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naked capitalism
22 hours ago ago from GOLDRUN 2014
naked capitalism : "From a reader who was a senior executive at a monoline on the WSJ story: I find it amazing that after stuffing AIG with $23 billion of CDOs, which lead to AIG failing, Goldman’s spokesman has the audacity to blame the problem on AIG. meanwhile, Goldman researchers and CFO were criticizing Merrill and Citi for taking on so much exposure to the other bond insurers and insisting that these insurers not get bailed out. It ...
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Pay Increase for Executive of A.I.G. Is Allowed
3 hours ago ago from The New York Times
WASHINGTON (AP) A top executive of the American International Group has been granted more than a $4 million increase in a pay package because the executive has decided to remain with the company. Related Times Topics: American International Group Inc. The Obama administration's pay adviser, Kenneth R. Feinberg , approved a request by A.I.G., the insurance giant, to grant the executive a long-term compensation package ...
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