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Anger Over Firm Depletes Obama's Political Capital — President Obama's apparent inability to block executive bonuses at insurance giant AIG has dealt a sharp blow to his young administration and is threatening to derail both public and congressional support for his ambitious political agenda.
Discussion:
The Atlantic Politics Channel, MSNBC, The Note, The Fix, Boston Globe, Right Wing News, Time, TIME.com, Right Wing Nut House, The Hill's Blog Briefing Room, The Politico, Outside The Beltway, No More Mister Nice Blog, The Strata-Sphere, PostPartisan, marbury, The Remmers Report, Boing Boing, Needlenose and The Mahablog
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The Case for Paying Out Bonuses at A.I.G. — Do we really have to foot the bill for those bonuses at the American International Group? — It sure does sting. A staggering $165 million — for employees of a company that nearly took down the financial system. And heck, we, the taxpayers, own nearly 80 percent of A.I.G.
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Senator suggests AIG execs should kill themselves — IOWA CITY, Iowa (AP) - Iowa Sen. Charles Grassley suggested that AIG executives should take a Japanese approach toward accepting responsibility for the collapse of the insurance giant by resigning or killing themselves.
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Rage at AIG Swells As Bonuses Go Out — Fed Decided Payouts Couldn't Be Stopped — A tidal wave of public outrage over bonus payments swamped American International Group yesterday. Hired guards stood watch outside the suburban Connecticut offices of AIG Financial Products …
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Goldman Offers Loans to Stretched Employees — Goldman Sachs got its bailout. Now some of its bankers, those aristocrats of Wall Street, apparently need a bit of a bailout too. — Goldman, which accepted billions of taxpayer dollars last fall and, as learned Sunday …
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Grassley on AIG execs: Quit or suicide
Discussion:
Think Progress, The Raw Story, Political Machine, Townhall.com, Open Left, Althouse, Cafe Hayek, Fox News, Fausta's Blog and Blogs and Stories
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Cuomo to probe AIG bonuses for possible fraud
Discussion:
Think Progress
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JournoList: Inside the echo chamber — For the past two years, several hundred left-leaning bloggers, political reporters, magazine writers, policy wonks and academics have talked stories and compared notes in an off-the-record online meeting space called JournoList. — Proof of a vast liberal media conspiracy?
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Majority Receptive to Law Making Union Organizing Easier — But most Americans not closely following news about union bill in Congress — PRINCETON, NJ — A new Gallup Poll finds just over half of Americans, 53%, favoring a new law that would make it easier for labor unions to organize workers; 39% oppose it.
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Don't Blame Jim Cramer — What Jon Stewart needs is Jon Stewart. He could use a droll comedian to temper his ferocity and correct him when he's wrong, as he was about the financial media, particularly CNBC and its excitable analyst Jim Cramer. They didn't cover up the story of financial shenanigans.
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Richard Cohen defends financial execs & business media; blasts Stewart
Discussion:
Balloon Juice
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Moderate Is Said to Be Pick for Court — WASHINGTON — President Obama is expected to name his first candidate to an appeals court seat this week, officials said, choosing David F. Hamilton, a highly regarded federal trial court judge from Indiana, for the appeals court in Chicago.
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Why tax problems have plagued Team Obama — Treasury Secretary Timothy Geithner speaks at the Treasury Department in Washington, detailing the Obama Administrations plans for the economic recovery. It's been a recurring question about the young Obama administration: Why have so many of its nominees come down with tax problems?
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Members Looking For Relief For Madoff Fraud Victims
Discussion:
The American Scene
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EXCLUSIVE: Israel's national security aide barred from U.S. — Former Israeli spy linked to Pentagon leak — Uzi Arad, who is expected to serve as national security adviser in the next Israeli government, has been barred from entering the United States for nearly two years on the grounds that he is an intelligence risk.
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In Downturn, China Sees Path to Growth — GUANGZHOU, China — The global economic downturn, and efforts to reverse it, will probably make China an even stronger economic competitor than it was before the crisis. — China, the world's third-largest economy behind the United States and Japan …
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Aided by Financial Crisis, China Snaps Up Natural Resources Worldwide
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The Lieberman Disaster — Not this Lieberman, this Lieberman. It's not a disaster for the reasons some people think; I know Avigdor Lieberman a little bit, and he's actually a person interested in a cold compromise with the Palestinians. It's a disaster because he's made himself into a racist.
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The Commercial Republic — Over the centuries, the United States has been most conspicuous for one trait: manic energy. Americans work longer hours than any other people. We switch jobs more frequently, move more often, earn more and consume more. — This energy was first aroused by abundance …
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Ron Paul's insane cameo in the upcoming Bruno movie. — Note: This article contains spoilers about Sacha Baron Cohen's upcoming movie, Bruno. — Presidential candidates will do almost anything for publicity. But Ron Paul's appearance in Sacha Baron Cohen's upcoming Bruno movie suggests …
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Illinois's special shame continues: Governor Confuses Democracy with Socialism. Pat Quinn, our new governor - who seems to be a decent enough guy though of modest talents - on Monday seems to have confused one of Karl Marx's and Joseph Stalin's most famous slogans with a democratic principle.
Discussion:
MSNBC
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GOP says Palin will star at dinner; she says she hasn't yet agreed — OR MAYBE NOT: She didn't know about keynoting, aide says. — Gov. Sarah Palin's spokesman said Monday that congressional Republicans were mistaken in announcing the governor would headline one of the biggest Republican gatherings …
Discussion:
CBS News, Top of the Ticket, Taegan Goddard's …, The Politico, Scorecard's Blog, Conservatives4Palin.com, Salon and Associated Press