Economy -- A Pain In The AIG

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White House

pr.thinkprogress.org - 3/16/2009

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ECONOMY A Pain In The AIG One of the main reasons the federal government had to intervene and use billions of taxpayer dollars to prop up the nation's financial institutions is that they were considered to be " too big to fail ." In other words, these companies had become so massive that their ...

krugman.blogs.nytimes.com - 3/20/2009

AIG

— krugman.blogs.nytimes.com — 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 ... (more) AIG

White House

Barack Obama

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takebacktheeconomy.org - 3/13/2009

Take Back the Economy

— takebacktheeconomy.org — Take Back the Economy (more) Take Back the Economy

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thinkprogress.org - 3/16/2009

Frank on AIG: ‘Maybe it’s time to fire some people.’

— thinkprogress.org — Over the weekend, the revelation that bailed-out insurance firm AIG was still doling out hundreds of millions... in “retention bonuses” sparked bipartisan outrage . On NBC’s Today Show this morning, Rep. Barney Frank (D-MA) called for ... (more) Frank on AIG: ‘Maybe it’s time to fire some people.’

Congress

Barney Frank

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Blog Reactions

Think Progress: McCain flips on AIG bailout one more time: We never should have rescued them.

The Hollywood Liberal: McCain flips on AIG bailout one more time: We never should have rescued them.

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McCain flips on AIG bailout one more time: We never should have rescued them.
Think Progress — ... insurance were at risk here.” But today — after learning of the AIG’s plans to award $165 million in bonuses to its employees — McCain apparently decided that saving “literally millions of people” from financial ruin wasn’t worth it: While McCain seems to believe that the only way to deal with AIG’s misuse of its bailout funds is to not to offer such bailouts in the first place, other options exist. As Pat Garofalo explains, nationalizing AIG and giving the Treasury ...

McCain flips on AIG bailout one more time: We never should have rescued them.
The Hollywood Liberal — ... millions of people whose retirement, whose investment, whose insurance were at risk here.” But today — after learning of the AIG’s plans to award $165 million in bonuses to its employees — McCain apparently decided that saving “literally millions of people” from financial ruin wasn’t worth it : mccain_tweet.jpg While McCain seems to believe that the only way to deal with AIG’s misuse of its bailout funds is to not to offer such bailouts in the first place, other options exist . As Pat Garofalo explains, nationalizing AIG and giving the Treasury ...