You are in the store, all excited thinking that you will see the hockey gold medal final on your brand new (not yet purchased) 58” plasma TV (since 42” is too small these days ). As you are about to tell the salesman that you will take it, he looks at you and [...] Related posts: Why Canada Is The Best...
Posted to
Finance
on 03-03-2010
Filed under: Insurance
Picture this: a nice evening with friends, they take 2 cars to go somewhere after a nice dinner, the road is a bit slippery (it’s a real winter in Montreal after all ), the first car does a U turn since he just missed his turn, the other car follows… BANG! We have [...] Related posts: A Cool (but Definitely...
Posted to
Finance
on 02-08-2010
Filed under: Insurance
Speaking about moves that defy “all logic, morality, and sensitivity,” it was a big day for bonus announcements in the financial sector.
First up, everyone’s favorite insurance company that Washington forced them to own—American International Group (AIG). From the Associated Press this morning...
Posted to
Economics
on 02-03-2010
Filed under: Obama Administration, U.S. Government, Bailout, Financial Sector, banking industry, Financial Services, Investment Banks, Wall Street, Barack Obama, Bank of America, american international group, AIG, Wages, Goldman Sachs, retention bonuses, President Obama, banking sector, Wall Street bonuses, Insurance, insurance company, executive compensation, bankers, B of A, retention pay, Lloyd Blankfein, banker bonuses
This is how conspiracies are born. From Reuters’ Matthew Goldstein:
It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group because of an action taken last year by the Securities and Exchange Commission.
In May, the SEC approved...
Posted to
Economics
on 01-12-2010
Filed under: Federal Reserve, U.S. Government, Central Banks, Bailout, Financial Sector, Financial Services, Wall Street, american international group, AIG, Timothy Geithner, New York Fed, banking sector, Insurance, CDO, AIG bailout, collateralized debt obligation, Securities and Exchange Commission, SEC, Maiden Lane III