Showing posts with label AIG. Show all posts
Showing posts with label AIG. Show all posts

Sunday, March 15, 2009

It's Sunday

I've been sadly lacking in getting posts online here, spending more time watching Twitter and Facebook conversations and working on some real projects - you know, the kind that pay!  Still, in watching the Sunday talkers today, there were a couple of important stories. I'll defer to the fine folks at Think Progress for both of them.

Cheney’s Excuse For Economic Failures Under His Watch: ‘Stuff Happens’

During an interview with Dick Cheney this morning, CNN host John King asked the former vice president why “we should listen to you” for economic advice. To make his case, King noted the following statistical changes that occurred under the Bush/Cheney administration: Unemployment rate: Rose from 4.2 percent to 7.6 percent Poverty: Jumped from 32.9 million individuals [...]

Bailed-out AIG doles out $165 million in bonuses.

Insurance giant American International Group, which has received $170 billion in funds from the government to stay afloat, will award about $165 million in employee bonuses. The U.S. government has an 80 percent ownership stake in the company. Treasury Secretary Tim Geithner had urged AIG’s chief Edward Liddy to renegotiate the payments, but Liddy said [...]

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Sunday, December 21, 2008

Sunday Suffering

 It's still Sunday around here. Cold. Frigid. And my blood is boiling over stuff like this:

Bailed-Out Execs Still Fly Corporate Jets

Crisscrossing the country in corporate jets may no longer fly in Detroit after car executives got a dressing down from Congress. But on Wall Street, the coveted executive perk has hardly been grounded. Six financial firms that received billions in bailout dollars still own and [...]

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Tuesday, October 07, 2008

Now, Back To The Current Time

Hope I made you feel good with the post just below this one.  But, it's time for a brutal slap back into reality. If Captain Kangaroo was an "upper", consider this your "daily downer".  Ah, but it is was just a "daily" downer. They seem to come much more frequently than that.

AIG executives went on luxurious retreat one week after receiving $85 billion bailout.

Today, the House Oversight Committee discovered that, just one week after the federal government bailed out insurance giant AIG, company executives went on a retreat to a luxury resort. The executives spent nearly $500,000 on manicures, facials, pedicures, and massages. During a hearing today, Rep. Elijah Cummings (D-MD) asked, “Have you heard of anything more [...]