Here Comes Trouble: Stories from My Life

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Articles tagged with: “AIG”

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April 3rd, 2009

Hundreds Rally on Wall St., Demanding Action to Combat Economic Crisis

By Alex Kane / Indypendent Channeling widespread populist anger at seemingly never ending bank bailouts and excessive executive compensation, hundreds of demonstrators converged on Wall St. this afternoon for a rally and march through the financial district, even as a steady rain continued throughout the day. Organized by the Bail ... continue reading

April 3rd, 2009

NYC protesters ask US to 'bail out the people'

By Verena Dobnik NEW YORK (AP) — Chanting "Whose street? Our street!" hundreds of people rallied on Wall Street on Friday to protest the billions of dollars in federal bailout money to big business. Monica Moorehead, managing editor of the left-leaning newspaper Workers World, said the crowd gathered to protest ... continue reading

April 3rd, 2009

Activists protest bailouts near Wall Street

By Christine Kearney NEW YORK, April 3 (Reuters) - Several hundred demonstrators protested near Wall Street on Friday against the handling of the U.S. economic crisis, government bailouts of private banks and corporations and bonuses paid out at insurer AIG. Members of worker rights, healthcare and anti-war groups gathered in ... continue reading

April 3rd, 2009

As Crisis Loomed, Geithner Pressed But Fell Short

Before Timothy Geithner became Treasury chief, he regulated major U.S. banks. Now he says: "We're having a major financial crisis in part because of failures of supervision." By Robert O'Harrow Jr. and Jeff Gerth / Washington Post In September 2005, Timothy Geithner made one of his most visible moves as ... continue reading

March 23rd, 2009

Protest erupts outside AIG headquarters

by Justin Reynolds / Wilton Bulletion Saturday afternoon brought some of this year's best weather, but outside American International Group Financial Products' headquarters in Wilton, roughly 30 protesters gathered, creating a storm of anger against the company's decision to use government bailout money to give some of its employees bonuses. ... continue reading

March 23rd, 2009

Protesters visit AIG officials' lavish Conn. homes

By John Christoffersen / Associated Press FAIRFIELD, Conn. – A busload of activists representing working- and middle-class families paid visits Saturday to the lavish homes of American International Group executives to protest the tens of millions of dollars in bonuses awarded by the struggling insurance company after it received a ... continue reading

March 19th, 2009

Anti-AIG demonstrations draw small, animated crowds

By Christine Kearney NEW YORK (Reuters) - Small crowds of protesters angered by the government's $180 billion bailout of AIG marched in cities across the United States on Thursday, mocking bonuses paid to employees who helped push the company to the brink of collapse. The largest U.S. labor union, the ... continue reading

March 17th, 2009

Dem Congressman on AIG: 'One of Those Times We Have to Amputate'

By Elana Schor / Talking Points Memo I just spoke with Rep. Alan Grayson (D-FL), a freshman on the House Financial Services Committee who's become a fast-rising star thanks to his tenacious advocacy for transparency in bailout lending by the Federal Reserve. Grayson joined fellow Democrats as well as Republicans ... continue reading

March 17th, 2009

US Senator: AIG execs should consider suicide

WASHINGTON (AFP) — A prominent US Senator has suggested that top executives of the bailed-out insurer AIG ought to quit or kill themselves, which he described as the Japanese model of honorably taking responsibility. Senator Charles Grassley, the top Republican on the Senate Finance Committee, told a radio station in ... continue reading

March 9th, 2009

A.I.G., Where Taxpayers' Dollars Go to Die

By Gretchen Mortgenson / New York Times "Derivatives are dangerous." That simple sentence, written by Warren Buffett, begins an enlightening discussion in Berkshire Hathaway's most recent annual report. Mr. Buffett's views on derivatives, gleaned from his own unhappy encounters with them, should be required reading for all United States taxpayers. ... continue reading

March 9th, 2009

Fed Refuses to Release Bank Data, Insists on Secrecy

By Mark Pittman and Craig Torres March 5 (Bloomberg) -- The Federal Reserve Board of Governors receives daily reports on bailout loans to financial institutions and won't make the information public, the central bank said in a reply to a Bloomberg News lawsuit. The Fed refused yesterday to disclose the ... continue reading

March 8th, 2009

Top U.S., European Banks Got $50 Billion in AIG Aid

By Serena Ng and Carrick Mollenkamp / Wall Street Journal The beneficiaries of the government's bailout of American International Group Inc. include at least two dozen U.S. and foreign financial institutions that have been paid roughly $50 billion since the Federal Reserve first extended aid to the insurance giant. Among ... continue reading

