A.I.G. says “hey, America – why so serious?”
Despite being bailed out with more than $170 billion from the Treasury and Federal Reserve, the American International Group is preparing to pay about $100 million in bonuses to executives in the same business unit that brought the company to the brink of collapse last year. via A.I.G. to Pay $100 Million in Bonuses After [...]
printing presses – running overtime
These two stories are simply astounding – there is apparently no end to the stream of money jetting out of Washington: The federal government agreed Monday morning to provide an additional $30 billion in taxpayer money to the American International Group and loosen the terms of its huge loan to the insurer, even as the [...]
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