Insurance giant American International Group Inc. is better positioned to pay back all of its $182 billion federal bailout, a key Treasury official plans testified Wednesday. ...more

May 27, 2010

The administration's pay czar said today that the top 25 earners at five companies still receiving extraordinary aid from the government's bailout fund will be paid an average 15 percent less in 2010 than in 2009 under his restrictions. ...more

March 23, 2010

"A bonus is an extra amount in money, bonds, or goods over what is normally due. The term is applied especially to payments to employees either for production in excess of the normal (wage incentive). " ...more

March 18, 2010

American International Group will sell its American Life Insurance Co. division for $15.5 billion to MetLife. ...more

March 9, 2010

In its biggest deal since getting multiple infusions of federal bailout money, American International Group agreed Monday to sell its Asian life insurance business for $35.5 billion and return most of the proceeds to the U.S. Treasury. ...more

March 2, 2010

The blatant con game being practiced by Goldman Sachs, AIG, Citigroup and JP Morgan with the Obama administration and Republican acquiescence is criminal. ...more

February 14, 2010

Power of the people The senatorial election of Scott Brown in Massachusetts demonstrated, as always, that the future of our community, our state, and out nation lies in the sovereignty of we the people. ...more

January 23, 2010

A recent Time magazine poll found that 71 percent of Americans who responded want the government to place limits on the executive compensation at firms that received bailout money. Yet accomplishing this task selectively is impossible to do. ...more

January 10, 2010

In July of 2009, following the bailout and the TARP passages, the U.S. government either owned or controlled 31 percent of the U.S. economy as a direct result of its dealings with banks, AIG and GM, etc. Now the new health care bill will increase this figure by 17 percent to 48 percent. Next on the agenda are Barney Frank's Financial Services Bill and the Cap and Tax bill, which will increase the percentage to 71 percent. ...more

December 28, 2009

Members of AIG's financial-products unit should take heart. Yes, Obama administration pay czar Kenneth Feinberg is coming down on them with the awesome power of his czardom, dictating that their pay not exceed $200,000 a year. ...more

October 28, 2009