AIG and Ethics: The Corporatization of Public Higher Education
"The notorious insurance monolith AIG gave two-thirds of the Ethics Center’s $16,000 first year budget. What might AIG’s intentions have been for funding the Center? AIG has not been known for its ethics. In fact, the insurer’s risky bets on derivatives were central to the 2008 economic crash. They received a $182 billion bailout. Yes, billion."
Showing posts with label AIG. Show all posts
Showing posts with label AIG. Show all posts
Monday, January 28, 2013
Wednesday, January 9, 2013
AIG Investors Break the World Record for Arrogance | Common Dreams
AIG Investors Break the World Record for Arrogance | Common Dreams
"The shareholders of AIG, the giant insurance company the Federal Reserve bailed out with $180 billion, have now topped that impudence. Believe it or not, these investors are suing the federal government for rescuing their company from collapse. This sets a world record for breath-taking arrogance."
"The shareholders of AIG, the giant insurance company the Federal Reserve bailed out with $180 billion, have now topped that impudence. Believe it or not, these investors are suing the federal government for rescuing their company from collapse. This sets a world record for breath-taking arrogance."
AIG Says Thanks America By Suing Them, and Warren Rips Them A New One | Common Dreams
AIG Says Thanks America By Suing Them, and Warren Rips Them A New One | Common Dreams
"Even though the federal government generously - and, many say, irresponsibly - gave AIG (American International Group, or Arrogance, Ignorance and Greed) $182 billion in bailouts to save their ass from massive dubious investments that almost crashed the economy, the famously inept insurance giant is now considering joining a lawsuit against the feds because they weren't generous enough, "trampled on shareholder rights," and deprived them of even more tens of billions of dollars that they really, really would have liked to get, thanks - a move that even the New York Times politely notes “would almost certainly be widely seen as an audacious display of ingratitude"."
"Even though the federal government generously - and, many say, irresponsibly - gave AIG (American International Group, or Arrogance, Ignorance and Greed) $182 billion in bailouts to save their ass from massive dubious investments that almost crashed the economy, the famously inept insurance giant is now considering joining a lawsuit against the feds because they weren't generous enough, "trampled on shareholder rights," and deprived them of even more tens of billions of dollars that they really, really would have liked to get, thanks - a move that even the New York Times politely notes “would almost certainly be widely seen as an audacious display of ingratitude"."
Thursday, August 23, 2012
Federal Reserve Sells Last Of Its Stake In AIG, Turns $18 Billion Profit
Federal Reserve Sells Last Of Its Stake In AIG, Turns $18 Billion Profit: The Federal Reserve of New York sold the last of its stake in American International Group (AIG), the insurance giant bailed out by the federal government in 2008. In selling the last of its assets related to the AIG bailout, the Fed earned an $6.6 billion profit for taxpayers, bringing its total profits from the [...]/p
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