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more about #aig more comments → davidkmin: The credit rating agencies obviously were a huge problem in this disaster, but blaming them, alone, for AIG is pretty asinine. There were a whole num... more » ShinjukuAce: Is there any reason these people are not in jail? Knowingly giving false ratings to securities should be treated as criminal fraud. #aig more » If_I_Had_a_Poodle: "it could be structured by cows and we would rate it" That should be the title of the history of the crisis #aig more » Uncle_Billy_Slumming: "Because the credit rating agencies had a gun to his head. Suuuuure they did. Like Robin Williams holding himself hostage. #aig more » Satyrica: The credit agencies screwed up, but the real blame still lies with the fact that the government destroyed all incentives for them to operate honestly ... more » Unsolicited Advice: What you're watching the "extraordinary support" doctrine, which used to apply to all of the GSE's and now applies to every investment bank. [www.eco... more » meechybee: The only good that can come out of this mess is the death of the "kill Social Security and let Wall Street run it" movement. Then again, (collective) ... more » nowimpissed: I don't understand the proposed solution that the government could have given Goldman Sachs a haircut on their insurance without giving the troubled b... more » Novaload: Geithner (and Summers) will go down as two huge Obama mistakes. The favoritism, the secrecy, the cozy Wall St. relationship---just disgusting. #goldma... more » lackadaisical: Have we all forgotten the fact that Goldman has already repaid the gov't money - that they never wanted - plus interest? If Goldman were losing money... more » Crucifictorius: Dark pools are a bit overhyped thanks to a terrible name. The only real problem with them is that they run counter to the ECMH. If you can trade aga... more » friend_of_a_friend: One of his goals was to persuade the banks to accept discounts of as much as 40 cents on the dollar... That means they wanted to pay 60 cents on the ... more » Unsolicited Advice: Dark pools were established so institutional and UHNW clients could set market orders to transact extremely large amounts of shares without disclosing... more » DahlELama: Sorry, can't help you--the only guy I know at Goldman is currently on a beautiful cross-country trip in the Middle East... Oh, wait. #goldmansachs more » -
#goldmanproject
How the Credit Rating Agencies Engineered the Goldman Sachs Bailout
Last year's financial collapse was made possible by the greed and incompetence of credit rating agencies, who got paid to lie about the value of subprime debt. It turns out they were responsible for the Goldman Sachs bailout, too. More » -
#goldmanproject
AIG Only Wanted to Give Goldman Sachs
Thanks to Bloomberg News, we now have a good idea how much of that $13 billion pass-through bailout Goldman Sachs got from AIG last year was pure taxpayer-financed gravy: $5.2 billion, courtesy Tim Geithner. More »4060 Cents on the Dollar, Then Geithner Stepped In -
#banksters
AIG Doesn't Know How Many Millions of Dollars It's Paying Its Execs to Fail
When Ken Feinberg, the guy Obama charged with reining in bonuses at bailed-out firms, asked AIG who its top-paid executives were, they couldn't answer. That place is a black hole of money. More » -
#newrules
Rich Guys Who Got Federal Money Won't Get Richer This Year
The Treasury Department's soon-to-be-announced executive pay guidelines will drastically slash cash payouts to executives at GM, Citibank, AIG, Bank of America, and Chrysler. Not on the list: AIG pass-through beneficiary Goldman Sachs. More » -
#recessionomics
Andrew Ross Sorkin's Front Row Seat to the End Of The World
Andrew Ross Sorkin's Too Big To Fail describes, in intimate detail, the days leading up to the collapse of the biggest financial institutions in America. Did the men in that room pull us from the brink or push us over? More » -
#comebacks
AIG Is Making Money Again
Is that good or bad? We just don't know anymore in this topsy-turvy world of bailouts and bonuses and government ownership of corporate monsters. But whatever—AIG pulled in a cool $1.8 billion last quarter. More » -
#classwar
Your Tax Dollars at Work
The St. Regis Monarch Beach, the rich-people hotel that AIG executives partied at after getting all their bailout money, couldn't pay its bills and so now a bailed-out Citigroup owns it. And it's losing money. Your money. More » -
#heartwarming
People With Fourth Grade Education Support AIG
Some crazy fourth grade teacher in Texas (*Texas joke*) allowed her young charges to write sympathy notes to AIG, of all places, which made AIG execs absolutely weepy. Public education fails again: More » -
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#pityparty
AIGers Play World's Tiniest Violins to Ward Off Angry Hordes
The AIG failure-bonus recipients are on a campaign to push back against the pitchfork-wielding hordes who want them to give the money back, and they make no sense. More » -
#populism
Prince's AIG Song To Revolutionize This Financial Situation
Prince sang a new song for Jay Leno last night about how the "fat cats on Wall Street" got bailed out while his neighbors suffered. Remember when everyone thought music could change the world? More » -
#classwar
British AIG Execs Say the True Crime Is Demanding Their Bonuses Back
Executives in AIG's London office called England's Serious Organized Crime Agency to report that they are being extorted out of their bonus money by New York's Attorney General. More » -
#mistakesweremade
New Google Design Features AIG
The Googleplex is a place apart. But are the brainiacs of Mountain View, Calif. so cloistered that they haven't heard of AIG's woes? Apparently so, judging by new graphics VP Marissa Mayer unveiled Wednesday. More » -
#classicads
Drink Your Bitters: AIG's Ads From the Good Old Days
You know what you don't see much any more? Those supremely reassuring AIG TV commercials. They've disappeared, for some reason. Luckily astute (and bitter) people have preserved them on the internet! More » -
#populism
AIG-ers Return Bonuses To Man Who Has Their Addresses
After subpoenaing the names and addresses of AIG bonus recipients, New York attorney general Andrew Cuomo convinced many said recipients to return the cash. Well, many of those who live near the angry mobs. More » -
#rebranding
AIG Nixes Name on Wall Street Building
AIG now stands for "Anonymous, Inescapable Guilt." That's one possible interpretation of the insurance giant's move to take its logo off one of its New York buildings. Either that or they're following their own advice. More » -
#classwar
Angry Mobs Coming For AIG Executives
They thought they were safe in their Connecticut palaces, but oh no: top AIG execs face death threats, angry neighbors in their driveways and tabloid photographers. Then there's the roving band of irate poors. More » -
#videuhoh
AIG 'Touches' Eliot Spitzer, Kinda Like Ashley Dupré
Prostitute-hiring former New York governor Eliot Spitzer is back in front of the TV cameras, talking about AIG! Good thing, because we need experts on the violation of financial laws. Watch him explain his "contribution." More » -
#bailout
Andrew Cuomo Wimps Out on AIG Names
New York Attorney General Andrew Cuomo has a secret! AIG has given him a list of employees who received controversial bonuses after the insurer's continued bailouts — but he won't name names. More » -
#dirtytricks
Chris Dodd's Senate Web Site Hacked?
Did someone hack into Chris Dodd's Senate web site this afternoon? More » -
#brits
British Con Men Exempt From AIG Tax
The House just passed a bill to return most of the ill-gotten AIG bonus money to taxpayers. But the most guilty villains are in London, immune from our silly laws, laughing at us. More »
