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Once again, another corporate criminal settles with the government on a Friday. This time it is Maurice Greenberg, former chief executive of American International Group (AIG) who reached a settlement with New York State where he admitted his planning...
by m2c4
 6 comments
on Mon Feb 13, 2017 at 12:38 PM PST
with 10 Recommends
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In late 2007 and 2008, the United States and the global economy were devastated by the subprime crisis . That financial calamity was so named due to the hundreds of thousands of foreclosed upon ...
by Jon Perr
51 comments
on Sun Sep 18, 2016 at 04:31 PM PDT
with 86 Recommends
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The latest massive offense the Obama administration has done to Wall Street is to come up with a rule telling financial services companies that their first duty is to their clients. That's such an off
by Joan McCarter
143 comments
on Wed Jan 27, 2016 at 09:22 AM PST
with 278 Recommends
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Please, if you don’t think you understand the financial meltdown and why Obama rescued Wall Street and what they were rescued from, please know this very simple explanation of what has not been ...
by eve
32 comments
on Tue Oct 06, 2015 at 09:30 AM PDT
with 6 Recommends
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Recently, in an interview for Inc. magazine, former President Bill Clinton stated "Look at all the grief I got for signing the bill that ended Glass-Steagall. There's not a single, solitary ...
by CaptainRelentless
55 comments
on Wed Aug 19, 2015 at 09:34 PM PDT
with 66 Recommends
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[Diarist’s Note: Naked Capitalism Publisher Yves Smith has provided written authorization to the diarist to reproduce her blog’s post in its entirety to the Daily Kos community.]
[http://www....
by bobswern
21 comments
on Tue Oct 07, 2014 at 05:33 AM PDT
with 24 Recommends
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[Diarist’s Note: Naked Capitalism Publisher Yves Smith has provided written authorization to the diarist to reproduce her blog’s post in its entirety for the benefit of the Daily Kos community.]
by bobswern
33 comments
on Tue Oct 07, 2014 at 04:38 AM PDT
with 77 Recommends
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Monday, and throughout the week, in a case being heard by U.S. Court of Federal Claims Judge Thomas Wheeler, in Washington D.C. [See: [http://www.nytimes.com/interactive/2014/09/24/business/dealbook/...
by bobswern
80 comments
on Tue Oct 07, 2014 at 03:55 AM PDT
with 132 Recommends
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Rep. Cummings Calls for AIG CEO's Head After He Compares Anger Towards Wall St to Southern Lynchings Emboldened by the basic fact that--other than a few billion dollars in fines and zero jail time--Wall Street's "Masters Of The Universe" have gotten away with nothing short of [http://www.dailykos....
by bobswern
83 comments
on Tue Sep 24, 2013 at 10:26 PM PDT
with 224 Recommends
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The links would probably give it away anyway, but cross-posted on MN Progressive Project .
It's mid-September 2013, and we're celebrating the financial crisis of ...
by ericf
2 comments
on Wed Sep 18, 2013 at 11:00 PM PDT
with 4 Recommends
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One thing that our biggest banks are great at is taking unconscionable risks with other people's money. From the subprime mortgage fiasco that brought down Lehman Brothers and the catastrophic bets ...
by sanghoee
19 comments
on Sun Apr 28, 2013 at 07:58 AM PDT
with 15 Recommends
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Yes, unlike what was sold to us about Dodd Frank , there are in effect already backdoor bailouts before our very eyes if we care to look. This one involves the most important regulator of our entire ...
by priceman
22 comments
on Wed Feb 20, 2013 at 11:04 AM PST
with 29 Recommends
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Jack Lew, President Obama's choice to succeed outgoing Treasury Secretary Tim Geithner, is going to have quite a clean-up job to do when he takes over. First order of business:
by Joan McCarter
35 comments
on Tue Jan 29, 2013 at 12:58 PM PST
with 36 Recommends
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Contrary to popular misconception, the US Treasury Department did act to alleviate the hardships caused by the financial collapse of 2008. In the face of mass unemployment, millions of home ...
by Lcohen
1 comments
on Tue Jan 29, 2013 at 01:10 PM PST
with 1 Recommend
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The middle initial says it all.
AIG, in the infinite wisdom of its Marketing aka Branding Department (because history suggests that one shouldn't credit the Board of Directors with that much sense),
by shanikka
48 comments
on Sun Jan 13, 2013 at 12:00 PM PST
with 26 Recommends
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No fucking wonder AIG needed to be bailed out. Oh. My. God. The incompetence. Now I can't speak about all the fancy financial maneuvering AIG did to land itself in the pit of destitution that ...
by StellaRay
44 comments
on Wed Jan 09, 2013 at 06:02 PM PST
with 41 Recommends
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Matt Taibbi says that as stupid as the AIG shareholders' lawsuit against the government is, there is a kernel of truth to their complaints. _Sure_, AIG was bailed out by the government, and _sure_ ...
by Hunter
75 comments
on Wed Jan 09, 2013 at 08:30 PM PST
with 44 Recommends
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It's hard to believe, but yes, even Masters of the Universe are subject to public opinion. American International Group, Inc. publicly flirted with the idea of joining a lawsuit by its former chief ...
by Joan McCarter
50 comments
on Wed Jan 09, 2013 at 12:46 PM PST
with 34 Recommends
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Man, am I relieved. From the WSJ as reported on MarketWatch , according to unnamed sources :
American International Group Inc. will not join a lawsuit against the U.S. government filed by its ...
by accumbens
20 comments
on Wed Jan 09, 2013 at 11:51 AM PST
with 10 Recommends
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We've all heard that aig is pondering a suit against the usa for the vicious bailout they endured. If you read deep into the NY times article, around about the 20th paragraph,David Boies is involved.
by dancesonpedal
4 comments
on Wed Jan 09, 2013 at 07:03 AM PST
with 1 Recommend
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Recommended
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Recent Diaries
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