Openness and transparency are necessary characteristics for the Stimulus Package but it may not be cheap—so warns Massachusetts Governor and its Attorney General.
Monday, March 16, 2009
Both federal and state authorities move on AIG’s current administration regarding bonuses and CDS’s
President Obama vowed to try to stop the faltering insurance giant American International Group from paying out hundreds of millions of dollars in bonuses to executives, as the administration scrambled to avert a populist backlash against banks and Wall Street that could complicate Mr. Obama’s economic recovery agenda. See more of the story, by clicking the following:
Obama Orders Treasury Chief to Try to Block A.I.G. Bonuses - NYTimes.com
New York State Attorney is also after the AIG bonus people. Click on the following:
Cuomo Seeks A.I.G. Bonus Information - DealBook Blog - NYTimes.com
On the matter of CDS’s, the list of top recipients of AIG payoff’s from rescue funds is finally out.
Click on the citation below and take a look:
A.I.G. Lists the Banks to Which It Paid Rescue Funds - NYTimes.com
Newspapers' troubles escalate in recession | csmonitor.com
If you are reading this—you and I are part of the problem. Click on the citation below to view the story:
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