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Citigroup's clawback only applies to its top executives, or about 200 of the company's 250,000 employees. And it only requires employees to return pay in instances when they have broken either the law or firm policies. Bad trades are exempt. But unlike other firms, Citigroup's clawback covers all types of pay, including cash or vested stock...
...still questionable that the Federal Reserve saved taxpayers money by paying off Goldman and others in exchange for the bonds. The government gave AIG $29.6 billion to pay off the rest of its CDS contracts, acquiring the bonds in the process. Those bonds are now worth $23.5 billion. Either way, Uncle Sam winds...
Osama bin Laden has claimed responsibility for the failed bombing of a Northwest airliner on Christmas. That's not surprising, but what should be is that it took him nearly a month to do so. Either it took all of that time for news of the plan to reach him, or he's lying. And if he's lying, we need to consider that the man is completely irrelevant...
...transit system. But even in that instance, no one is certain that al-Qaeda was behind it. All we know is that the plot was somehow hatched in Pakistan, but the identity of the mastermind remains a matter of conjecture. Al-Qaeda certainly never provided proof that it had either foreknowledge or control of the attack...
...evidence that bin Laden's al-Qaeda had anything to do with it. And the fact that bin Laden in his statement provided no inside detail of the attack pretty much says he wasn't involved. The Northwest attempt was homegrown, the would-be suicide bomber recruited in either Nigeria or Britain, the explosive device made in Yemen. His handlers call themselves al-Qaeda in Yemen, but there's no evidence that this group takes orders from the al-Qaeda leadership in Pakistan's tribal belt. (See pictures of Osama bin Laden's family...