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Bonus blues stalks big AIG, Wachovia

AIG definitely made the right move in announcing that its CEO would receive a $1 salary for 2008 and forego a bonus. The six other top executives will give up bonuses as well. About 50 other... Read more...

Goldman Sachs refutes 'Columbia Journalism Review'

Goldman Sachs has taken issue with Dean Starkman, the author of The Audit for the Columbia Journalism Review, about Goldman's stake in AIG. Here's the exchange.... Read more...

Can AIG pay the government back?

AIG has set all kinds of records for biggest bailout in U.S. history, which raises the issue of what kind of a deal are taxpayers getting? Will the firm ever be able to make good on the loans? Article... Read more...

What went wrong at AIG?

People awoke this morning to the news that the government is investing another $40 million, via TARP, in troubled AIG. That brings the total bailout to $150 million, far more then the government has... Read more...

BlackRock's role in the crisis

BlackRock CEO Larry Fink is dominating the headlines like he did a few months ago, when it seemed like he was a candidate for every high-profile open CEO position. His firm is playing an active role... Read more...

Lots of intrigue over AIG

The New York Times reports that AIG is "rapidly running through" the $123 billion in emergency lending it has received from the Fed. It has drawn down $90 billion so far, which is prompting a lot of... Read more...

Is the Cramer vs. AIG rift over?

Jim Cramer has offered an apology to AIG employees, reports the New York Post. "Sorry, regular AIG guys, I did not mean you," he said on his talk show. The apology follows an angry letter sent by new... Read more...

Jim Cramer under fire

Of late, hedge fundie-turned-pundit and TV personality Jim Cramer has been called the "Jerry Springer of finance." I'm not sure if he would dispute that. Cramer of course has made enemies of AIG... Read more...

Why the bailout has not lifted confidence

We've seen some amazing government moves in the last few days: the bailout plan; the decision to directly buy short-term commercial paper from companies; the decision to provide yet more liquidity to... Read more...

What to make of AIG?

For AIG, the hits just keep coming. The latest: the Fed has agreed to make another $38 billion available to the disgraced insurer to keep its troubled lending securities business alive. That unit... Read more...

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