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The Outrage Over AIG Continues

The Outrage Over AIG Continues Related Blogs Antiviral Art The Best Restaurant in New York Blackbag Defamer Disputations Documents Dodgeandburn Dog Domesticity Drugs Fine Vining Fortress America FrenchGawker Weird Internet Interviews Justice Morning After PhaseZero Politburo Rankings Gawker Review of Books Sausage Slowgawker Sony Hack One Man's Take The Cuck Themachines The Vane The West tktk True Stories Valleywag The Outrage Over AIG Continues 22 cityfile 03/17/09 05:33AM Filed to: Aig Aig Andrew Cuomo bailout Barack Obama Chuck Grassley Finance Goldman Sachs Wall Street Cityfile • The epic fallout from AIG's decision to pay out bonuses enters a second day: Andrew Cuomo says he plans to subpoena company execs, the Obama administration is scrambling to cool emotions, but clearly his influence is limited. Sen. Chuck Grassley of Iowa has suggested that AIG execs follow a "Japanese model" and choose between "apology or suicide." [ NYT, ABC, WSJ] • Given the new restrictions on Wall Street bonuses, banks are now looking for loopholes and planning to boost base salaries to offset lower bonuses. [ WSJ] • Goldman Sachs is bailing out its own employees: It's offering to lend money to more than 1,000 employees who've been squeezed by the crisis. [ NYT] • Mortgage fraud is at an all-time high, but you probably figured that. [ CNN] • Unsurprisingly, banks are raising interest rates and cutting credit lines. [ BN] • Housing starts surged in February from a record low the month before. [ BN] Terms of Service Privacy Policy