Outrage Over Latest Round of Bonuses

Outrage Over Latest Round of Bonuses for AIG Employees

Grace Huang, Truthout: "AIG planned to pay out about $100 million in bonuses Wednesday to many of its employees who worked in a division of the firm that was largely responsible for the insurance giant's spectacular meltdown."

//www.truthout.org/outrage-over-latest-round-bonuses-aig-employees56656

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Goldman Sachs CEO Blankfein gets stock-based $9 million bonus:

The amount, although eye-popping by Main Street standards, is smaller than the stock-based bonuses his rivals received for 2009. On Friday, J.P. Morgan Chase said it would award $17 million to chief executive Jamie Dimon.

//snipurl.com/uahkf



Secret AIG Document Shows Goldman Sachs Minted Most Toxic CDOs

By Richard Teitelbaum

The New York Fed, which secretly engineered the bailout, prevented the full publication of the document for more than a year.

//www.informationclearinghouse.info/article24857.htm


From Information Clearing House

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Wall Street wants a refund

The Nation
by Robert Scheer

02/10/10

‘Buyer’s remorse’ is the way Senator John Cornyn, the Senate Republicans’ fundraiser, gleefully refers to Wall Street moguls’ current disenchantment with the US president they thought they had bought. They didn’t like it when Barack Obama, after a year of throwing trillions of American taxpayer dollars into the bailout sinkhole, dared remark that he had hoped there might be some return for ordinary folks trying to save their jobs and homes. Not just huge bonuses for the folks the president dared refer to as ‘fat cats.’ ‘That’s it!’ the moguls declared, and promptly shifted their political donations from Democrats to Republicans...

//www.thenation.com/doc/20100222/scheer


Informant: Thomas L. Knapp



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