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 )

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 )

New Stimulus Plan

Nate Beeler, The Washington Examiner Mar 17, 2009 Dig deeper

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 )

‘Left, Right & Center’: Madoff Hauled Off, Cramer Dressed Down

Staff / Truthdig Mar 14, 2009 Once again, the economy is front and center on "Left, Right & Center" -- and with good reason. Dig deeper ( 1 Min. Read )

Obama on the Defensive as Stock Rebound Continues

Staff / Truthdig Mar 13, 2009 The Dow is up another 240 points, gaining 9.5 percent over the last three days, but the president doesn't want you getting too excited about it -- or too distraught when things inevitably swing the other way. Dig deeper ( 1 Min. Read )

Eight Is Enough

Mike Luckovich / Truthdig Mar 11, 2009 Dig deeper

If Only Obama Were as Radical as They Say

E.J. Dionne Jr. / Truthdig Mar 9, 2009 While conservatives cry socialism, the president is trying to steer a moderate course. Moderation, however, may be the wrong recipe. There is something deeply disturbing about the drip, drip, drip of billions into the banking system with no apparent impact. Dig deeper ( 3 Min. Read )

Billions Dished Out in the Shadows

Robert Scheer / Truthdig Mar 4, 2009 We've already given AIG a total of $170 billion -- an amount that dwarfs the $75 billion allocated to helping those millions of homeowners facing foreclosures. And more will be thrown down the AIG rat hole because President Barack Obama is blindly following the misguided advice of his top economic advisers, who insist that AIG is too big to fail. Dig deeper ( 4 Min. Read )

Turn a Harsh Light Onto the Banks

Eugene Robinson / Truthdig Feb 24, 2009 It's reaching the point where desperate measures -- brutal honesty and complete transparency -- may be the only way to bring the economy out of its kamikaze dive. If so, this won't be pretty. Dig deeper ( 3 Min. Read )