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TUESDAY, FEBRUARY 9, 2010
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AIG Slashes Bonuses, Will Still Pay Out $100M Tomorrow

News not sitting well with lawmakers

 House Grills Geithner on AIG 

Treasury Secretary defends big bailout as necessary

Fed Duo Sounded Alarm Over AIG 'Gifts' to Banks

Geithner, Paulson face grilling over 'backdoor bailouts' for AIG clients

MARKETS

 Dow Up 24; 
 Traders Stay Cautious 

Markets recover after last week's bloodbath

 Fed Demanded 
 Security Laws 
 Shield AIG 

Giving Money Away to Wall Street Almost Became Top Secret

Geithner Will Testify on Secretive Bailout Deals

House committee wants answers on his role on AIG contracts

Big Banks on Obama's TARP Fee: Nuh-Uh

Industry 'burden' will decrease lending ability, they threaten

 Wall Street Bonuses 
 Ripe for Tea Party Rage 

Big finance could face populist pitchforks

 NY Fed Told AIG 
 to Hide Payouts 

Details of 'backdoor bailout' hushed up

AIG Attorney Makes Millions by Quitting Over Pay

Company to award Kelly mammoth severance package

AIG Execs Ignore Vow 
to Return Bonuses

Only $19M of promised $45M has been repaid

 Spitzer 
 to AIG: 
 Show Us 
 the Email 

Ex-gov wants answers before feds ditch their stake

 Crooked Giants 
 Dodge SEC Penalties 

Agency routinely grants waivers for harshest punishments

US Will Let AIG
Execs Skirt Pay Cap

Pay czar Feinberg will make exceptions after 5 threaten to quit

AIG Settles With Ex-CEO:
Will Pay Fees, Return Rug

Company agrees to shell out up to $150 million

Paul Krugman

 AIG Bailout Squandered Our Money, Trust

Geithner & Co. were afraid to ask Wall Street for concessions

 Fed Report 
 Rakes Geithner 
 Over AIG Bailout 

He's accused of handing AIG creditors 'backdoor bailout'

 AIG's Benmosche: 
 I'm Not Quitting 

CEO is 'committed' to firm's employees

Annoyed by Feds, AIG CEO Threatens to Quit

Benmosche, just 3 months in, is 4th CEO in 18 months

 Pay Czar Cuts 
 Bonuses, But 
 Boosts Salaries 

Feinberg beefs up base base to help firms retain talent

 Ousted AIG CEO 
 Builds AIG 2— 
 With AIG Talent 

Greenberg's new insurer poaches AIG employees at taxpayers' expense

AIG Chief: Pay Czar's Authority 'Limited'

He tells employees they won't lose
salaries retroactively

 50% Pay Cuts 
 for Bailout Execs 
 Due Today 

Warren confirms cuts to 25 top earners at 7 companies

Pay Czar Slashes Top Salaries at 7 Bailed-Out Firms

175 top earners will see pay cuts averaging 50%



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Off the Grid a Michael Wolff Newser Column

It’s the Sex, Stupid   

8
Feb 9, 10 | 7:46 AM BY Michael Wolff

Stories about the sex lives of politicians are just about the hottest copy in the business. So hot, that the hottest story at the New York Times is the rumor of a story about the sex life of David Paterson, New York’s governor. We are all waiting for the great bombshell. Although it may be that we don’t even need an actual story, that having had so many stories about politicians' sex lives, we can all fill in the blanks. There are already reports... More »

For Me, Palin Scores

65
Feb 8, 10 | 7:10 AM BY Michael Wolff

Andrew Sullivan , the journalist and blogger, who flirted for many years with conservatism and the Republican party, has become the... More »

Politics Has Lost Its Power. That’s Why There’s Gridlock

28
Feb 5, 10 | 8:39 AM BY Michael Wolff

Everybody’s beating their breasts about Washington gridlock. Let’s defend gridlock for a moment. The opposite of gridlock... More »

Rupert Murdoch Is Mad as Hell

8
Feb 4, 10 | 8:07 AM BY Michael Wolff

Rupert is off the reservation again. This is always a possibility when News Corp.’s quarterly earnings reports are issued and... More »

Sarah Palin, Inc. Has a Problem

16
Feb 3, 10 | 8:00 AM BY Michael Wolff

Before this gets out of hand, I want to try to save the word “retarded,” which seems robust and meaningful and evocative... More »

Obama’s Deficit Faux-Hawk

12
Feb 2, 10 | 12:14 PM BY Kevin Spak

During his State of the Union address, Barack Obama promised to freeze government spending , not this year, but soon, and not on defense,... More »

Jenny Sanford, Andrew Young, Gayle Haggard Tell Everything You Always Want to Know About Sex—Other People's

9
Feb 2, 10 | 8:32 AM BY Michael Wolff

Maybe the problem is not so much with sex but with books. The great thing (I mean the really great thing) about books (good books... More »

James O’Keefe: What Did Glenn Beck Know, and When Did He Know It?

18
Feb 1, 10 | 8:12 AM BY Michael Wolff

I can offer some reasonable speculation about where this O’Keefe business is going. There are the perpetrators, the four... More »

JD Salinger, and His Way, Are Dead

38
Jan 29, 10 | 7:02 AM BY Michael Wolff

A number of months ago, when he roused himself to file yet another law suit against another writer who came too close to him, I wrote... More »

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