March 3rd, 2009

Bernanke grilled on latest $30B bailout of AIG

By Jeannine Aversa / Associated Press WASHINGTON – Irritated lawmakers grilled Federal Reserve Chairman Ben Bernanke Tuesday over the latest bailout of American International Group, even as the Fed chief warned that an economic recovery hinges on the government's success in stabilizing shaky financial markets and their major players. "I ... continue reading

March 3rd, 2009

Communities Slammed by Surge in Bank-Owned Homes

Real Estate Owned Properties Expected to Hit 1.5 Million By Mary Kane / Washington Independent Banks that received government bailout money are taking heat for spending billions of dollars on bonuses, executive pay, and lavish outings. But there's another outrage that Washington seems to be missing: The growing number of ... continue reading

December 31st, 2008

Downgrades and Downfalls

How could a single unit of AIG cause the giant company's near-ruin and become a fulcrum of the global financial crisis? By straying from its own rules for managing risk and then failing to anticipate the consequences. By Robert O'Harrow Jr. and Brady Dennis / Washington Post The contracts were ... continue reading

November 24th, 2008

Citi, AIG Won't Drop Big Sports Sponsorships

Critics Slam Bailed-Out Firms' Pricey Deals for Naming Rights, Logo Placement By Justin Rood / ABC News AIG, Citibank and a number of other federally bailed-out financial institutions have no plans to cancel hundreds of millions of dollars in sports team sponsorships, even as they take billions in taxpayer support, ... continue reading

November 24th, 2008

U.S. rescues giant Citigroup

The plan involves a $20-billion infusion and guarantees on hundreds of billions in bad loans. By Peter G. Gosselin / Los Angeles Times The federal government rushed to the aid of faltering banking giant Citigroup Inc. late Sunday night, agreeing to invest $20 billion more and accept the lion's share ... continue reading

November 24th, 2008

U.S. Offers Citigroup Expansive Safety Net

Aim Is to Restore Confidence in Critical Bank By Neil Irwin and David Cho / Washington Post The government said last night that it will provide a multibillion-dollar backstop for Citigroup, revamping emergency efforts yet again to head off the failure of a company more deeply intertwined with the financial ... continue reading

October 28th, 2008

"The Party's Over?" ...questions for Nancy Pelosi from Cindy Sheehan

The title for this piece was a very unfortunate statement that Nancy Pelosi made after she handed the banksters on Wall Street 700 billion dollars of our money. This was a whopper of a crime that bailed out fabulously wealthy people who took risks that made them rich on the ... continue reading

October 1st, 2008

Here's How to Fix the Wall Street Mess ...from Michael Moore

[DO SOMETHING: Click here to endorse 'Mike's Rescue Plan.' All signatures will be sent to Nancy Pelosi before Friday’s House Vote.] Friends, The richest 400 Americans -- that's right, just four hundred people -- own MORE than the bottom 150 million Americans combined. 400 rich Americans have got more stashed ... continue reading

September 26th, 2008

Bailout foes hold day of protests

Grassroots groups and online activists rally against the proposed taxpayer rescue of Wall Street. NEW YORK ( -- The public backlash against the Bush administration's proposal to use tax dollars to bailout Wall Street spilled into the streets Thursday. "People all over the country are up in arms about this," ... continue reading

March 2nd, 2005

Stocks Finish Lower as Oil Price Spikes

By Megan Davies / Reuters U.S. stocks fell on Wednesday as spiking oil prices reawakened concerns about increased corporate costs, but investors took reassurance from remarks by Federal Reserve Chairman Alan Greenspan that signaled no change in interest-rate policy. U.S. crude oil futures surged above $53 a barrel, a four-month ... continue reading

February 28th, 2005

Intelligence Nominee Vows to Sell Stock

By Katherine Shrader / Associated Press John Negroponte, President Bush's choice for intelligence chief, is a multimillionaire who promised last year to sell stock in companies that have business stakes in Iraq's reconstruction, according to his financial disclosure reports. It is unclear from two April reports, Negroponte's most recent filings, ... continue reading

October 14th, 2004

James Baker's Double Life

By Naomi Klein / The Nation When President Bush appointed former Secretary of State James Baker III as his envoy on Iraq's debt on December 5, 2003, he called Baker's job "a noble mission." At the time, there was widespread concern about whether Baker's extensive business dealings in the Middle ... continue reading

First Page 3 of 3

FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States WASHINGTON—The FBI announced today that it has uncovered a...

