Put away your torches and pitchforks. Your outrage, along with a proposed but not likely to be enacted 90 percent tax on AIG bonus payments, has done its job. It seem that the threat by Representatives to take back via taxes most of the AIG bonuses paid in federal bailout dollars was enough ... Read more

Two days ago, the head of the House tax-writing committee spoke out against the idea of a specific tax on recipients of AIG bonuses. The tax code is " not a political weapon ," said Rep. Charles Rangel (D-N.Y.). Today, Rangel has loaded his tax gun. He and his House colleagues are ... Read more

Before I sign-off for the week, I had to post a funny video. John Oliver from TDS at an AIG protest...well, kind of. And watch closely at the 1:30 mark and you will see Dinosaur Trader make a cameo. Follow the link below for video posted by Trader X. ... Read the full post ... Read more

Was the (very justified) outrage over the AIG bonuses a clever ruse to mask what to me feels like a much bigger reason for outrage, the AIG related bailout of Goldman and Friends. OK, trying to wrap my hands about this whole AIG counterparty bailout sham. This from Barry the other day. The ... Read more

That's the message from President Obama, who has instructed Treasury Secretary Timothy Geithner to "pursue every legal avenue" to block $165 million in bonuses that the bailed out insurer plans to pay executives who were in part responsible for the company's near collapse. ... Read the ... Read more

President Obama has asked Treasury Secretary Tim Geithner to looking compensation being paid to AIG (AIG) employees for work done in 2008 and to pursue “every legal avenue to block these bonuses and make the American taxpayers whole.” New York Attorney General and future government ... Read more