The news yesterday that Timothy Geithner may have helped cover up AIG’s financial problems is sparking a House investigation: A House committee is planning to grill Treasury Secretary Timothy Geithner about his role in the massive bailout of failed insurer American International Group Inc. The House Oversight Committee is responding to news that key details […]
The AP’s Ron Fournier is at it again, and with the help of the main headline on Drudge. In a piece entitled “Analysis: Teleprompter telegraphs Obama caution”, Fournier makes it sound like Obama relied totally on a teleprompter during last night’s presser: What kind of politician brings a teleprompter to a news conference? A careful […]
FOX “News” has an interesting way of describing the current economic problems, especially the taxing of the AIG bonuses Now where is it that kids get ideas for things like sexting?
19 states now going after AIG for their bonuses. This outrage is not going away anytime soon.
I posted about it last night. It’s where Republican Eric Cantor tried to say that the Democrats voted to let AIG keep their bonuses. Well now that the actual bill is coming up today, the one that gets back the bonuses and prevents this from happening again, Cantor isn’t sure if he will support it […]
The right is making a big deal over a bill the Democrats voted down to “recoup” the bonuses from AIG. Here is the text of the bill: Section 1: The Secretary of the Treasury shall, notwithstanding any other provision of law, implement a plan within the next two weeks to recoup or stay the payment […]
Congress can give the telecom companies immunity from criminal and civil prosecution for illegally tapping the phones of millions of citizens. So why can’t Congress offer a sort of immunity to AIG for not paying up on these so called “contracts”? I guess our constitution just isn’t as important as the people who helped run […]
It looks like action is starting to happen in regards to AIG. Of course Cuomo is leading the way: New York state’s attorney general joined the growing list of those angered by news of American International Group’s bonuses, and wants to have details on his desk this afternoon about who is getting it rewarded. Attorney […]
The Obama administration is in trouble. Public anger over these AIG bonuses appear to be the final straw: The Obama administration is increasingly concerned about a populist backlash against banks and Wall Street, worried that anger at financial institutions could also end up being directed at Congress and the White House and could complicate President […]