AIG ignited fresh outrage over the weekend with news that it's making $165 million in bonus payments to executives on Sunday, most of them in the unit that sold risky financial contracts that caused huge losses for AIG.
The Fed chief on Sunday's broadcast repeated his ire over the AIG bailout, saying that over the past 18 months, that was the case that angered him the most. He says he "slammed the phone more than a few times on discussing AIG." - Jeannie Aversa, AP Economics Writer
I mean, really!
Perhaps it's no surprise then: apparently, a lot of the business that AIG did was with European banks (see below). The Economist should do the stats for cocaine use of the bailout-banks. At least the U.S. is still #1 at something.
The Fed chief on Sunday's broadcast repeated his ire over the AIG bailout, saying that over the past 18 months, that was the case that angered him the most. He says he "slammed the phone more than a few times on discussing AIG." - Jeannie Aversa, AP Economics Writer
I mean, really!
Perhaps it's no surprise then: apparently, a lot of the business that AIG did was with European banks (see below). The Economist should do the stats for cocaine use of the bailout-banks. At least the U.S. is still #1 at something.
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