House Passes Bonus Tax Bill

Staff / Truthdig Mar 20, 2009 After the top brass at AIG couldn't be stopped from dishing out $165 million in bonuses to executives who didn't exactly deserve gold-star treatment, Congress is attempting to recoup most of the money by slapping a 90 percent tax on such executive windfalls. Dig deeper ( 1 Min. Read )

Push Back Against AIG’s ‘Best and Brightest’

Joe Conason / Truthdig Mar 19, 2009 Having long flattered themselves as "masters of the universe," the creative financiers of Wall Street and London are today exposed as grifters rather than geniuses, yet their arrogance remains intact. Dig deeper ( 3 Min. Read )

If You’re a ‘Little Guy,’ a Contract Means Nothing

Marie Cocco / Truthdig Mar 19, 2009 If only the contracts entered into by shop-floor workers at auto plants were as inviolate as those secured by the incompetent pirates of the American International Group. Dig deeper ( 3 Min. Read )

America’s Most Wanted

Mike Luckovich / Truthdig Mar 19, 2009 Dig deeper

Obama Stands by His Treasurer

Staff / Truthdig Mar 19, 2009 Treasury Secretary Timothy Geithner has developed a bad reputation in his short time on the job. He appears to have the fortitude of porridge and a love of banks and the bankers who bankrupt them. Despite calls for Geithner's ouster over the AIG bonus blunder, the president says he has "complete confidence" in his top economist. Dig deeper ( 1 Min. Read )

Geithner’s Bonus Plan as Perplexing as His Other Proposals

Staff / Truthdig Mar 18, 2009 Treasury Secretary Timothy Geithner has sent Congress an explanation of his plan to deal with the AIG bonus fiasco. Essentially, Treasury will dock the $165 million in bonuses from AIG's next bailout payment. Here's a question: If AIG can do without that $165 million, why were we giving it to the company in the first place? Dig deeper ( 1 Min. Read )

Failure Retention Payments

Mike Luckovich / Truthdig Mar 18, 2009 Dig deeper

N.Y. Attorney General Investigates AIG’s ‘Staggering’ Bonus Mess

Staff / Truthdig Mar 18, 2009 In a letter to House Financial Services Committee Chairman Barney Frank, reprinted here, New York Attorney General Andrew Cuomo shares what his office has discovered so far about AIG's scandalous bonuses, which "made more than 73 millionaires in the unit which lost so much money that it brought the firm to its knees, forcing a taxpayer bailout." Dig deeper ( 4 Min. Read )

Obama Aiming to Block AIG Bonuses

Staff / Truthdig Mar 16, 2009 AIG's dishing out $165 million in bonuses to executives who played a part in bringing their company to near ruin is an "outrage," according to President Barack Obama, who pledged to do whatever he can to stop the payouts at the bailed-out insurance giant. Updated Dig deeper ( 1 Min. Read )

AIG to Dish Out $165 Million in Post-Bailout Bonuses

Staff / Truthdig Mar 15, 2009 The tug of war continues between corporate financial giants and the federal government, and certain members of the former seem to have some trouble adjusting to their post-bailout status. AIG, for example, is still planning to reward its top 400 executives with a whopping $165 million in bonuses this weekend, even after the company was given more than $170 billion from taxpayers to stay afloat. Updated Dig deeper ( 2 Min. Read )

Bonus

Mike Luckovich / Truthdig Feb 4, 2009 Dig deeper

Who Knew Bankers Were This Stupid?

Eugene Robinson / Truthdig Feb 3, 2009 Earth to Wall Street: It's over, people. You had a terrific run, better than you deserved, but now you'd be wise to pay attention to those citizens outside, the ones with the pitchforks and the torches. Dig deeper ( 3 Min. Read )