Reasons Not To Trust the Government’s Secrecy on AIG

There are many  irritating aspects of the continuing bailout of  insurance giant AIG, a company that seems to be little more than entirely insolvent. Yet it continues to get billions of taxpayer dollars thrown at it. The biggest outrage, to me, is the Federal Reserve’s insistence that the identities More…

When It Comes to AIG, Even Bernanke Has Had Enough

Federal Reserve Chairman Ben Bernanke opened up about his feelings regarding the continuing bailout of insurance giant AIG — and he is all kinds of mad. Answering a question today at a Senate Budget Committee hearing, Bernanke said the rescue of AIG has upset him more than any other More…

Citigroup Says No to Bonuses; Pigs Fly on Wall Street

Wait, what’s this? Citigroup’s top executives are giving up their annual bonuses this year, according to the Financial Times. CEO Vikram Pandit and senior advisor and director Robert Rubin are among those foregoing the usual end of the year cash awards.

Govt-owned AIG Lobbies Against Govt Regulation

Since the Federal Reserve rescued American International Group last month, 79.9 percent of it is taxpayer-owned.

So maybe it’s the other 20.1 percent that’s energetically lobbying states to ease new federal rules governing the mortgage market. The Wall Street Journal’s Elizabeth Williamson reports: