AIG understated the amount of money it paid out to top executives after receiving federal bailout money, the attorney general of Connecticut says — but AIG denies the accusations.
Tag Archives: washington
Bush and Obama Share One Thing: A Publisher
There’s a proud White House tradition of cashing in — er, signing lucrative book deals — on the way out the door. That includes not only Presidents but also first ladies, secretaries of state, speechwriters and so on, all the way down to the White House chefs. But the common wisdom in Manhattan publishing circles was that George W
U.S. Navy vessels in Bahrain for evaluation after collision
A U.S. Navy submarine and a Navy amphibious ship that collided Friday in the Strait of Hormuz south of Iran have arrived in Bahrain to be assessed for damage, the Navy said
Turning toxic coal ash into bridges, buildings
Despite the destruction it caused in a massive spill near a Tennessee power plant in December, coal ash has found many uses that benefit industry and even the environment.
Iranian leader: Obama’s rhetoric not enough
Iran’s supreme leader Ayatollah Ali Khamenei said Saturday he sees no change in U.S. policy toward Iran despite the U.S
Can Afghanistan Support a Beefed Up Military?
Unlike some of his predecessors, Defense Secretary Robert Gates declines to bluff when he doesn’t know the answer. When he was asked on Wednesday about the best strategy for the war in Afghanistan, he shrugged
Somalis Balk at Outsiders Including Osama Bin Laden
Nobody wants a death threat from Osama bin Laden.
Connecticut, 19 other states launch AIG investigations
Twenty state attorneys general announced investigations Friday into the $165 million bonuses paid by insurance giant AIG last week, with Connecticut’s top lawyer issuing subpoenas to CEO Edward Liddy and 11 other executives. Connecticut Attorney General Richard Blumenthal and the Democratic chairman of the General Assembly’s Banks Committee want Liddy and other executives to appear Thursday and bring with them “original or copies of documents regarding the AIG Financial Products Corp
America has a new enemy
Forget Al Qaeda, Weapons of Mass Destruction and the Axis of Evil. A once obscure acronym is on the lips of President Barack Obama, just about every politician in Washington and a lot of angry taxpayers nationwide. It’s AIG., American International Group, a trillion-dollar company operating in 130 countries that was one of the most trusted names on Wall Street
The AIG Backlash: Has Congress Flipped Out?
Barely a day goes by on Capitol Hill without some politician expressing a good measure of righteous indignation.