Tag Archives: AIG

Meet Me Halfway

Posted on December 11, 2012 at 8:00 pm by JM Ashby

Artist – David Fitzsimmons In other news, the U.S. Treasury announced today that sales of AIG shares has lead to a $22.7 billion profit for taxpayers.

Posted in Open Thread | Tagged , , , , | 1 Comment

More Big Government Socialism

Posted on May 8, 2012 at 3:45 pm by JM Ashby

According to the Government Accountability Office (GAO), the U.S. Treasury is on track to profit over $15 billion from the sale of taxpayer-owned shares in insurance giant AIG. (Reuters) – Taxpayers could realize a profit of more than $15.1 billion … Continue reading →

Posted in Economy | Tagged , , , | 1 Comment

AIG Executive Sues Government for Bailout

Posted on November 25, 2011 at 8:10 am by Bob Cesca

No, that’s not an Onion headline. Former AIG CEO Hank Greenberg is suing the government for the bailout. Starr International, the company run by the former head of insurance giant American International Group (AIG), has filed a $25 billion lawsuit … Continue reading →

Posted in Economy | Tagged , , | 11 Comments

Mob Rule

Posted on March 21, 2009 at 10:28 am by Bob Cesca

The mob rule attack from Limbaugh and others is, suffice to say, weird. Summarizing: • Mob rule and populism is awful, like Nazi Germany. • When’s our next populist tea bag protest? In which we form into mobs?

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Shredding Constitutions

Posted on March 20, 2009 at 9:28 am by Bob Cesca

Let’s be perfectly clear about this. That 90 percent tax thing will never be enforced because, yes, it’s unconstitutional. But as Lawrence O’Donnell pointed out on Countdown last night, it was a great ploy to get more than half of … Continue reading →

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Gulp.

Posted on March 19, 2009 at 5:51 pm by Bob Cesca

Treasury Secretary Timothy Geithner told CNN Thursday his department asked Sen. Chris Dodd to include a loophole in the stimulus bill that allowed bailed-out insurance giant American International Group to keep its bonuses. The reason? He wanted to avoid AIG … Continue reading →

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Taxing The Shit Out of Them

Posted on March 19, 2009 at 3:12 pm by Bob Cesca

The House voted 328-93 to tax bailed-out executive bonuses of $250K or more — at a massive 90 percent tax rate. For what it’s worth, a move like this is supported by a margin of 76-17 in a recent Gallup … Continue reading →

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This Is Bad

Posted on March 19, 2009 at 2:12 pm by Bob Cesca

Hamsher and Greenwald are reporting that it was Geithner and Larry Summers who pushed for the softening of executive bonus/compensation limits. There’s even a ThinkProgress piece from February documenting the dispute between Dodd and Treasury. What’s even more disturbing is … Continue reading →

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Firing Geithner

Posted on March 19, 2009 at 9:27 am by Bob Cesca

It’s hilarious that John Boehner and other Republicans are calling for the firing of Tim Geithner because of the AIG thing. Question: was anyone in the Bush administration fired for failing to thwart the September 11 attacks? Not a single … Continue reading →

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More McCarthyism

Posted on March 19, 2009 at 9:07 am by Bob Cesca

I didn’t see much of Morning Joe so I don’t know whether Scarborough mentioned McCarthy with regards to the AIG hearings, but just now on MSNBC, Monica Novotny asked whether Limbaugh is right about Congress engaging in McCarthyism. Let’s recap. … Continue reading →

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