We need more — not fewer — oil traders.
Why There Should Be More Oil Speculation, Not Less
Tag Archives: bailout
Is AIG Spending Too Much on Public Relations?
AIG CEO Edward Liddy was a model of fiscal discipline. Appearing before Congress last month, he committed the bailout billionaire to pay back its government loans, clean up the financial mess it created and act as “good stewards of the public funds we have received.” So why is AIG spending tens of thousands of dollars every month on four big p.r
Obama’s Challenge: Containing the AIG Bonus Outrage
The White House scrambled on Monday to get ahead of the latest outrage stemming from the bailout of failed corporate behemoth American International Group : $165 million in bonus pay for executives in one part of the firm, which is now 80% controlled by American taxpayers. President Barack Obama took to the podium in the East Room to tag AIG by name, calling its financial predicament a product of “recklessness and greed.” The President said he has asked Treasury Secretary Timothy Geithner to “block these bonuses and make the American taxpayers whole,” adding, “This isn’t just a matter of dollars and cents