AIG
Brakes Applied to AIG Bonus Outrage
The AIG bonus scandal? That is soooo last week, as demonstrated by the overheated effort in Congress to tax the bonuses back into the government’s coffers slowly fading away…
Congress’s drive to recoup bonuses at American International Group Inc. is slowing significantly as passions on the issue cool, potentially removing a wedge that has threatened to […]
House Action on AIG Bonuses
House legislation to tax the scandalized AIG bonuses at a 90% rate will be voted on today. Will there be any opposition?
The House is due to vote Thursday on sweeping legislation to rein in bonuses issued in 2009 to executives from firms bailed out by the government.
Working at dizzying speed, Democratic leaders scrambled to stay […]
Blame the Fed!
Despite efforts from Republicans to make the AIG bonus scandal all about Tim Geithner’s credibility and job security and a growing sense of populist backlash against Obama’s treasury secretary and the administration itself, the real governmental villain of the mess could be the Federal Reserve.
With everyone from Congress to the press looking into how […]
LIVE VIDEO: AIG Testimony on Capitol Hill
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Partisan Politics Hurting Dems on AIG
Politico has a must-read piece this morning (though it mildly reeks of GOP talking points) detailing the crisis of confidence that Congressional Democrats and the Obama administration find themselves in over the AIG bonus scandal.
The AIG mess that has gripped Washington and the nation as the only political story worth discussing has allowed Republicans to […]
AIG Blowback Shifts to Geithner
With the AIG scandal shifting from immediate outrage to questions about what the Obama administration knew before the story broke, White House Press Secretary Robert Gibbs was put on the spot to defend Treasury Secretary Tim Geithner after tough questioning from the press and grumblings from lawmakers.
With tough questions being asked about Geithner’s competence after […]
AIG Bonus Scandal Has Obama “Visibly Angered”
The sound bites from President Obama’s small business event yesterday aren;’t the extent of his reaction to the AIG scandal, according to Democratic Sen. Kent Conrad. A meeting with the president this morning turned to AIG, and Conrad said Obama became “visibly angered” and said he was “irritated” by the bailout bonuses.
U.S. Sen. Kent Conrad […]
Congressional Wheels Turning on AIG Outrage
The red faced outrage and bluster is growing more serious by the minute from both parties in Congress over the AIG bonus fiasco. Legit or not, the anger at AIG is spurring harsh partisan reactions and a promise of Congressional revenge from the Senate Majority Leader.
House GOP leader John Boehner made headlines this morning with […]
“Suicide” the Right Punishment for AIG Execs?
The usually sober GOPer Chuck Grassley went somewhat over the edge on an Iowa radio program yesterday, responding to the continuing outrage and fallout with the AIG bailout bonuses by demanding that executives at the mostly government-owned insurance giant apologize to American taxpayers or “commit suicide.”
A prominent U.S. senator has intimated that executives of the […]
