Life in ObamaNation

March 20, 2009

Tomato Toss

Filed under: Bail-Outs — Barbara Mathieson @ 5:57 pm
Tags: , ,

Those funny folks at MoveOn.org have come up with a no lose virtual tomato toss game at http://moveon.org/tomato/?id=15777-7632128-81jum8x&t=4. Toss those ‘maters at AIG.

March 19, 2009

Now Find A Way to Dodge This Tax

Filed under: Bail-Outs — Barbara Mathieson @ 3:45 pm
Tags: ,

Breaking News Alert
The New York Times
Thursday, March 19, 2009 — 3:07 PM ET
—–

House Passes Heavy Tax on Bonuses for Rescued Firms

Spurred by anger over A.I.G. bonuses, the House voted 328 to
93 to levy a 90 percent tax on any company accepting more
than $5 billion in bailout money.

Read More:
http://www.nytimes.com/?emc=na

March 15, 2009

This Is Horrible

Filed under: Bail-Outs — Barbara Mathieson @ 7:18 am
Tags: , , ,

From yesterday’s New York Times:

Breaking News Alert
The New York Times
Saturday, March 14, 2009 — 8:23 PM ET
—–

A.I.G. to Pay $100 Million in Bonuses After Huge Bailout

Despite being bailed out with more than $170 billion from the
Treasury and Federal Reserve, the American International
Group is preparing to pay about $100 million in bonuses to
executives in the same business unit that brought the company
to the brink of collapse last year.

I guess after the bail-out the company showed a modest profit.

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