As if you hadn’t had enough. I have located the text of the ‘Retention Plan’ that AIG is using to defend its payment of the bonuses, it says it is obligated to pay. Here it is in all its glory: AIGFP Employee Retention Plan This is an extraordinary document. It lays out in detail exactly […]

Right on cue the administration seems to be launching a counter offensive against AIG to prevent the payment of those bonuses. As I mentioned this morning the public outcry against AIG was creating a potential political nightmare for Obama. Populist rage against massive payouts to failed companies is already bad enough, but for large amounts […]

If you have ben following the AIG scandal closely you will have noticed that we are now at a crucial moment. One that could cause severe political damage to the White House. For starters here’s the news today from the New York Times: A.I.G. Lists Firms It Paid With Taxpayer Money Let me lay out […]