Category Archives: AIG Bailout

On Being Told Things Are Worse Than You Ever Imagined

It was the usual Saturday morning call from the friend who used to work on Wall Street and doesn’t anymore – that’s happened to a lot of people – and, after chat about friends and family and music and photography, … Continue reading

Posted in AIG Bailout, AIG Bonus Scandal, Credit Default Swaps, Economic Confidence, Economic Fear and Panic, Financial Meltdown, Geithner's Toxic-Asset Action Plan, Saving the Banks, Toxic-Assets, Worse than the Great Depression | Leave a comment

Compensation 101

Maybe one’s background determines how one feels about those AIG bonuses. Passing a special tax to make those executives and derivative traders pay back the total of what they were awarded, with a special income tax just for them, seems … Continue reading

Posted in AIG Bailout, AIG Bonus Scandal, Compensation Theory and Practice, Rewarding Dangerous Risk-Taking, Rewarding Incompetence, Rewarding Prudence | Leave a comment