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Cuomo Expands AIG Bonus Probe With Subpoena of Data on Swaps
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Karen Freifeld
Bloomberg
March 27, 2009
Bloomberg
March 27, 2009
New York Attorney General Andrew Cuomo, building on his investigation of American International Group Inc.’s bonuses, subpoenaed data on credit derivatives to determine whether Goldman Sachs Group Inc., Deutsche Bank AG and other banks improperly received taxpayer funds.
- A d v e r t i s e m e n t
AIG’s Financial Products, the unit that sold credit-default swaps blamed for crippling the company, has been under fire after paying out $165 million in retention bonuses this month while its parent company was taking taxpayer bailouts valued at $182.5 billion.
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March 27th, 2009 at 10:33 am
Cuomo is going to learn what happens when you try to do something right when you have skeletons in your own closet. They will burn him at the stake.
March 27th, 2009 at 10:48 am
Nice try Cuomo.
I hope he finds something too. But to be honest, the people just don’t care about being ripped off.
Unless the government said pay for all these taxes NOW!!!
The people are just going to play along because the buck was passed to their children and not them.
Just like refinancing your mortgage..seems great at first.
I agree that AIG is a sideshow to the real problem. The real problem is the Banks and our politicians.
They all need to be shut down and replaced.
But NOT by Obama and his croonies. Otherwise everyone will be from Goldman Sachs.
If ever you thought you could change the world by voting for a president.
This past election should have pie in your face.
We cannot vote for anyone from the 2 parties that have proven to be the same agenda.
We must Vote for a 3rd party and keep trying until we are successful.
Does anyone think the policies happening right now would not be happening if McCain had been elected??
If McCain and Bush were 99% on the same page..and then you have someone who lied to us and now is on their page. What you have is evidence to NEVER VOTE FOR THE 2 PARTIES AGAIN!!!
March 27th, 2009 at 11:02 am
Neocon Narc:
Good post, with very important points. No matter whether we vote left or right, as long as we are voting for any one from one of the two mainstream parties, they all have the same agenda, that is being propagated by the rich elite.
March 27th, 2009 at 12:10 pm
http://www.fromthewilderness.c.....uomo.shtml
Cuomo looks to be playing for the wrong team, and played a key role as HUD secretary in the loosening of credit and regulations by AIG (along with some other mysterious dealings). Maybe they should just appoint Larry Silverstein to investigate this whole mess…
March 27th, 2009 at 12:30 pm
This garbage about executive bonuses is a joke.
It seems to me to be nothing more than a way to get people all worked up about these companies so that the federal government can impose control over private sector corporations.
The government will busily give money (that your children and grandchildren will have to pay off) to every corporation that will take it, then use that as an excuse to set company policy.
Can anybody say fascism?
These mental midgets in the media are outraged about the bonuses but not the bailouts themselves nor destruction of the dollar?
It’s time this banker-owned political system was dissolved. Completely.
It’s time to start from scratch.
Don’t fight the system:
Replace it
http://socialviability.com/
March 27th, 2009 at 3:23 pm
AIG is chock full of dangerous political secrets,
hidden from the lowly common folk.
March 27th, 2009 at 3:32 pm
HAHAHAHAHAHAH!ce
April 9th, 2009 at 8:37 am
I can tell that this is not the first time you mention the topic. Why have you decided to write about it again?