Entries by emptywheel

The Geithner Master Plan To Recover The AIG Bonuses

Pretty much the only news this week has been outrage over the bogus bonuses paid to individuals in the AIG Financial Products division (yes, they have already been paid) and discussion among the political class as to how to remedy the situation. The moment we have all been waiting for has arrived: Tim Geithner has announced his master plan. Sounds like he stole it from Gomer Pyle.

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Win the Super Bowl? Win a Long Trip to Ireland!!!

A nice touch, announcing this on St. Paddy’ Day:

President Barack Obama today announced his intent to nominate Steelers owner Dan Rooney as ambassador to Ireland.

In a statement from the White House, Mr. Obama said, “I am honored and grateful that such a dedicated and accomplished individual has agreed to serve as the representative of the United States to the Irish people.

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Obama to Geithner: Get That Bonus Money Back

It sounds like Obama has told Tim Geithner to go back to Edward Liddy and explain that $100 million bonuses are unacceptable.

I’m glad that Obama did this (after seeing the outrage in Congress no doubt). I’m still astounded that Geithner needed to be told. And I’m still suspicious that Geithner was responding to threats from AIG that no one is much talking about.

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