Tag: "AIG"

If This Were Vegas, There’d Be A Lot of Broken Kneecaps

| July 22, 2009 | Comments (0)

General Motors isn’t the only taxpayer-owned company still pouring millions of our dollars into lobbying operations. There are a whole host of companies out there using your money to get even more of your money from Congress. Some of the biggest banks are also among the more than 30 that have already moved to repay [...]

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One Victim of Government Extortion Speaks

One Victim of Government Extortion Speaks

| March 25, 2009 | Comments (4)

Thus far, we’ve only really heard one side of the AIG bonus story – the side being advanced by the ignorant or malicious lawmakers who have very effectively demonized the employees who received so-called bonuses for their work last year. Now, one of those employees has written an open letter to AIG’s CEO that was [...]

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It’s Not Yelling “Fire”, but It’s Darned Close…

| March 21, 2009 | Comments (1)

This is madness. The Connecticut Working Families Party this weekend has organized a bus store that will make stops at Wilton, Connecticut, AIG office as well as the security-patrolled homes of AIG execs who are fearing for their lives. “We’re going to be peaceful and lawful in everything we do,” said Jon Green, the director [...]

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Hypocrites on Parade

| March 21, 2009 | Comments (0)

Paula at It’s Only Words lays the smackdown on Senator Patty Murray and her for her rank hypocrisy. Then, in what could rightfully be characterized as one of the most out-of-touch-with-reality statements ever, the Senators “…insist that you immediately renegotiate these contracts in order to recoup these payments and make the American taxpayer whole“. Make [...]

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You Know What Else Bankers Are Like? Hostage Takers!

| March 19, 2009 | Comments (2)

The hits just keep on coming, don’t they? LOS ANGELES – President Barack Obama said Thursday evening that he was “stunned” to hear about the $165 million in bonuses that were paid to employees of troubled insurer AIG over the weekend, promising to do everything he could to “get these bonuses back.” “These financial industries [...]

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The Federal Government’s New Rules of Finance

| March 18, 2009 | Comments (0)

It’s a new day out there, a new Age of Hopenchange, which means that the old rules no longer apply. There are shiny new rules that will make America more “just” and bring about an end to misery and woe. And speaking of woe, Congress is trying to make all your woes right. With some [...]

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The Administration’s Response to the AIG Bonuses Smell Like Desperation

| March 16, 2009 | Comments (1)

The administration has found a new villain on which to focus the public’s attention while it rummages around to see if there’s some other hoary economic policy from the 1930s it can dust off and slap onto our recession. Today’s bogeyman is AIG, which decided to honor the contracts it has with its employees and [...]

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