news.yahoo.com - 3/17/2009
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AP - Joining a wave of public anger, President Barack Obama blistered insurance giant AIG for "recklessness and greed" Monday and pledged to try to block it from handing its executives $165 million in bonuses after taking billions in federal bailout money. "How do they justify this outrage to the taxpayers who are keeping the company afloat?" Obama asked. "This isn't just a matter of dollars and cents. It's about our fundamental values."
nytimes.com - 3/17/2009
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nytimes.com —
Do we really have to foot the bill
for those bonuses at the American International Group ?...
It sure does sting. A staggering $165 million for employees of a company that nearly took down the financial system. And heck, we, the taxpayers, own nearly ...
(more)
Dealbook - The Case for Paying the A.I.G. Bonuses
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Obama’s Proxy War On AIG
Boots and Sabers —
... President Obama, along with his Democrat and Republican cohorts, are economic morons . Joining a wave of public anger, President Barack Obama blistered insurance giant AIG for “recklessness and greed” Monday and pledged to try to block it from handing its executives $165 million in bonuses after taking billions in federal bailout money. “How do they justify this outrage to the taxpayers who are keeping the company afloat?” Obama asked. “This isn’t just a matter of dollars and cents. It’s about our fundamental values.” OK, let’s discuss a bit about capitalism. The people who ...
Recklessness and Greed
Pundits Blog —
... ) "This is a corporation that finds itself in financial distress due to recklessness and greed," President Obama thundered about AIG bonuses yesterday . Could he not also say the same thing about the federal government? There's no doubt our economy is in distress. Unemployment is over 8 percent; the Dow Jones Industrial Average, which Obama ...
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abcnews.go.com 3/16/2009 — President Obama publicly fumed today over plans by the bailed-out insurance giant AIG to reward it executives with $165 million worth of bonuses and asked his treasury secretary to "pursue every single legal avenue" to block them. "This is a ...
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Bonuses At AIG
obsidianwings.blogs.com 3/16/2009 — by hilzoy From the WSJ : "American International Group Inc. will pay $450 million in bonuses to employees in its financial products unit. That division was at the heart of AIG's collapse last fall, which compelled the U.S. government to provide ...
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 ...
Obama vows to stop AIG bonuses
swamppolitics.com 3/16/2009 — by Frank James
President Barack Obama reacted angrily today to reports that American Insurance Group employees received $165 million in bonuses even as the giant insurer was being sustained by billions of dollars of taxpayer money, saying he would ...
Some Will Pay Back AIG Bonuses
online.wsj.com 3/19/2009 — Some AIG employees have returned bonuses or intend to do so amid public outrage. Among them was Douglas Poling, who received the richest payment of more than $6.4 million.
Insurance giant AIG agrees to restructure bonuses
(AP)
news.yahoo.com 3/15/2009 — AP - American International Group is paying out millions of dollars in executive bonuses to meet a Sunday deadline. But the troubled insurance giant has agreed to administration demands to restrain future payments.
Those AIG bonuses
blog.seattletimes.nwsource.com 3/17/2009 — Early on the White House seemed to be saying executives at Astounding Institutional Greed were owed their bonuses totaling $165 million because of contractual obligations. Now in the face of howling public outrage, President Obama says he is ...
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