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slate.com - 3/17/2009

The real scandal at AIG is the not the bonuses. It's the payments to counterparties.

— slate.com — Everybody is rushing to condemn AIG's bonuses, but this simple scandal is obscuring the real disgrace at... the insurance giant: Why are AIG's counterparties getting paid back in full, to the tune of tens of billions of taxpayer dollars? [ more ... ] (more) The real scandal at AIG is the not the bonuses. It's the ...

Stocks

American International Group

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6

online.wsj.com - 3/18/2009

Hedge Funds May Get AIG Cash

— online.wsj.com — Some of the billions of dollars that the U.S. government paid to bail out American International Group... Inc. stand to benefit hedge funds that bet on a falling housing market, according to people familiar with the matter and documents reviewed by The ... (more) Hedge Funds May Get AIG Cash

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American International Group

Deutsche Bank

AGCO

Exchange-Traded Funds

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5

econbrowser.com - 3/18/2009

AIG outrage

— econbrowser.com — New York Attorney General Andrew Cuomo (hat tip: LA Times ) asserted that on Friday insurance company... AIG, recipient so far of perhaps $170 billion in bailout assistance , distributed over $160 million in "retention payments to members of its ... (more) AIG outrage

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American International Group

Financial Crisis

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The AIG Public Relations Fiasco Continues: Bonuses and Backdoor Bailouts
EconomPic — ... More specifically, the $450 Billion in bonuses were focused on employees in the unit that lost $40.5 Billion in 2008. Not sure what is in place that guarantees these bonuses, but why not withhold these bonuses and make AIG fight tooth and nail through the legal system for the money? ...

AIG’s latest disclosure…
footnoted.org — ... Over the weekend, it was hard to avoid the story about AIG (AIG) and its bonus payments. At least three people, none of whom are known for reading the business pages, asked me about it, over the weekend, which under the old rules in journalism, officially makes it a trend. ...

Bailout News: AIG Is A Warm, Cuddly Puppy With A Red Bow And A Chew Toy That Is Shitting All Over The House (Video And Links For 3-17-09)
The Daily Bail — ... CNBC Letter from AIG Chairman Ed Liddy to Geithner Send Geithner And Summers To Guantanamo Bay [image] 2) AIG Payouts to Counterparties A more detailed list of payments to AIG counterparties was released this weekend in an attempt to create a diversion for the AIG bonus payments. Make sure to read the Felix Salmon piece below. AIG Petition-Sign it AIG Payments to Banks Stoke Bailout Rage Reuters AIG Counterparty List NY Times AIG Faces Growing Wrath Over Payouts WSJ AIG's Not Very Transparent List of ...