Aig

Class Warfare with a TARP

Michael B. Laskoff | Posted 11.17.2008 | Business

Read More: American Express, Aig, Goldman Sachs, Operation Iraqi Freedom, Chrysler, General Motors, Bailout, No Child Left Behind, Clean Skies, Ford, Financial Crisis, Henry Paulson, Tarp, Business News
Michael B. Laskoff

It stands for Troubled Asset Relief Program, but the first word should really be Troubling. The haste with which it was created... is the best evidence of its flawed nature.

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Fat Cat CEOs, Bailout on Wall Street and 'Say on Pay'

Arlene M. Roberts | Posted 11.17.2008 | Business

Read More: Performance Based Equity, Shareholder Interest, Performance Pay, John Waggoner, James W. Keyes, Corporate Governance, Golden Parachutes, Troubled Asset Relief Plan, Verizon, Say on Pay, Vonda Brunsting, Blockbuster Inc., Value Creation, Bailout, Executive Compensation, Tarp, Aflac, Federal Bailout, Bankruptcy, Recession, Goldman Sachs, Merrill Lynch, Aig, Henry Paulson Goldman Sachs, Congressional Bailout, Henry Paulson, Bear Stearns, Lehman Brothers Bankruptcy, Chief Executive Officers, Business News
Arlene M. Roberts

Corporate Executives jump ship, golden parachutes intact, while employees lower down the totem pole walk away having lost retirement accounts, nest eggs and health care coverage.

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Top 10 Bailout-Sponsored Junkets (SLIDESHOW)

Business Sheet | Kamelia Angelova | Posted 11.13.2008 | Business

Read More: Aig, Bailout, Finance, Economy, Financial Crisis, Bailout Junkets, Slideshow, Bailout Bonuses, Business News

Eat, drink, and be merry -- someone will bail you out. After the humiliation of haggling over bailouts, there comes the post-bailout party. Staff of ...

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What the Hell is Paulson Thinking???

Howard Schweber | Posted 11.12.2008 | Business

Read More: Aig, Paulson, Bailout, Financial Crisis, Treasury, Federal Reserve, Credit Crisis, Tarp, Mortgage Crisis, Geithner, Business News
Howard Schweber

Paulson now says that the administration will not, after all, use any of the $700 billion to purchase asset-based securities. At this point it seems salient to ask, what the hell is going on?

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The AIG Bailout Money Pit: Is It Finally Being Done Right?

New York Times | Posted 11.11.2008 | Business

Read More: Aig, Bailout, Finance, Economy, AIG Bailout, Financial Crisis, New AIG Bailout, Business News

The American International Group has become a money pit for the United States government, Breakingviews says. The insurance giant's new $150 billion ...

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Government Adds $40 Billion To Aid For AIG

AP | JEANNINE AVERSA | Posted 11.10.2008 | Business

Read More: Aig, Bailout, Finance, Financial Crisis, Economy, AIG Bailout Money, AIG Bailout Total, New AIG Bailout, Business News

WASHINGTON — In a record bailout of a private company, the government on Monday provided a new $150 billion financial-rescue package to troubled...

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AIG reportedly near deal on new government bailout

AP | Posted 11.09.2008 | Business

Read More: American International Group, Financial Crisis, Aig, AIG Bailout, Wall Street, Economic Crisis, Air Government Bailout, Business News

NEW YORK — American International Group Inc. late Sunday was reportedly near a deal for a revised bailout package from the U.S. government that ...

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Insurers Lining Up for that Bailout Pie

Deborah Senn | Posted 10.31.2008 | Business

Read More: Deregulation, Treasury, Aig, Prudential, Bailout, Financial Services Roundtable, Insurance, The Hartford, Metlife, Financial Crisis, Insurance Bailout, Business News
Deborah Senn

The insurers, having heard that Hank Paulson at Treasury is writing huge checks to bailout troubled banks, are pushing for government to help them get over their financial problems too.