Apr 15th
3:28 PM
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Revealed: Rahm Emanuel's top donor bought stock in Marriott just before it was awarded huge contract As schools are closed and pensions cut,...

Apr 9th
2:00 PM
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I'll be at First Time Fest today in New York City at the screening of my first film, Roger & Me. Loews Village 7 at 12:30 pm. Come see it on the big...

Apr 5th
9:48 AM
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Revealed: Rahm Emanuel cuts public pensions, diverts money to benefit campaign donors If you've read the financial news out of Chicago the last...

Apr 4th
2:19 PM
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Please take a moment today to think of Casey Austin Sheehan, son of Cindy and Patrick, who was murdered by U.S. foreign policy in Sadr City, Baghdad ten years...

Apr 4th
2:00 PM
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ICYMI - I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence...

Apr 3rd
7:38 PM
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I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence Prevention...

Apr 2nd
8:27 PM
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I am opposed to the death penalty, but to every rule there is usually an exception, and in this case I hope the criminals at General Motors will be arrested...

Apr 1st
3:55 PM
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How Long Some in the US Will Survive Under New Health Law Donna Smith Those who must access care to live and can afford it are not...

Mar 31st
10:13 PM
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Last night, The Good Wife on the East Coast started 40 minutes late due to the overrun of the NCAA basketball game. If you had your DVR set for the show, you...

Mar 24th
5:41 PM
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Watching films today, looking for the ones I'm going to pick for my film festival this summer. I (and a whole bunch of others!) have this thing we put on...

Mar 23rd
4:48 PM
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When the U.S. Health Care System Keeps Killing, Who Cares Enough to Fight? Donna Smith We have largely forgotten that people are at...

Mar 21st
5:56 PM
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Tell the White House not to give up on Dr. Vivek Murthy's nomination as Surgeon General despite the ferocious opposition from the NRA: Don't give...

Mar 21st
5:38 PM
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This criminal would never see a jail cell, nor would his cronies. In fact, they'd later be rewarded with re-election: Presidential Address on War with...

Mar 19th
9:40 PM
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The crime of the century -- our invasion & slaughter in Iraq -- started 11 years ago tonite in this 7pm (ET) hour, March 19th, 2003: CNN Coverage of...

Mar 19th
9:08 PM
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Washington’s Back-to-the-Future Military Policies in Africa Nick Turse Nick Turse is an award-winning journalist, historian,...

Mar 17th
4:59 PM
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"I think democracy is the most revolutionary thing in the world." -- Tony Benn, 1925-2014 Tony Benn in 'Sicko'

Mar 14th
10:07 AM
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RIP Tony Benn, one of the UK's greatest leaders: Tony Benn, veteran Labour politician, dies aged 88 Former cabinet minister died at...

Mar 14th
9:53 AM
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Please read this important story from K. Ford K.: Am I the Face of the New American Middle Class? I began to feel I had slipped so low...

Mar 13th
2:24 PM
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Yesterday Dianne Feinstein revealed that the CIA has been spying on the Senate Intelligence Committee. This is all about the report the committee has produced...

Mar 12th
6:48 PM
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Health Care for All Colorado has brought Mercy Killers, a show written and performed by Michael Milligan about our murderous for-profit healthcare system, to...

Mar 10th
1:08 PM
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Health Care Dramas that Sting and Why We Have to Watch Donna Smith The realities Milligan has written into the show cut deep into...

Mar 10th
1:02 PM
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Did you know the Lehrer Newshour on PBS has been produced for 20 years by a company owned by conservative cable billionaire John Malone? Me neither. After...

Mar 7th
8:39 PM
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Mr. Obama, if int’l law is so damn crucial . . . | The Russian intervention deserves criticism. But let’s be clear. The...

Mar 6th
1:21 PM
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Enron billionaire John Arnold thinks everyone should believe him when he says we've got to cut pensions because he's so incredibly rich: John...

Mar 5th
4:20 PM
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More in David Sirota's continuing series on the billionaire takeover of PBS: More PBS conflict woes as activists move to eject David Koch from board of...

Mar 3rd
12:35 PM
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Ukraine: One ‘Regime Change’ Too Many? Ray McGovern Is “regime change” in Ukraine the bridge too far for the neoconservative...

Mar 2nd
9:25 PM
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Latest from David Sirota on Enron billionaire John Arnold smuggling anti-pension propaganda into "neutral" institutions like PBS and now, the...

Mar 1st
12:58 PM
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Second Guessing a Life: US Health Care System Robs Security and Human Dignity Donna Smith The dysfunction of the US health care system...

Feb 27th
1:40 PM
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