Here are 2 more on A.I. G. and I just heard that the CEO will be grilled on Capitol Hill today.....That should be fun!!!!!!!!!!.............PEACE..............Scott
Matt Renner | A.I.G. Using "Suicide Strategy" to Push Bonuses
http://www.truthout.org/031709J
Matt Renner, Truthout: "As nationwide populist anger boils
after the news that hundreds of millions of taxpayer dollars
may be given to employees of the insurance-giant-turned-
government-liability American Insurance Group (A.I.G.),
President Obama promised to try to block what he described
as an 'outrage' Monday, but a group of former regulators
said the administration must get even tougher in A.I.G.
Economics and law Professor William K. Black, a famous
figure in the savings and loan crisis of the 1980s for
his role as a senior regulator who fingered the then
speaker of the House and 'The Keating Five' for doing
favors for bankers, has been a vocal critic of the bailout
programs, which began during the Bush administration.
In an interview with Truthout, Professor Black said that
A.I.G. is using a 'suicide strategy' to hold the government
hostage and keep the bailout funds flowing."
http://www.truthout.org/031709J
Matt Renner, Truthout: "As nationwide populist anger boils
after the news that hundreds of millions of taxpayer dollars
may be given to employees of the insurance-giant-turned-
government-liability American Insurance Group (A.I.G.),
President Obama promised to try to block what he described
as an 'outrage' Monday, but a group of former regulators
said the administration must get even tougher in A.I.G.
Economics and law Professor William K. Black, a famous
figure in the savings and loan crisis of the 1980s for
his role as a senior regulator who fingered the then
speaker of the House and 'The Keating Five' for doing
favors for bankers, has been a vocal critic of the bailout
programs, which began during the Bush administration.
In an interview with Truthout, Professor Black said that
A.I.G. is using a 'suicide strategy' to hold the government
hostage and keep the bailout funds flowing."
Robert Reich | The Real Scandal of A.I.G.
http://www.truthout.org/031709L
Robert Reich, Robert Reich's Blog: "The real scandal
of AIG isn't just that American taxpayers have so far
committed $170 billion to the giant insurer because
it is thought to be too big to fail -- the most money
ever funneled to a single company by a government
since the dawn of capitalism -- nor even that AIG's
notoriously failing executives, at the very unit
responsible for the catastrophic credit-default swaps
at the very center of the debacle, are planning to
give themselves over $100 million in bonuses. The
scandal is that even at this late date, even in a new
administration dedicated to doing it all differently,
Americans still have so little say over what is
happening with our money."
of AIG isn't just that American taxpayers have so far
committed $170 billion to the giant insurer because
it is thought to be too big to fail -- the most money
ever funneled to a single company by a government
since the dawn of capitalism -- nor even that AIG's
notoriously failing executives, at the very unit
responsible for the catastrophic credit-default swaps
at the very center of the debacle, are planning to
give themselves over $100 million in bonuses. The
scandal is that even at this late date, even in a new
administration dedicated to doing it all differently,
Americans still have so little say over what is
happening with our money."
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