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AIG's Bailout Total Rises To $144 Billion

New York Times | MARY WILLIAMS WALSH | Posted 10.31.2008 | Business

Read More: Aig, AIG Taxpayer Money, Bailout, Finance, Economy, AIG Bailout, Financial Crisis, AIG $144 Billion, Business News

The company said it would be able to borrow up to $20.9 billion under the new program, raising its maximum available credit from the Fed to $144 billi...

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The Republican Collapse: 100 Years In The Making

Martin Nolan | Posted 10.30.2008 | Home

Read More: Karl Rove, John McCain, Ronald Reagan, Thomas Dewey, Capitalism, Robert Taft, Aig, Dwight Eisenhower, Theodore Roosevelt, Lehman Brothers, Barry Godlwater, Nelso Rockefeller, Margaret Thatcher, Henry Paulson, Bear Stearns, William Howard Taft, Woodrow Wilson., Home News
Martin Nolan

THE REPUBLICAN COLLAPSE: 100 YEARS IN THE MAKING Even amid the stressful heat of the campaign, the candidate could not escape the obvious. "The Republ...

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A.I.G. Burning Through $123 Billion Fed Loan With No Explanation

New York Times | MARY WILLIAMS WALSH | Posted 10.30.2008 | Business

Read More: Aig Fed Loan, Aig Running Out of Money, Aig, Financial Crisis, Aig Ig, AIG Loan, Wall Street, Business News

The American International Group is rapidly running through $123 billion in emergency lending provided by the Federal Reserve, raising questions about...

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Why The Government Can't "Fix" the Crisis

Danny Schechter | Posted 10.25.2008 | Business

Read More: Moral Hazard, Bernanke, Hedge Funds, Consumer Spending, Greenspan, Fianacial Crisis, Greed, Treasury Department, Depression, Free Market Capitalism, Federal Reserve Bank, Market Confidence, James Suriwieki, Capitalism, Recession, Lehman Bros, Aig, JPMorgan Chase, Consumer Confidence, Wall Street Crash, Congressional Bailout, William Buitner, Bear Stearns, Alan Greenspan, Market Collapse, Business News
Danny Schechter

In what was for many an unbelievable chain of events, markets started melting down, confidence shattered and believers in unregulated transactions realized something was very, very wrong.

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AIG Woes To Cost RTA Millions

AP | Posted 10.24.2008 | Chicago

Read More: Aig, Metra, Regional Transportation Authority, U.S. Treasury, Cta, American International Group, Stephen Schlickman, Rta, AIG RTA, Chicago News

CHICAGO -- The Regional Transportation Authority is among about 30 transit agencies around the nation that could be on the hook for millions of dollar...

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AIG May Need More Money, Says Chief

DealBook | Posted 10.23.2008 | Business

Read More: AIG Bailout, Federal Reserve, Aig, Finance, Economy, Edward Liddy, Business News

American International Group may need even more money than the $122.8 billion that the federal government is loaning the company to avoid collapse, ac...

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AIG Freezing Severance Payments To Former Execs

Reuters | Lilla Zuill | Posted 10.22.2008 | Business

Read More: AIG Bailout, Aig, American International Group, AIG Executives, Business News

Troubled insurer American International Group Inc will freeze payments to a former CEO and officers of the unit that was the main source of its financ...

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The Anatomy of the Financial Crisis and Why We Must Get It Right

Mort Zuckerman | Posted 10.22.2008 | Business

Read More: Great Depression, Mort Zuckerman, Aig, Credit Squeeze, Lehman Brothers, Hedge Funds, Financial Crisis, Wall Street Crisis, Credit Crunch, Wall Street, Credit Markets, Recession, Mort Zuckerman Finance, Ben Bernanke, Business News
Mort Zuckerman

The danger is that politicians, who have little understanding of the financial world, may draw the wrong conclusions from Wall Street follies and make the wrong decisions as they try to revive our financial system.

