by Alan Jenkins | Mar 24, 2009 | Blog
Earlier this year, I visited my father, who lives in the Bay Area. As we drove from the Oakland airport, the conversation quickly turned to the Obama presidency. Born in 1923, my dad survived the Great Depression, fought in World War II, endured vicious Jim Crow...
by Leo Gerard | Mar 20, 2009 | Blog
AIG Chairman Edward M. Liddy gets the Creep of the Week award for his stunning, overwhelming, dumbfounding display of cluelessness. Liddy not only awarded $165 million in bonuses to the very AIG employees whose risky speculation in credit default swaps bankrupted the...
by Isaiah J. Poole | Mar 20, 2009 | Blog
(Updated 3 p.m. with Congressional Budget office figures and House Republican leadership response.) This weekend's news will be dominated by a Congressional Budget Office report that the federal deficit—already projected to exceed $1 trillion just a few months ago—is...
by Sam Pizzigati | Mar 20, 2009 | Blog
How much has the uproar over the bonuses at AIG impacted America’s political discourse? This much: We now have elected leaders on Capitol Hill, for the first time since World War II, openly talking about slapping a 100 percent top tax rate on the income...
by Terrance Heath | Mar 20, 2009 | Blog
I've seen more than one op-ed or blog post about why the idea of taxing bonuses handed out by banks that accept bailout funds — as the House just voted to do — is a bad idea.What I haven't heard is a better one. Plans to tax bonuses at financial institutions that have...
by Terrance Heath | Mar 19, 2009 | Blog
This is one of those times when I really hate to say, "Told ya so." But... Well, I did. It was bloggers, by the way, who broke the news that the CEO salary restrictions in the TARP bill were toothless. It was bloggers who infiltrated today's equivalent of a smokey...
