With the passing of Sen. Ted Kennedy, the gavel he wielded as chair of the Senate Health, Labor, Education & ...
Continue readingAIG bundled for Dodd
Jennifer Haberkorn reports in the Washington Times:
The message in the Nov. 17, 2006, e-mail from Joseph Cassano, AIG Financial Products chief executive, was unmistakable: Mr. Dodd was "next in line" to be chairman of the Senate Banking, Housing and ...Continue reading
AIG subsidiary sues Countrywide Financial
How did I miss this? Discovery should be pretty interesting. I don't seem to be able to post the document, but this quote is interesting:
Since the 1980s, United Guaranty has used a delegated model for underwriting. Underwriting is ...Continue reading
Give a dollar to a pol, get $18,195 back
Glenn Reynolds asks whether employees in the financial industry, always a big donor to political campaigns, will contribute to other candidates or curtail their giving. He cites the AIG bonus flap, and Congress' reaction to it (including the outrage of ...
Continue readingRangel: No accusations coming from Congress
Roll Call's Lauren W. Whittington reports that Rep. Charles Rangel, D-N.Y., once again, is saying that the ethics committee has nothing on him:
Appearing on Fox News Sunday, Rangel said that the charge against him has no merit ...Continue reading
Dodd's family business?
Kevin Rennie notes another connection of Sen. Christopher Dodd to the financial industry, at one remove from AIG:
it turns out that Senator Dodd's wife has also benefited from past connections to AIG as well. From 2001-2004, Jackie Clegg ...Continue reading
Dodd controversies continue to swirl
Sen. Christopher Dodd is getting criticism from out-of-state ">papers (but note the all the Connecticut residents quoted) over the AIG bonus bungle, but the Hartford Courant ran what might be the most significant story (hat tip: Instapundit, who has a ...
Continue readingDodd did it update
Apparently, Geithner did it too. (Previous Dodd did it post here.) As this episode illustrates, there ought to be a better way of tracking whose fingerprints--those of members of Congress, administration officials, lobbyists--are on which parts of what bills.
Continue readingFinancial crisis doesn't disrupt financial fundraisers
"As the public boils with anger over millions of dollars in retention bonuses for American Insurance Group employees, financial interests quietly continue to woo lawmakers with fundraising parties this month. Actually, I think that members are still wooing the financial ...
Continue readingThe Revolving Door Spins in CEO Pay Protector
In the back-and-forth regarding who inserted the retroactive bonus immunity provision into the stimulus bill, we were repeatedly treated to ...
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