Articles About American International Group

Author:
James I. Clark III
Posted:
02.17.2010

Bernanke Edges Closer to Closing the Cash Floodgates

Federal Reserve Chairman Ben Bernanke is starting to look at ways to back off from the central bank’s heroic efforts to keep the nation’s economy afloat through the financial crisis of the past 18 months. The trick to raising short-term interest rates, which have been at historic lows for more than a year, is to […]

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Author:
James I. Clark III
Posted:
01.14.2010

Czar Kenneth Feinberg Wants Across-the-Board Executive Pay Cuts

Compensation czar Kenneth Feinberg – officially, the Obama administration’s special master for executive compensation – believes that the pay reductions he mandated at seven taxpayer-rescued firms should become the model  for Wall Street and corporate America. “There is entirely too much reliance on cash and there’s got to be a better way to tie corporate […]

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Author:
Tom Silva
Posted:
11.21.2008

$700 Billion Financial Bailout Plan Still Evolving

Treasury Secretary Henry Paulson is sitting on $350 billion dollars of the taxpayers’ money, and can’t quite settle on the best way to spend it.  When approved by Congress in October, the $700 billion Troubled Assets Relief Program (TARP) bill’s purpose was to purchase bad mortgage assets that had frozen the credit markets. The Treasury Department […]

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