Word: rescuees
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Bailing Out the Bailed Out Keeping the financial system fluid might explain why so many banks got paid in full, which strikes some as a scandal way bigger than the bonus payouts. Many experts wondered why AIG paid 100 cents on the dollar. Among the biggest beneficiaries of the AIG...
But Geithner, who was overseeing the AIG rescue effort with the Federal Reserve, says he had no idea until March 10 that more bonuses were in the pipeline for AIG FP. The President found out two days later, igniting an internal firestorm of White House indignation as officials scrambled to...
One got the sense that President Obama was trying to redeem the power of redemption with his naked admission that "I screwed up" after Tom Daschle had to stand down. With the help of a 70% approval rating, Obama even turned a profit on the transaction: See, he's big...
Before Obama spoke, House Speaker Nancy Pelosi joined a bipartisan gaggle of congressional leaders to denounce the bonuses, which she called "outrageous." Pelosi demanded that "executives at AIG right the wrong they have done to American taxpayers, who are footing the bill for the most expensive government rescue in history...
Seaside Stimulus Plan. Florida's Marco Island Marriott Beach Resort has a $1 million rescue plan for its guests. For each night that you stay at the resort, you get a $200 credit for use in the dining room, at the spa or on the golf course. Credits will be...