opensecrets.org - 3/16/2009
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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 than $9 million to federal candidates ...
online.wsj.com - 3/16/2009
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online.wsj.com —
Troubled insurer American International Group Inc., now 80%
owned by U.S. taxpayers, spent the weekend deflecting mounting
criticism of how government funds have been funneled to various banks and used to pay employee bonuses at the business unit ...
(more)
AIG Faces Growing Wrath Over Payouts
online.wsj.com - 3/16/2009
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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
online.wsj.com - 3/17/2009
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online.wsj.com —
[House Financial Services Committee Chairman Rep. Barney Frank
on Capitol Hill Tuesday, where he joined the torrent
of criticism aimed at AIG.] Associated Press House Financial Services Committee Chairman Rep. Barney Frank on Capitol Hill Tuesday, ...
(more)
Cuomo Blasts Big AIG Payouts
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Remember Who ELSE got paid by AIG?
Patterico's Pontifications —
[Posted by Karl]
As Pres. Obama tries to lead the “outrage” over bonuses paid to execs at troubled insurance giant AIG — and AIG’s payments to foreign banks, etc. — with the taxpayers’ money, let’s take a moment to remember which taxpayer employees got paid by AIG:
Over time, AIG hasn’t shown an especially partisan streak, splitting evenly the $9.3 million it has contributed since 1989. In the last election cycle, though, 68 percent of contributions associated with the company went to ...
Lawrence Lessig: AIG: Will we solve the underlying problem?
Politics on HuffingtonPost.com —
... of the Top 100 contributors of all time. AIG split its money evenly between those in both parties who could help them the most -- especially those on key congressional committees that the public relied on to regulate financial corporations. ...
Murtha's Pet Lobbying Firm Is Closing Down-- Arrests To Follow
DownWithTyranny! —
... The cable TV ads, one of which I saw on CNN when I woke up at around 5AM, are typical Republican Party smear pieces. The ad singles out Dodd and President Obama as politicians who have taken money from AIG. Open Secrets gives a fuller and less partisan picture. ...
Jim Hightower: AIG's Scandalous Payments
The Latest on Air America —
... . “AIG Finds image, sales taking hits in bailout uproar,” Austin American Statesman,” March 24, 2009. “Before the fall, AIG Payouts Went to Washington,” www.opensecrets.org , March 16, 2009. More News from Air America : ...
Viking Pundit —
... money down the drain. Retailers are pushing hard to get you to buy extended warranties, or service plans, because they're cash cows. Stores keep 50 percent or more of what they charge for warranties. That's much more than they can make selling actual products. And so on. Look, people make poor financial decisions because they don't understand basic concepts like interest and debt rollover. And there are many in Congress who are willing to let the banks do whatever they want because they accept huge sums of campaign contributions . But I'm not at all convinced it's the role of ...
Related Content
Record cold weather payouts triggered as temperature hits -11C
timesonline.co.uk 1/8/2009 — Cold weather payouts for pensioners and the vulnerable reached record levels today after Britain s deep freeze plunged temperatures as low as minus 11C. Forecasters warned that tonight will be even colder. The Government s bill will rise over 100 ...
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 ...
AIG Says More Managers Get Retention Payouts Topping $4 Million
bloomberg.com 12/9/2008 — Dec. 9 (Bloomberg) -- American International Group Inc. , the insurer whose bonuses and perks are under fire from U.S. lawmakers, offered cash awards to another 38 executives in a retention program with payments of as much as $4 million. The ...
Goldman Sachs to make all-time record bonus payouts
guardian.co.uk 6/21/2009 — Surviving banks accused of undermining stability Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm's 140-year history after a spectacular first half of the year, sparking concern that the big investment banks ...
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 ...
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
Misinformation On The AIG Bonus Issue
talkleft.com 3/20/2009 — At daily kos, Lawrence Lessig writes: As we all know by now, insurance giant AIG sparked national outrage by paying more than $165 million in executive bonuses after receiving a $170 billion taxpayer bailout. What fewer people know is that AIG gave ...
Dodd: Oh Yeah, That's Right, I Did Allow For AIG Bonuses
jammiewearingfool.blogspot.com 3/19/2009 — A day after playing dumb and claiming he had no knowledge that his own loophole allowed for AIG bonuses to be paid, Connecticut's Christopher Dodd, increasingly on thin political ice, pulls an about face.Sen. Chris Dodd (D-Conn.) looks like he may be ...
2009/2010: Simmons to challenge Dodd —
First Read 3/16/2009
CONNECTICUT: The Hartford Courant reports that former Rep. Rob Simmons (R) announced yesterday that he will challenge Sen. Chris Dodd (D). “Although he had been considering the race seriously for more than a month, Simmons was highly encouraged by a ...
Democrat passes on New Hampshire Senate run —
CNN Political Ticker 3/16/2009
Rep. Carol Shea-Porter announced Monday she would not run for Senate in 2010.
WASHINGTON (CNN) - Rep. Carol Shea-Porter announced Monday she would not run for Senate in 2010, helping New Hampshire Democrats avert what could have been a divisive ...
Senate committee approves Gensler to head CFTC —
Reuters: Politics 3/17/2009
WASHINGTON (Reuters) - President Barack Obama's nominee to oversee U.S. futures markets, who has confessed he should have done more to rein in exotic financial instruments that have battered global markets, was approved by the Senate Agriculture ...
2010: Dodd vs. Simmons heats up —
First Read 3/17/2009
CONNECTICUT: The Wall Street Journal looks at how the now-vulnerable Sen. Chris Dodd is handling the AIG issue.
The DSCC fired off this statement in response to Rob Simmons’ declaration that he will run against Dodd: “Rob Simmons is no moderate – he ...
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