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Administration Unveils Financial System Overhaul
The Obama administration on Thursday unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds. ...more
March 26, 2009
Geithner Seeks New Powers Over Financial Companies
Treasury Secretary Timothy Geithner called on Congress Tuesday to grant him new powers to regulate huge financial companies like insurance giant AIG, whose failure would pose a grave danger to the U.S. financial system and the broader economy. ...more
March 24, 2009
$50 Million in AIG Bonuses Being Returned
AIG employees have agreed to return about $50 million of the $165 million in bonuses. ...more
March 23, 2009
Obama Implies Rejection Of House Bonus Tax Plan
President Barack Obama wagered significant political capital Sunday as he bucked a highly popular House measure to slap a punitive 90 percent tax on bonuses to big earners at financial institutions already deeply in hock to taxpayers. ...more
March 23, 2009
Administration Seeks To Relieve Banks Of Billions In Soured Assets
Struggling to contain the worst financial crisis in seven decades, the Obama administration wants to buy billions of dollars of toxic assets from banks to ease borrowing for consumers and businesses. ...more
March 22, 2009
Obama Says He'd Refuse Geithner Resignation
President Barack Obama says treasury secretary is one job that's not up for grabs. ...more
March 21, 2009
Protesters Demonstrate Outside AIG Execs' Homes
A busload of activists representing working- and middle-class families paid visits Saturday to the lavish homes of American International Group executives to protest the tens of millions of dollars in bonuses awarded by the struggling insurance company after it received a massive federal bailout. ...more
March 21, 2009
Documents Reportedly Show Additional AIG Bonuses
The attorney general of Connecticut said Saturday that he is asking American International Group Inc. why documents appear to show the company paid $53 million more in bonuses to its financial products division than previously reported. ...more
March 21, 2009
House Debates Bill Taxing AIG And Other Bonuses
WASHINGTON - Angry lawmakers prepared to levy heavy taxes on employee bonuses at insurance giant American International Group Inc. and at other companies that received big U.S. government bailouts. ...more
March 19, 2009
Local Residents Say AIG Bonuses Are Wrong
Edward Libby, Chief Executive Officer of insurance giant AIG, acknowledged to Congress Wednesday that many Americans were angry about the company's recent multibillion bonuses to employees. ...more
March 19, 2009
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