Mar 20 Watch AIG Bonus Outrage, Deficit Complicate Obama Agenda With Washington still railing against more than $160 million of bonuses at insurance giant AIG, Mark Shields and Byron York consider the impact of the furor and the new estimates of the growing federal deficit on President Obama's agenda. Continue watching
Mar 19 Watch Anger at AIG Continues as House Passes Tax on Bonuses The House voted Thursday to impose a 90 percent tax on some bonuses at AIG and other bailout-funded companies. Editorial writers describe reaction to the controversy across the country. Continue watching
Mar 18 Obama Holds Town Hall in Costa Mesa, Calif. By Admin, PBS News Hour President Barack Obama held a town hall meeting in Costa Mesa, Calif., Wednesday, where he spoke about the AIG controversy, his plan for the budget and economic recovery plans. Continue reading
Mar 18 Watch Outcry Over AIG May Pose Challenge to Obama’s Agenda President Barack Obama issued a new defense Wednesday in the firestorm over AIG bonuses as the AIG chief testified on Capitol Hill. Analysts offer insight on the political impact. Continue watching
Mar 18 AIG Chairman Liddy Heads to Capitol Hill By Admin, PBS News Hour The head of American International Group appeared on Capitol Hill Wednesday amid a furor over bonus pay at the company and told lawmakers that he's called on employees to return a portion the controversial payments. Continue reading
Mar 17 Watch Calls Intensify on Capitol Hill to Recover AIG Bonuses Lawmaker anger continued Tuesday over AIG's bonus payments, with some calling for recovery of the funds. Business writers weigh varying views on the bonus debate. Continue watching
Mar 17 Government Furor Continues Over AIG Bonuses By PBS News Hour As the furor continues over millions of dollars in employee bonuses at the failed insurance giant AIG, lawmakers and administration officials in Washington are weighing their options to either block the payments or penalize the company. Continue reading
Mar 16 Watch Obama, Congress Blast AIG Plans for Employee Bonuses AIG plans to pay millions in worker bonuses, a move that has angered lawmakers who have given the insurer bailout billions. Lawmakers weigh the options in dealing with AIG. Continue watching
Mar 16 Obama Cites ‘Outrage’ Over AIG Bonuses By PBS News Hour President Barack Obama said Monday that he intends to stop American International Group from paying out millions in executive bonuses, as concern intensified over the insurance giant's handling of federal rescue money. Continue reading
Mar 12 How Are Losses on Mortgage Derivatives Calculated? Question: If there is no way to currently value the mortgages on which the value of derivatives (collateralized mortgage obligations, etc.) depend, how are losses on those derivatives — such as AIG $62 billion… Continue reading