In the New York Times today, Andrew Ross Sorkin describes the AIG employees expecting fat bonuses as “brainiacs” in justifying the need to retain their services for the ailing company. But the way he lays out the case makes them sound more like criminal masterminds than masters of finance.
A.I.G. employees concocted complex derivatives that then [...]
Tag Archives: mortgage
AIG: The Great American Con
Posted in J'accuse, Politics Also tagged AIG, bailout, bonuses, derivatives, economy, Ed Liddy, finance, greed, mortgage industry, rich bastards Comments closed
The New F*cking Nationalized Citibank
Posted in Politics, Whine & Cheese Also tagged bank bailout, banking, banks, Citibank, economic crisis, finance, lending, loans, nationalization, TARP Comments closed
Just Another Beggar From Wall Street
Posted in Whine & Cheese Also tagged bailout, economic crisis, economy, finance, Financial crisis, funnyordie, mortgage broker, recession, video, wall street Comments closed