On AlterNet: aig

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

Crank Up the Casino! Wall Street's Newest Ploy to Gorge on America's Economic Suffering

Lynn Parramore, New Deal 2.0. February 9, 2011.

The Wizards of Wall Street have looked over the catastrophe of cash-strapped America and found it good for business

5 Outright Illegal Scams That Should Put Wall St. Bankers Behind Bars

Zach Carter, AlterNet. September 21, 2010.

From laundering drug money to gouging you on overdrafts, here are five scams where Wall Street ran afoul of the law.

Elizabeth Warren Uncovered What the Govt. Did to 'Rescue' AIG, and It Ain't Pretty

William Greider, The Nation. August 9, 2010.

The government’s $182 billion bailout of insurance giant AIG should be seen as the Rosetta Stone for understanding the financial crisis and its costly aftermath.

"Lure People Into That Calm and Then Just Totally F--k 'Em": How All of Us Pay for the Derivatives Market

Zach Carter, AlterNet. June 11, 2010.

Derivatives are a hotbed of abuses and bailouts. So why are taxpayers footing the bill?

America's Ten Most Corrupt Capitalists

Zach Carter, AlterNet. May 13, 2010.

Wall Street's captains of industry and top policymakers in Washington are often the same people. A lot of them get rich by playing for both teams.

Congress Should Force Big Banks to Stop Gambling With Our Money

Jane D'Arista, Gerald Epstein, AlterNet. May 10, 2010.

The derivatives business is straight gambling. Why do we let economically essential banks gamble with taxpayer money?

Congress Goes to Bat For Wall Street, Rejects Plan To Break up Banks

Zach Carter, AlterNet. May 7, 2010.

Last night, Congress shot down the most important Wall Street reform.

Dems Break GOP's Attempted Filibuster in the Senate, But Proposed Wall Street Reforms Are Pretty Flimsy

Zach Carter, AlterNet. April 29, 2010.

The good news: Democrats didn't sacrifice much to break the GOP filibuster. The bad news: the Wall Street reform bill is still too weak.

Wall Street Took Your House and Your Retirement, Now They're After Your Social Security

Ellen Hodgson Brown, TruthOut.org. March 5, 2010.

Wall Street tycoon Pete Peterson wants to bring IMF-style economic insanity to the U.S. The scary part? He might get away with it.

Totally Corrupt TV: Corporate Lobbyists Pose as Disinterested Experts on Cable News

Sebastian Jones, The Nation. February 18, 2010.

Covert corporate influence-peddling is taking over cable news.

Is Obama Committing Political Suicide? President Calls Obscene Wall St. Bonuses 'Part of the Free Market System'

Zach Carter, AlterNet. February 10, 2010.

Obama says he doesn't have a problem with bonuses at Goldman Sachs and JPMorgan. He's going to have a big problem at the polls in November.

Big Banks Are Feeding Like Parasites on the Govt.'s Money

Dean Baker, Boston Review. February 4, 2010.

Big bank CEOs like to trumpet free-market ideology, but they depend on the government for survival in good times and bad.

Obama and Volcker Must Go After the Big Banks

deleted, AlterNet. January 27, 2010.

Volcker has the right idea, but Obama must take it much further if he wants to protect our economy from Wall Street excess.

GeithnerGate: Obama's Treasury Sec. Should Get the Boot and Let's Take Our Money Back Too

Les Leopold, Dylan Ratigan, AlterNet. January 12, 2010.

By all means, let's fire Geithner -- and let's also target Wall Street as a whole. Also: MSNBC Host Dylan Ratigan's case against Geithner.

Geithner and the AIG Emails: Scandal Is Only Tip of the Iceberg

Eliot Spitzer, William K. Black, Frank Partnoy, NewDeal 2.0. January 7, 2010.

Now we learn that Geithner told AIG to withhold details from the public about the billions it handed to banks during the crisis.

Bailed-Out AIG Forcing Poor to Choose Between Running Water and Food

Yasha Levine, AlterNet. November 26, 2009.

Thanks to AIG, some of the poorest residents of rural Kentucky learned you can always be made poorer by corporate villains.

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

Matt Taibbi, True/Slant. 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

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

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.

"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

David Sirota, Open Left. 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, 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

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

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.