AIG Controversy

Troubled US insurer AIG is facing an investigation into how it is spending US bailout money on bonus payments for employees.

AIG's decision to award $165m in bonuses has sparked outrage as the company has taken $170bn of aid from the US government. President Barack Obama and legislators are seeking ways to recover the bonuses.

AIG also posted a record $62bn loss for the fourth quarter of 2008 - the largest such loss in corporate history.

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Nuggets of News Cause Blogger to Pause

Surfing through the morning news headlines, I found some nuggets of news that caused me to pause for a moment and thought they might have a similar effect on you: NO CHRYSLER DEALERS LEFT IN DETROIT:  Last week, Lochmoor Chrysler Jeep on Detroit’s East Side stopped...
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created by BMCWrites | 2 weeks ago
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Scanning for: executives, bailout, 37.8 billion, 85 billion, party, St. Regis, scandal, 122.8 billion, AIG

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"@thedailybail Bush and the Republicans started the bailout of AIG from the mess they created. To blame Obama is stupid!..."

gledago updated twitter @ 2009-06-12 14:11:59

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"@Cyclotronx Any data on how much of the bailouts to the banks and AIG went overseas? The bonuses are probably small in comparison...."

maggiemae656 updated twitter @ 2009-03-24 16:47:11
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"AIG to get $30 Billion more for their party fund...."

Designkitten updated twitter @ 2009-03-02 00:50:19
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"S: AIG to break itself up, in exchange for third gov't bailout. Another $30 BN lifeline!..."

hedgefundinvest updated twitter @ 2009-03-02 00:38:06

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  • mtippett

    mtippett is reporting from Vancouver, Canada.

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