President Obama to set executive compensation limits
In rules to be announced today, President Obama will outline new restrictions on executive compensation for corporations receiving federal bailout money. The Associated Press is calling it a maximum...
View ArticleAIG is still giving bonuses
This is another one of those “someone will have to explain this to me” stories. If you haven’t heard of American International Group or AIG by now, then you haven’t been paying attention for the past...
View ArticleAndrew Cuomo subpoenas AIG
I don’t really find this news surprising, but New York Attorney General Andrew Cuomo has came to the same conclusion that a lot of other people have reached. The recipients of the the $165 million in...
View ArticleAIG to reimburse $165 million to taxpayers
I realize the last three articles I have posted have been about the bonuses that were paid out by AIG to the employees of their Financial Products subsidiary, but it bears at least one more article. As...
View ArticleCNN’s Campbell Brown on Chris Dodd and the Treasury Department
This is one of those news stories that just keeps getting bigger and bigger. The public furor over the bonuses to AIG has been very loud, but it looks like AIG isn’t the only one at fault here. I don’t...
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Citigroup and Wells Fargo to pay back bailout funds
When the larger banks in the United States were receiving bailout funds from the federal government in October of 2008, many people wondered if we would ever see most of that money again. I was in the...
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Fannie Mae and Freddie Mac Executive Bonuses
You remember Fannie Mae and Freddie Mac, don’t you? They are the two government-created mortgage institutions who were responsible, in large part, for the housing bubble that crashed down around...
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