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« Look Out Krugman, Belief In Keynes Is Belief In Self-Delusion: Peter Schiff Tells The Truth About The Recession And Government Spending (Morning Joe Video) | Main | Call The Treasury Secretary TODAY (phone numbers included): CNBC's Steve Liesman Interviews Tim Geithner. Broadcast March 25 »
Wednesday
Mar252009

AIG Bailout News: $230 Million MORE In AIG Bonuses Still To Be Paid In 2009 (David Faber CNBC Video and Links)

AIG bonuses may come under scrutiny again as an additonal $230M is expected to be paid out, reports CNBC's David Faber.

Watch the clip to the end.  David asks some very interesting hypothetical questions in the final 30 seconds.  The issue is non-TARP companies having to compete with huge bonus offers made to employees of bailed out banks.  This case deals with Citigroup, but it's happening everywere.  Mark Haines is clueless, again.

 

More banks are announcing they will pay the government back its TARP money, with CNBC's David Faber.

 

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Reader Comments (15)

Bank of America Corp. Chief Executive Kenneth D. Lewis said Tuesday that he wanted to start repaying $45 billion in federal bailout funds next month, after the government's "stress test" of his bank, and to give back the remainder as soon as the nation's wobbly financial system is stabilized.

In interviews at The Times, Lewis defended Bank of America's much-criticized acquisitions of Countrywide Financial Corp. and Merrill Lynch & Co. as strategically sound in the long run. And he said a cluster of financial indicators -- higher stock prices, slowing of home price declines and improvements in certain consumer delinquency gauges -- "leads me to think we're starting to see the bottom" of the recession.

http://www.latimes.com/business/la-fi-ken-lewis25-2009mar25,0,993355.story
Mar 25, 2009 at 3:05 PM | Registered CommenterDailyBail
READ THIS

AIG was once an ultra-reputable insurance company. But its fantastic losses have now more or less ruined the company and the brand. Already there are rumors that AIG's insurance customers are fleeing. And now CEI's insurance expert says AIG may be the next Enron.

http://www.businessinsider.com/taxpayers-will-get-hosed-by-the-collapse-of-aigs-insurance-business-2009-3
Mar 25, 2009 at 3:08 PM | Registered CommenterDailyBail
The new AIG bonuses for the rest of 2009 are discussed in here to some extent. I think Faber's numbers are low. Jane HAmsher of FDL is reporting a number about 3 times what David anticipates.

Either way it's ugly and disingenuous of Geithner and Summers to have not mentioned these to the American people last week.

The Triumphant Return Of Tricky Dick: Treasury Secretary Tim Geithner Is Still Lying And We Prove It (Video, Photos And Links For 3-20-09)

http://dailybail.com/home/the-triumphant-return-of-tricky-dick-treasury-secretary-tim.html
Mar 25, 2009 at 3:14 PM | Registered CommenterDailyBail
This has to be stopped! AIG will steal all of our money if we dont stop these criminals.
Mar 25, 2009 at 3:16 PM | Unregistered CommenterBrasco
You are right Brasco. No one seems to know the end game number for AIG.
Mar 26, 2009 at 2:25 AM | Unregistered CommenterPuzo
"$230 Million MORE In AIG Bonuses Still To Be Paid In 2009"

There's MORE to come, basically because Americans live in a country with an almost UNLIMITED capacity to TAKE IT UP THE ASS endlessly.

Enjoy.
May 14, 2010 at 4:19 PM | Unregistered CommenterRecoverylessRecovery
Hank and Tim
went to the hill
to fetch a bucket of bailouts
Tim fell down
and broke his crown
and the entire fucking economy came tumbling after
May 14, 2010 at 5:41 PM | Unregistered CommenterRecoverylessRecovery
Little Obama
sat with his mamma
eating Lloyd Blanfein's dick;
he stuck out his tongue
and licked all the scum
and said, "What a good boy I am"!
May 14, 2010 at 5:46 PM | Unregistered CommenterRecoverylessRecovery
Hush-a-by taxpayer,
invest in this glop,
When the wind blows
I bet it will drop.
and once you're broke
the market will fall
and down you'll come baby
while I take all!
May 14, 2010 at 5:50 PM | Unregistered CommenterRecoverylessRecovery
Barry, Barry, quite contrary,
you really suck, you know?
With silver bells, and cockle shells,
you eat bankster's dicks in a row!
May 14, 2010 at 5:52 PM | Unregistered CommenterRecoverylessRecovery
There were 27 million Americans living in a shoe
who had so much debt, they knew not what to do
They elected a guy who promised them change
but then gave them SHIT, now isn't that strange?
May 14, 2010 at 5:58 PM | Unregistered CommenterRecoverylessRecovery
Bah, Bah Goldman Sachs,
Have you any Wool?
Yes merry have I,
Three Bags full,
One for my master,
One for my Dame,
One for my buddies
Down on Maiden Lane
May 14, 2010 at 5:59 PM | Unregistered CommenterRecoverylessRecovery
Lloyd Blankfein Dropped $26 Million In CASH On New Apartment

http://www.huffingtonpost.com/2010/05/14/lloyd-blankfein-dropped-2_n_576835.html
May 14, 2010 at 8:42 PM | Unregistered CommenterRecoverylessRecovery
Y-O-U-R $26 Million.
May 14, 2010 at 8:43 PM | Unregistered CommenterRecoverylessRecovery

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