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A co-worker recently asked me about "instant messaging". I told him that the only instant messaging that I do is with my middle finger. (Illustration not necessary.) In a move that other states may take note of, North Carolina, the N.C. Office of the Commissioner of Banks (NCCOB) is sending...
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Former AIG Executive VP Jake DeSantis Writes Op-Ed in New York Times, Addresses to CEO Edward Liddy (Bloomberg News)
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The company removed the name and logo in the home and sid property and casualty unit in Manhattan as part of the "rebranding effort". (Bloomberg News)
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Nineteen States have started their own investigation of the AIG bonuses. Margaret Popper of Bloomberg News has the details of the story. (Bloomberg News)
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Tom Donaldson, professor of legal studies and ethics at Wharton Business School, and Julian Epstein, a Democratic strategist, discuss whether taxing AIG bonuses is just one item in a full blown rush to judgment on AIG.
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Rep. Jeb Hensarling, R-Texas, questions AIG CEO Edward Liddy on the company's bonus payouts and how it's handling its bailout money.
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AIG CEO Edward Liddy responds to questions from members of the House Financial Services Subcommittee on Capital Markets, Insurance, and GSEs.
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AIG CEO Edward Liddy responds to questions from members of the House Financial Services Subcommittee on Capital Markets, Insurance, and GSEs.
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Rep. Barney Frank, chairman of the House Financial Services Committee, questions AIG CEO Edward Liddy on the company's bonus payouts and how it's handling its bailout money.
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Live! From Capitol Hill: AIG CEO Edward Liddy Addresses House Financial Services Committee (Bloomberg News)
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Rep. Carolyn Maloney, (D-NY) says AIG CEO Ed Liddy should not have paid the bonuses.
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Live! From Outside the White House: President Barack Obama Holds News Conference Prior to California Town Meeting [FULL CLIP - 14:10] (Bloomberg News)
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The next bail out payment due from the U.S. Government to troubled insurance giant AIG will exclude the amount that was paid by the company to employees in new bonuses. In a letter written to congressmen on Tuesday, U.S. Treasury Secretary Timohty Geithner said $165M will be taken from the $30bln the...
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The Obama administration will try to be " creative " in finding a solution to the AIG bonus fiasco , the White House's economic adviser said on Tuesday. Speaking on CNBC, White House National Economic Council Chairman Lawrence Summers said the administration will explore all options to...
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Washington's power players are letting their outrage over AIG's bonuses be known, and Jon Hilsenrath, of The Wall Street Journal, and CNBC's John Harwood discuss whether this will lead to eve more regulation.