There was at least some chance that the furor over $165 million in bonuses paid to AIG (AIG) employees might die down this upcoming week. Because the insurance company got tens of…
Douglas A. McIntyre According to Reuters, the House passed a bill that would tax AIG’s (AIG) and some other bonuses by 90%. Reuters reports that the US gave auto suppliers a $5 billion lifeline. Reuters…
According to Reuters, the Fed’s plans to buy Treasuries is like a program called “Operation Twist” which was part of the agencies effort to help the economy almost fifty years ago. Reuters…
Using the oblique reasoning techniques of politicians, the Administration has decided to get back the big bonuses that AIG(AIG) paid to some of its employees by withholding the next of many payments…
Douglas A. McIntyre According to Reuters, AIG (AIG) will have to pay taxpayers back for bonuses it paid out before it can get its next $30 billion in loans. Reuters reports that Coke (KO) is…
In a letter from NYS Attorney General Andrew Cuomo to Rep Barney Frank, the AG’s office disclosed the results of its investigation of the amount of money paid to certain AIG (AIG)…
Douglas A. McIntyre It looks like “All Fools Day” will come early on Wall St. this year. Several banks are going to try to raise the base salaries of key employees to dodge the federal…
Douglas A. McIntyre According to Reuters, Obama faces backlash due to AIG (AIG) compensation issues which could set bank his efforts to salvage the financial system. Reuters reports that Lehman will put two of its…
President Obama has asked Treasury Secretary Tim Geithner to look at compensation being paid to AIG (AIG) employees for work done in 2008 and to pursue “every legal avenue to block these bonuses…
Douglas A. McIntyre One of the things that Congress and the Administration knows but do not want to admit in public is that bailouts are messy affairs where most of what is planned does not…
According to Reuters, a price battle among goods makers is beginning. Reuters reports that payments to AIG (AIG) employees is causing rage among people already concerned about the bailout. Reuters reports that…
After days or pressure from Congress and the public, AIG (AIG) released data about which counterparties to it credit default swap portfolio got large chunks of money from the federal government bailout…
According to The Wall Street Journal, AIG (AIG) will pay $450 million in bonuses to people in the firm’s financial products group, where may of the insurance company’s losses originated. The paper…
Douglas A. McIntyre There has been quite a lot of news on Berkshire Hathaway Inc. (NYSE: BRK-A) and Warren Buffett in the last 12 hours. Bond and credit ratings agency Fitch downgraded the conglomerate. Buffett…
According to Reuters, investors in GE (GE) are still worried that the stock will not recover to its highs of last year. Reuters reports that Madoff pleaded guilty of 11 charges of…
