Archive » AIG
Boogie while the Beltway burns.
My syndicated column today looks at the award-winning performances of Washington hypocrites outraged by the AIG entitlement beast they nurtured through four massive bailout infusions. For added comic relief, be sure to read through the entire transcript of Robert Gibbs’ press briefing yesterday. (It’s been sanitized. Just add 25 “ums” during every exchange on AIG […]
Bob Owens keeps his eye on the ball and breaks it down: Barack Obama’s lack of leadership in a down economy has now hit crisis proportions, as his claimed inability to block millions of dollars in bonuses for executives of bailout recipient AIG has caused even his supporters to turn on him. But while the […]
A suggestion from reader Richard W.: Michelle, I don’t understand why AIG doesn’t just borrow the same approach Obama took to defending the $410B pork-laden spending bill he just signed in private. Seeing as how the bonuses were earned for work done in 2008, AIG should just call the bonuses, “Last year’s business” and make […]
Nice trick: Eleven AIG employees received $1 million retention bonuses — and then left the company after collecting the cash to keep them there. How do I get in on a deal like that? *** See comments below on timing of bonuses. Point taken. See also: A reader advises AIG to take a page from […]
Kabuki Theater of Outrage, Act III. Unscrupulous borrower Sen. Chris Dodd struts on stage. Fox Business reporter Rich Edson turns on the spotlight: Senator Chris Dodd (D-Conn.) on Monday night floated the idea of taxing American International Group (AIG: 0.9768, 0.1967, 25.21%) bonus recipients so the government could recoup the $450 million the company is […]
Kabuki Theater of Outrage.
How nauseating to hear the growing chorus of lawmakers on Capitol Hill inveighing about the AIG bonuses and the rewarding of incompetence. Spare me, Barney Frank: “These people may have a right to their bonuses, they don’t have a right to their jobs forever,” Mr. Frank said, charging that the bonuses amounted to rewards for […]
AIG: Ain’t it gag-worthy?; Update: Obama chokes up, will pursue “every legal avenue” to block AIG bonuses
The Kabuki Theater of Outrage.
Busy with offline stuff today. What’s on your minds? Here’s a blood-boiler of the morning. Mr. Lonely Tim Geithner — who was instrumental in putting together the wealth-redistributing AIG “rescue” plan — now apparently believes that if he says “pretty please with sugar on top,” the bailout behemoth will cut back on bonuses sure to […]
AIG’s reward for failure: Another $30 billion in taxpayer-backing; Update: $61.7b 4th quarter losses
Screw up, move up. It’s how Obama cabinet officials get ahead. And it’s how Washington’s favored failing businesses get more of your money. The first $85 billion bailout under Bush didn’t work. The second $38 billion under Bush didn’t work. So, hey, how about tossing another $30 billion down the hole? So much for President […]
The Taxpayers Clearinghouse Prize Patrol travels to NYC, NJ, and Washington to present huge bailout checks to AIG, Citi, and other lucky winners of the bailout bonanza. Plus: Showering Treasury Secretary Tim Geithner with cash: Brought to you by the same creative folks who are offering the personal bailout contest at www.right.org.
There’s really only one thing to say about tonight’s announcement that the weasel feds have changed their minds and will fork over $85 billion to rescue troubled insurer AIG: (*$&^(&)%(&)*(^&*%&@!!!@#^@!!!!!!! I listened to a lot of foolish people praising the government earlier today for not giving in to bailout pressure. I was not one of […]