political Animal —
... had half of a good idea. They would have been far better off, though, if they'd come up with an end game to the grandstanding. GOP lawmakers knew they were "outraged." They knew how "angry" the AIG bonuses made them. They explained to the nation, as loudly as possible, that they found the whole mess "unacceptable." But given a chance to get the bonus money back, these same GOP lawmakers aren't so sure that's a good idea. Take a look at this interesting exchange on MSNBC this morning, by way of Ben Smith . House Minority Whip Eric Cantor (R-Va.) said he wanted to see the bonus ...
No More Mister Nice Blog —
... House Minority Leader John Boehner (R-Ohio) said he will vote "no" on efforts to recoup the AIG money. Several leading conservative lawmakers in both chambers have said the same thing. And just for real fun, Grover Norquist told the 172 representatives and 35 senators who signed an anti-tax pledge that if they support getting back the AIG bonuses, they'll be violating their written promise to the conservative movement. And Eric Cantor is unwilling to say what he'll do. Well, so much for "Split Emerging Between Conservative Media And ...
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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 ...
The Politics of AIG
poliblogger.com 3/21/2009 — The politics of the AIG situation is interesting, as it demonstrates that while broad and complicated policy may not fully register in the minds of the public, a smaller, specific and easier to understand action can capture public attention and lead ...
AIG
yglesias.thinkprogress.org 3/19/2009 — 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 ...
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 ...
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, ...
Why The AIG Bonuses Were Right
rhymeswithright.mu.nu 3/26/2009 — I've not commented on whether or not those bonuses to AIG executives should have been paid or not. I've heard lots of discussion both ways on the issue. But today's New York Times carries the resignation letter of one of...
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
AIG
krugman.blogs.nytimes.com 3/20/2009 — Preliminary thoughts on the tax bill:
1. It's not the way you should make policy - it's clumsy, and it will punish some innocent parties while letting the most guilty off scot-free
2. But - there wasn't much alternative at this point. And for that I ...
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 ...
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