AIG

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Collateral calls

Mar 24, 2009
Millions of Americans are wondering why AIG has paid so much taxpayer money to other banks. One reason is because AIG has had to honor "collateral calls" -- demands made by banks on the insurance contracts it's written. Senior Editor Paddy Hirsch explains,
Posted In: AIG, Banks, whiteboard

Hurricane AIG

Mar 18, 2009
As I've pointed out the last couple days, I worry that the whirling dervish of AIG's bonuses might be diverting our attention from issues more...
Posted In: AIG, bailout, Banks, bonuses

AIG -- The Movie

Mar 18, 2009
I can only stew about AIG so many hours of the day. At some point, I have to diffuse the frustration. Last night, I channeled it into my favorite...
Posted In: AIG, bonuses, recession art

AIG has to pay it back

Mar 17, 2009
Tonight, the Treasury said it will make AIG repay the government the $165 million in bonuses handed out last week. In a letter to Congressional...
Posted In: AIG, bonuses, Geithner, TARP

Should we let the AIG bonuses go?

Mar 17, 2009
I'm struggling with how we should proceed on the AIG bonus payouts. How much time, energy and money should go into stopping bonuses retroactively...
Posted In: AIG, bonuses, TARP

At the corner of uncertainty and anger

Mar 16, 2009
It feels like we've reached an important crossroads in the economic recovery. Many people are fed up with the bailouts of companies like AIG. The...
Posted In: AIG, bailout, bonuses, Geithner, TARP

AIG makes me angry too

Mar 4, 2009
The more I read and think about AIG, the closer I get to having a conniption. Even Bernanke said it yesterday: nothing makes him angrier than the...
Posted In: AIG, bailout, TARP

Dracula, the insurance company

Mar 3, 2009
I felt like I was watching a bad horror movie this morning as Fed Chairman Ben Bernanke testified before Congress. Bernanke said the government...
Posted In: AIG, bailout, TARP

Burning down the house

Mar 2, 2009
Q: What happens to money when you throw it into a fire? A: The same thing that happens when you give it to AIG. Today's 4th bailout of the...
Posted In: AIG, bailout, TARP

Gotta have more bailout!

Feb 19, 2009
Remember the Saturday Night Live sketch with Will Farrell and Christopher Walken? Walken plays a famous record producer, and he keeps telling band...
Posted In: AIG, bailout, Banks, TARP

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