AIG CEO Asks For Half Of The Bonus Money Back

AIG CEO Asks For Half Of The Bonus Money Back

AIG CEO Edward Liddy told the House Financial Services subcommittee this afternoon that he has asked the members of the Financial Products division to voluntarily return half of their bonuses.

Why Is The AIG Bailout Money Being Given To Banks?

Why Is The AIG Bailout Money Being Given To Banks?

The Wall Street Journal recently unleashed a wave of anger by reporting that much of the $173 billion given to nationalized insurer AIG went to banks — including billions to European institutions like Societe Generale and Barclays.

Two Economists From The University Of Chicago Explain What The Hell Just Happened

Two Economists From The University Of Chicago Explain What The Hell Just Happened

It’s one thing to understand what just happened to the financial markets, and yet another to actually be able to explain what just happened. Thankfully, Steven Levitt from Freakonomics walked down the hall and found two economists from the University of Chicago (Doug Diamond and Anil Kashyap,) who gave him the best explanation I’ve been able to find about what the hell just happened.