Showing posts with label Bailout. Show all posts
Showing posts with label Bailout. Show all posts

Tuesday, March 17, 2009

AIG Bonuses

$165 million in bonuses for AIG executives is under question as President Obama tries to halt the payout to the troubled company.  AIG is now 80% owned by taxpayers and has received $170 Billion in taxpayer money.  

Sunday, March 1, 2009

American International Group, INC

AIG will be bailed out again.  Ratings agencies, Standard & Poor and Moody's Investor's Service have approved the rescue package for the troubled company.  From the article: 

"Fearing that a collapse of AIG would wreak havoc on the world financial system, the U.S. government stepped in to save the insurer last September. The rescue plan awaiting approval is the third version and was worked out over a period of months, according to the report."