Here Comes Trouble: Stories from My Life

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Articles tagged with: “American International Group”

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April 30th, 2010

AP source: Criminal probe of Goldman under way

WASHINGTON – The U.S. attorney's office in Manhattan is conducting a criminal investigation of Goldman Sachs over mortgage securities deals the big Wall Street firm arranged, a knowledgeable person said Thursday.The person said the probe stems from a criminal referral by the Securities and Exchange Commission. The source spoke on ... continue reading

January 27th, 2010

Geithner draws fire defending Fed on AIG bailout

WASHINGTON – Democrats and Republicans alike pummeled Treasury Secretary Timothy Geithner on Wednesday over his role in the $180 billion bailout of insurance giant AIG Inc., venting public anger over Wall Street's return to prosperity while 10 percent of Americans are still jobless.Geithner, one of the original architects of the ... continue reading

December 23rd, 2009

AIG executives' promises to return bonuses have gone largely unfulfilled

When word spread earlier this year that American International Group had paid more than $165 million in retention bonuses at the division that had precipitated the company's downfall, outrage erupted, with employees getting death threats and President Obama urging that every legal avenue be pursued to block the payments.New York ... continue reading

October 3rd, 2009

A Great Opening Night -- Do Not Put Off Seeing "Capitalism: A Love Story" -- GO TONIGHT! All of Wall Street is Watching!

Friends, Thank you, all of you, who packed the theaters across North America last night to see my new film. The movie houses were rockin'! The national movie exit poll company announced this morning that the audiences in America gave "Capitalism: A Love Story" a rare "A" rating! Wow, thank ... continue reading

September 9th, 2009

Wall St bonuses spark outrage on Main Street USA

By Steve Eder and Ed Stoddard NEW YORK/EULESS, Texas (Reuters) - All you have to do to feel the outrage over the continuing flow of bonuses on Wall Street is to take a walk down Main Street. Reuters reporters spoke to people in half a dozen towns and cities across ... continue reading

September 5th, 2009

Michael Moore Slams Bailout of Wall Street, Wants 'Money Back'

By Farah Nayeri Sept. 5 (Bloomberg) -- Michael Moore launched his movie "Capitalism: A Love Story" at the Venice Film Festival today, staging an all-out attack on the free-market system and on the U.S. government bailout of financial institutions. "Capitalism is an evil, and you cannot regulate evil," Moore, an ... continue reading

September 1st, 2009

Michael Moore’s Wall Street Satire to Open at Venice Festival

By Farah Nayeri Sept. 2 (Bloomberg) -- Michael Moore, the American filmmaker and satirist, is making Venice the launchpad for his Wall Street diatribe, “Capitalism: A Love Story.” Moore’s “Capitalism” will compete for the top prize at the 10-day Venice Film Festival, which opens today. The two-hour movie, which screens ... continue reading

August 28th, 2009

Is Benmosche Bringing the Swagger Back to AIG?

By Michael Corkery / Wall Street Journal It’s August, and deal makers are holed up in beachside mansions and golf retreats around the world. You might think the last thing they would want to do is invite a reporter into their summer house for an on-the-record interview. Not Robert Benmosche. ... continue reading

July 22nd, 2009

Autos, banks spend $20M lobbying

By Silla Brush / HillAuto companies and eight of the country's biggest banks that received tens of billions of dollars in federal bailout money spent more than $20 million on lobbying Washington lawmakers in the first half of this year. General Motors, Chrysler and GMAC, the finance arm of GM, ... continue reading

July 10th, 2009

US Congressional group asks White House for Fed probe

WASHINGTON, July 10 (Reuters) - In the latest political swing at the Federal Reserve, 14 Republican and 3 Democratic members of the House of Representatives on Friday asked the White House to investigate the U.S. central bank before granting it greater regulatory power. President Barack Obama has proposed making the ... continue reading

April 24th, 2009

Swaps Man Who Knew Too Much Fights to Salvage World He Lost

By Shannon D. Harrington, Pierre Paulden and Neil Unmack April 24 (Bloomberg) -- As the sun streamed through the glass ceiling of London's 40-story "Gherkin" tower in May 2007, Thomas Jasper raised his champagne glass. Almost 25 years after the former Salomon Brothers Inc. banker transformed the derivatives market into ... continue reading

April 24th, 2009

Bear, AIG Dumped $74 Billion in Subprime, CDOs on Fed

April 24 (Bloomberg) -- The Federal Reserve took on more than $74 billion in subprime mortgages, depreciating commercial leases and other assets after Bear Stearns Cos. and American International Group Inc. collapsed. In its biggest disclosure of the securities accepted to stabilize capital markets, the Fed said yesterday it had ... continue reading

April 20th, 2009

Pension fund calls for review of exec bonuses

By Stephen Bernard NEW YORK (AP) — The pension funds of the Service Employees International Union on Monday asked 29 financial services firms including AIG and Citigroup to investigate bonuses paid to top executives since 2005 amid fallout from the credit crisis. The consortium of funds, known as SEIU Master ... continue reading

April 18th, 2009

Injured War Zone Contractors Fight to Get Care From AIG and Other Insurers

by T. Christian Miller / ProPublica and Doug Smith / Los Angeles Times Reporting from Los Angeles and Washington — Civilian workers who suffered devastating injuries while supporting the U.S. war effort in Iraq and Afghanistan have come home to a grinding battle for basic medical care, artificial limbs, psychological ... continue reading

April 4th, 2009

Protesters Hold Second Day's March On Wall Street

NY1 Thousands of protesters marched in Manhattan for the second day in a row on Wall Street today, to call for an end to the wars in Iraq and Afghanistan and for more government aid for struggling working people. The group United for Peace and Justice organized the event, which ... continue reading

April 4th, 2009

Administration Seeks an Out On Bailout Rules for Firms

Officials Worry Constraints Set by Congress Deter Participation By Amit R. Paley and David Cho / Washington Post The Obama administration is engineering its new bailout initiatives in a way that it believes will allow firms benefiting from the programs to avoid restrictions imposed by Congress, including limits on lavish ... continue reading

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

For A.I.G. Executives, Here Comes the Tour Bus

By Manny Fernandez / New York Times FAIRFIELD, Conn. — The bus pulled up at a quiet intersection on Saturday, just another chilly afternoon here in one of the wealthiest counties in America, where the median household income is $78,353 and where, a short walk up the street, an A.I.G ... 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 19th, 2009

A Day of Protests, Against Iraq War and A.I.G.

New York Times On the eve of the sixth anniversary of the United States’ invasion of Iraq, hundreds of protesters in New York City made it clear on Thursday that while they welcomed the change in American political leadership, they would not relent in urging President Obama to accelerate the ... continue reading

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If you have a moment today, I hope you can read the obituary for my father Francis (Frank) Moore, who died this past Saturday at the age of 92: Francis...

Apr 22nd
6:33 PM
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My father, Francis (Frank) Moore, passed away this morning a few months shy if his 93rd birthday. He was a great dad I am blessed to have had him in my life. I...

Apr 20th
2:58 AM
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Time to put the cuffs on Chris Christie -- not for the bridge scandal, but for this: Chris Christie's $300m pension proposal broke state anti-corruption...

Apr 18th
7:31 PM
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George W. Bush Debuts New Paintings Of Dogs, Friends, Ghost Of Iraqi Child That Follows Him... President Bush has a new hobby -- painting! --...

Apr 17th
7:28 PM
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Big new story from David Sirota and Pando on top Christie adviser and appearance of corruption at New Jersey's pension fund: REVEALED: Gov....

Apr 17th
12:41 PM
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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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