It’s getting so you can’t follow the twist and turns in the AIG retantion bonus kerfufle without a map… It now looks like Chris Dodd was against the bonuses before he was for them but now he’s against them: For a while, the disappearance of an executive bonus restriction from last month’s economic stimulus looked [...]
The Hits Keep Coming: Chris Dodd Was For AIG Bonuses Before He Was Against Them
March 17, 2009 By 1 Comment
From Fox Business (emphasis mine): Senator Chris Dodd (D-Conn.) on Monday night floated the idea of taxing American International Group (AIG: 0.9194, 0.1393, 17.86%) bonus recipients so the government could recoup some or all of the $450 million the company is paying to employees in its financial products unit. Within hours, the idea spread to [...]
Bloody Monday…
September 15, 2008 By Leave a Comment
The dust is starting to settle on what has been very ugly day on Wall Street. It’s not over by any stretch of the imagination… It’s going to take several days if not weeks for the markets and Main Street to fully digest the implications of Merrill Lynch’s shotgun marriage to Bank of America, Lehman [...]
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