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On AlterNet: aig

Stories, blog posts, and videos tagged as "aig"

New CEO to AIG:

New CEO to AIG: "It's Not Your Fault, It's Their Fault."

Matt Taibbi, True/Slant AlterNet: Corporate Accountability and WorkPlace. August 21, 2009.
Robert Benmosche is trying to boost morale of employees who seem anxious they might never again make obscene, undeserved bonuses.

Taibbi: How Goldman Sachs Profited from the Economic Meltdown

Taibbi: How Goldman Sachs Profited from the Economic Meltdown

Amy Goodman, Democracy Now!. July 17, 2009.
Matt Taibbi argues that "Goldman Sachs has engineered every major market manipulation since the Great Depression."

Hundreds of Thousands of Workers Will Lose Unemployment Benefits Soon

Hundreds of Thousands of Workers Will Lose Unemployment Benefits Soon

Marie Cocco, Washington Post Writers Group. July 10, 2009.
Workers laid off early in the downturn are soon to be left without the basic sustenance of an unemployment check.

More AIG Bonuses Coming Down the Pipe?

Brady Dennis and David Cho, The Washington Post July 9, 2009.

How Big is AIG’s Bailout ... Really?

ProPublica July 7, 2009.

"Suck on Our Yachts": Goldman Sachs Issues Non-Apology for Destroying the World Economy

Matt Taibbi, True/Slant. June 22, 2009.
Goldman Sachs chief Lloyd Blankfein says he's sorry, then proceeds to brag about screwing us all.

AIG Bonuses Nearly Four Times Larger Than Originally Disclosed

AIG Bonuses Nearly Four Times Larger Than Originally Disclosed

David Sirota, Open Left AlterNet: PEEK. May 6, 2009.
Maybe Congress will do something now...nah, probably not.

Michael Moore: Madoff Is a Convenient Distraction for a Bunch of Crooks Who Aren't in Jail

Michael Moore: Madoff Is a Convenient Distraction for a Bunch of Crooks Who Aren't in Jail

Michael Moore, Time Magazine. May 2, 2009.
Had Madoff just followed the example of his fellow tycoons, he could have legally multiplied his wealth many times over, legally.

'Too Big to Fail' Is Too Big -- Period

'Too Big to Fail' Is Too Big -- Period

Jim Hightower, Creators Syndicate. April 4, 2009.
The "too big" claim forms the rationale for the diversion of regular people's money into rich people's pockets.

Merrill Lynch Bonuses Were 22 Times the Size Of AIG's

Merrill Lynch Bonuses Were 22 Times the Size Of AIG's

Megan Slack, Huffington Post. March 31, 2009.
Merrill Lynch's bonuses to execs totaled $3.6 billion, one-third of the money they received from the feds' TARP bailout.

The Great Afghan Bailout: The AIG of American Foreign Policy

The Great Afghan Bailout: The AIG of American Foreign Policy

Tom Engelhardt, Tomdispatch.com AlterNet: War on Iraq. March 30, 2009.
Time to change names, switch analogies.

AIG Exec Whines About Public Anger, and Now We're Supposed to Pity Him? Yeah, Right

AIG Exec Whines About Public Anger, and Now We're Supposed to Pity Him? Yeah, Right

Matt Taibbi, AlterNet. March 26, 2009.
AIG exec Jake DeSantis' NY Times letter asking for us to chill out about his poor overworked employees is a sick joke.

Matt Taibbi, Jane Hamsher, and Robert Johnson: Should Geithner Go?

Matt Taibbi, Jane Hamsher, and Robert Johnson: Should Geithner Go?

Laura Flanders, GRITtv AlterNet: Video. March 26, 2009.
If you were pissed off before, well, brace yourself.

The Real AIG Scandal: How the Game Is Rigged at Wall Street's Casino

The Real AIG Scandal: How the Game Is Rigged at Wall Street's Casino

Lucy Komisar, AlterNet. March 26, 2009.
Congress has deftly avoided the real story of AIG's collapse, which will make a few million in bonuses seem like peanuts.

