Reuters Geithner Says Bank Fee Can Recoup AIG Bonuses

U.S.

Treasury Secretary Timothy Geithner on Wednesday said insurer AIG's contracts to pay hundreds of millions of dollars in bonuses were "outrageous" and appealed to Congress to help recoup the payments.Geithner said Congress could help recover the "deeply irresponsible" bonuses by passing an Obama...

Source:
http://www.reuters.com/article/idUSTRE6124MQ20100203

Financial Gamble How AIG Fell for a Sure Thing

Max Barry discusses risks and consequences and explains how the risk model of AIG recommended the company invest $400 billion of credit default swaps which forced the company into bankruptcy, caused financial devastation and forced a government bailout.

Source:
http://fora.tv/2009/07/15/Max_Barry_on_Risk#Financial_Gamble_The_Dangers_of_a_Sure_Thing

New York Fed Told AIG to Limit Backdoor Bailout Disclosure

The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurers payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show. ...

Source:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXIvW4igKV38&pos=1

AIG Has Used Much of Its $123 Billion Bailout Loan

The troubled insurance giant American International Group already has consumed three-quarters of a federal $123 billion rescue loan, a little more than a month after the government stepped in to save the company from bankruptcy.

Link:
http://www.washingtonpost.com/wp-dyn/content/article/2008/10/23/AR2008102303352.html

AIG Execs Also Went On Golf Trip

AIG Execs Also Went On Golf Trip

Link:
http://www.businesssheet.com/2008/10/bailout-execs-still-going-wild-aig-s-third-retreat-is-a-golf-getaway