Topic: American International Group Inc.

Chuck Grassley

Charles "Chuck" Grassley is the Republican Grassley later clarified that he was referring to the tendency of Japanese business people to take responsibility for their own mistakes, and was not actually asking that AIG executives commit suicide. (March 17, 20090 On March ...
The title of a recently released ABC News article is " as some of these AIG executives have been receiving, 10% of $1000000 = $100000, which is still a large number).So as expected, senators and representatives on Capitol Hill continued to line ...
In early December 2009, the U.S. House Financial Services Committee passed a bill to create a Federal Insurance Office (FIO), but that office would have no regulatory authority over insurance companies, and could not override state insurance laws. The Chubb Corporation (NYSE:CB) ...

Wall Street Breakfast: Must-Know News

AIG (AIG) has agreed to sell AIA, its Asian life insurance unit, to Britain's Prudential (PUK). AIG had been planning a Hong Kong IPO for the unit, but opted instead for Pru's $35.5B cash-and-stock offer. Germany's Merck agreed to buy Millipore (MIL) ...

Geithner says bank fee can recoup AIG bonuses

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner on Wednesday said insurer AIG's contracts to pay hundreds of millions of dollars in bonuses were "Geithner said Congress could help recover the "deeply irresponsible" bonuses by passing an Obama administration proposal to levy ...
Treasury secretary urges Congress to enact new bank fee to recoup Wall Street, AIG bonuses Treasury Secretary Tim Geithner (GYT'-nur) says Congress can recoup "outrageous" bonuses for AIG employees through a new bank fee in President Barack Obama's proposed budget.Geithner called the ...

Pay czar says AIG bonus flap to end in March

WASHINGTON (Reuters) - President Barack Obama's pay czar on Wednesday predicted the issue of hefty bonuses for AIG employees would end in March and denied a Republican claim that the firm outmaneuvered the Obama administration.These are the old grandfathered payments," pay czar ...

The Truth About The TARP Tax

If it's not already obvious, President Obama's call for a tax on the financial industry's heavyweights is a good signal that the 2010 election season is underway. With reports of record profits and bonuses on Wall Street, the financial sector is America's ...
Below is the latest Bloomberg News video on the Geithner-AIG cover-up. Congressman Darrell Issa (R-CA), who learned by investigation that the NY Fed asked AIG to withhold information about payment to its counterparties, is now asking questions. The New York Fed has ...
The White House Stands Behind Geithner, Says Tim Was Not Involved In AIG Email Fiasco is the headline of a recent post at Zero Hedge. This is the second time Secretary Geithner has done his "A Few Good Men" routine; and, judging ...
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