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The Money Blogs is the source for Blogs about the latest financial and stock market news with rss feeds

I woke up this morning, and the sunrise came up a deep shade of red. In their latest bid to save the market from certain ruin, the Federal Reserve has committed $85 billion dollars over a 2-year period to bail out the crumbling insurance titan , American International Group (AIG). In return f ... 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

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

CNBC Headline : AIG Is In Talks With Government To Secure Additional Funds to Keep Operating, CNBC Has Learned. Update from David Faber: AIG Seeks More US Funds As Record Loss Looms. Sources close to the company said the loss will be near $60 billion due to writedowns on a variety of assets includin ... Read more

AIG ( AIG ) will make $450 million in payments to workers at it derivatives unit to make sure that they don't leave. “I was extremely disappointed -- but not surprised -- to learn that AIG will be awarding bonuses to the very division that drove the company into the ground,” said ... Read ... Read more