Posted on 29 November 2008. Tags: AIG, Bloomberg News, CEO Greed, Corporate Greed, Financial Times
When you are a pro at a scam–the definition of "scam" also can be found under the term "insurance industry"–you know how to try to pull a fast one. And AIG is trying to pull one–under covers of the holidays. Check this out. You may remember that AIG–which is afloat only thanks to […]
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Posted in General Interest
Posted on 26 November 2008. Tags: AIG, Corporate Greed, Financial Crisis, UBS
Having crashed the financial system around the globe and consigned millions of people to severe hardship over the next several years, a few bankers are trying to save some face: they are giving back millions of dollars in pay. I would note first that, personally, I think the whole coterie of Rubinites (those […]
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Posted in General Interest