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Cramer Vs. AIG: "Mad Money" Man Attacks AIG Employees, Apologizes

Business Sheet | Jay Yarrow | Posted 10.21.2008 | Business

Read More: AIG Employees, Aig, Cramer Apology, Hound Them AIG, Cramer vs. AIG, Cramer AIG Comments, Jim Cramer, Business News

After Jim Cramer implored his viewers to hound AIG employees last Thursday, he's seen the error of his ways. On last night's show, before the news bro...

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With $85B In Special Loans Set, AIG Suspends Lobbying

Blogging Stocks | Zac Bissonnette | Posted 10.21.2008 | Business

Read More: AIG Bailout, AIG Loans, Aig, Lobbying, AIG Lobbying, Business News

Having secured $85 billion in special loans from the United States taxpayer, American International Group (NYSE: AIG) has suspended its lobbying effor...

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Financial Crisis Hurting Office Market

Crain's Chicago Business | Thomas A. Corfman | Posted 10.20.2008 | Chicago

Read More: Merrill Lynch, Aig, J.P. Morgan Chase, Lehman Brothers, Financial Crisis, Credit Crisis, Bear Stearns, Wachovia, Chicago Office Market, Chicago News

(Crain's) -- J. P. Morgan Chase & Co. has terminated a 52,100-square-foot lease of a former Bear Stearns Cos. office in the Central Loop, as Wall Stre...

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AIG Gives New Meaning to "F*ck-You Money"

Stephen H. Baum | Posted 10.19.2008 | Business

Read More: Financial Crisis, AIG Bailout, Aig, Wall Street Crisis, Economy, Business News
Stephen H. Baum

Now F*ck-You Money means treating the taxpayers' money and the shareholders' money as yours to burn and rebuffing any criticism.

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AIG Fraud Case: Using the Market To Set Jail Terms

BusinessWeek | Michael Orey | Posted 10.17.2008 | Business

Read More: Fraud, Aig, Ronald Ferguson, Bailout, AIG Loss Reserves, Economy, AIG Shareholders, AIG Fraud Case, AIG Bailout, Business News

In coming weeks, five former insurance executives, including General Reinsurance ex-CEO Ronald Ferguson, are due to appear in federal court in Hartfor...

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Paint McCain a Red-Baiter

Leo W. Gerard | Posted 10.17.2008 | Politics

Read More: Free Markets, Joe Mccarthy, John McCain, Hewlett-Packard, Communist, Commie, Credit Default Swaps, Barack Obama, Ubs, Aig, Red States, Golden Parachute, Wall Street, Commodity Futures Modernization Act of 2000, Ceo, Deregulation, Phil Gramm, Glass-Steagall Act, Joe Mccain, Class Warfare, Carly Fiorina, Red-Baiting, Politics News
Leo W. Gerard

The "small government" Bush and Republican Congress increased spending, thus replacing the budget surplus bequeathed them with deficits.

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A.I.G To Help NY Atty General Recover Millions In Executive Pay

New York Times | Andrew Ross Sorkin | Posted 10.16.2008 | Business

Read More: Aig, Andrew Cuomo, American International Group, New York Attorney General, Business News

American International Group agreed Thursday to help the New York State attorney general's office recover tens of millions of dollars in improper expe...

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Another AIG Party: $86,000 Worth Of Partridge Hunting

Business Sheet | Caroline Waxler | Posted 10.16.2008 | Business

Read More: Aig, AIG Hotel, Ceos, Economy, AIG Hunting Trip, AIG Bailout, Financial Crisis, AIG Executives, AIG Party, Golden Parachutes, Wall Street, Business News

But the UK's News Of The World via The NY Daily News has some juicy details, obtained from a spywitness!: In interviews with undercover reporters, th...

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Financial Crisis Leaving Most Feeling A Bit... Cheated (VIDEO)

Wallstrip.com | Posted 10.15.2008 | Business

Read More: Debt, Aig, Wall Street, Bailout, Finance, Economy, AIG Bailout, Video, Baldwins, Business News

Wallstrip's Julie Alexandria delivers a swift recap of the bailout and a bleak, brief picture of the future. Best moment? Well, I'll save it for you, ...

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