Will Anger at AIG and Geithner's New Bank Plan Help Unions?

Will Anger at AIG and Geithner's New Bank Plan Help Unions?

Art Levine, Huffington Post. March 25, 2009.
There's a chance that the fury over those AIG bonuses and bungled bailouts may be channeled into real economic, labor rights and health-care reform.

Maxine Waters Grills Geithner on Goldman Sachs Ties

Maxine Waters Grills Geithner on Goldman Sachs Ties

Arthur Delaney, Huffington Post AlterNet: Corporate Accountability and WorkPlace. March 24, 2009.
"... underneath all of this is a conversation about the linkages and the connections of a small group of Wall Street types that are making decisions."

Shamed: 15 of 20 Top AIG Bonus Recipients Return the Money

Shamed: 15 of 20 Top AIG Bonus Recipients Return the Money

Marcus Baram, Huffington Post AlterNet: PEEK. March 23, 2009.
In a conference call with reporters, Cuomo also added that 9 of the top 10 recipients had given back the bonuses.

The Big Takeover: How Wall Street Insiders are Using the Bailout to Stage a Revolution

The Big Takeover: How Wall Street Insiders are Using the Bailout to Stage a Revolution

Matt Taibbi, RollingStone.com. March 23, 2009.
The global economic crisis isn't about money -- it's about power.

Geithner Admits Treasury Pushed for Bonus Loophole, Takes Full Responsibility

Geithner Admits Treasury Pushed for Bonus Loophole, Takes Full Responsibility

Nick Sabloff, Huffington Post AlterNet: Video. March 19, 2009.
Geithner confirmed that his department had pushed Dodd to add a loophole in the federal stimulus bill allowing bailout recipients to receive bonuses.

Was Eliot Spitzer Taken Out Because He Was Going to Bust AIG?

Was Eliot Spitzer Taken Out Because He Was Going to Bust AIG?

Melina Ripcoco, Brilliant at Breakfast AlterNet: PEEK. March 19, 2009.
America is known for its great second acts, and we may be witnessing the curtain rising on Spitzer's.

AIG Anger: House Passes Heavy Tax on Bonuses

AIG Anger: House Passes Heavy Tax on Bonuses

Steve Benen, Washington Monthly AlterNet: Corporate Accountability and WorkPlace. March 19, 2009.
The Republican alternative -- a non-binding measure asking the Treasury Department to think of something -- was rejected. Imagine that.

Jon Stewart Nails Bernanke on AIG Bonuses

Jon Stewart Nails Bernanke on AIG Bonuses

Staff, The Daily Show with Jon Stewart AlterNet: Corporate Accountability and WorkPlace. March 19, 2009.
Why do we keep giving out the Nobel Prize for Evil? It just gives companies like AIG an incentive to be evil.

 White People are Terrifying: 'Daily Show' Takes on 'New Face of Crime'

White People are Terrifying: 'Daily Show' Takes on 'New Face of Crime'

Alex Leo, Huffington Post AlterNet: Video. March 19, 2009.
Let's face it, white men in suits are terrifying.

Is Timothy Geithner an Idiot, or Just Lying Through His Teeth?

Is Timothy Geithner an Idiot, or Just Lying Through His Teeth?

Jane Hamsher, Firedoglake AlterNet: Corporate Accountability and WorkPlace. March 19, 2009.
Elijah Cummings knew about $1 billion in bonuses for "months" ... why didn't Timothy Geithner?

How Timothy Geithner's Bailout Plan Created the AIG Bonus Scandal

How Timothy Geithner's Bailout Plan Created the AIG Bonus Scandal

Chris Bowers, Open Left AlterNet: Corporate Accountability and WorkPlace. March 19, 2009.
The failure of a public-private bailout strategy.