House Passes Bill to Punish A.I.G. Bonus Recipients

Spurred on by a tidal wave of public anger over bonuses paid to executives of the foundering American International Group, the House voted 328 to 93 on Thursday to get back most of the money by levying a 90 percent tax on it.

The measure easily surpassed a procedural hurdle requiring a two-thirds majority vote, thanks to considerable Republican support. The Senate will consider a roughly similar measure, perhaps next week. If something is approved ... Full Story »

Posted by Fabrice Florin
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Posted by: Posted by Fabrice Florin - Mar 19, 2009 - 12:59 PM PDT
Content Type: Article
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Edited by: Fabrice Florin - Mar 19, 2009 - 12:59 PM PDT
Fabrice Florin
3.5
by Fabrice Florin - Mar. 20, 2009

Informative report on a hotly debated measure, which fairly presents the perspectives of Democrats and Republicans in Congress. Conspicuously absent, though, are the views of A.I.G and the bonus-recipients who are being taxed by this bill. Otherwise, the article is factual, reasonably well sourced and provides useful context.

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Jim Lang
3.7
by Jim Lang - Mar. 19, 2009

A reasonably well written and sourced story on the Congressional rush to demonstrate outrage and action concerning retention bonuses paid at AIG -- responding to constituent outrage. Heavy coverage of the political sniping.

My concern is that we not lose sight of the objective of reviving the economy. The bonus snafu is annoying but is a nit in the big picture -- yet it is already soaking up administration and congressional time that would be better spent on constructive legislation. Mistakes and missteps have been and will continue to be made in the justifiable rush to stop the economic slide but it is most important to maintain the trajectory and learn as we go and not let greedy fools or political ... More »

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Peter L. Combs
3.9
by Peter L. Combs - Mar. 19, 2009

A well written a researched end of the day story on the AIG Congressional Bailout Tax and the mood among law makers who voted on the controversial measure. Loads of posturing by participants including Mr. Dodd, AIG's largest campaign contribution recipient. Good read.

The AIG Tax vote is interesting gesture, the likelihood of it being implemented is I suspect nil. This was all an absurd grandstanding maneuver by many politicians who had a hand in the mess as much as AIG. Calls for Geithner's removal is likely in the wind as well....

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Kenneth Sibbett
4.0
by Kenneth Sibbett - Mar. 20, 2009

An Indept story of how greed took over not just Wall St., but the World.While this is great .PR. for the Presendant and Congress, Something just doesn't smell right.

If I was an honest person who worked 18 hr. days trying to fix my particular section, and was lumped in with a bunch of crooks, I would be yelling from the rooftops.

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