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Report: 150,000 Americans to die as a result of climate change

Death from above: US police drone may fire tasers, rubber bullets

Canadian man pays off student loan in $114,000 cash

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AIG News

Op-Ed: Subcommittee hearing on Goldman Sachs

Washington - The investigation by the Permanent Subcommittee on Investigations into Goldman Sachs' practices leading into the recession are just another politcal ploy by politicians to gain momentum during an election year.

In the Media by Jerell Cuevas - 2 comments

Report: Taxpayers Foot Bill For Wall Street's Offshore Deals

Goldman Sachs invested in risky offshore deals in the Cayman Islands backed by sub-prime mortgages done in secret, at taxpayers' expense.

In the Media by Lauren Todd

Op-Ed: Wangling AIG To Precipice Proved Profitable for Goldman Sachs

An NYT investigative report offers more insight into the predatory practices of Goldman Sachs, their role in pushing AIG to brink of bankruptcy, and more evidence suggesting the financial bailout was fraudulent and illegal

In the Media by Bill Lindner

AIG Debt with Federal Reserve Bank of New York Cut by $25 Billion

The amount of money owed by American International Group (AIG) to the Federal Reserve Bank of New York has been reduced by $25 billion after a deal which involves the bank receiving shares in two of AIG's subsidiaries.

In the Media by Chris Dade

AIG support staff got 'retention bonuses,' $7k to kitchen worker

A report to be released today indicates that a kitchen worker and file administrator received 'retention bonuses' awarded by AIG. This undercuts AIG's claims that bail out money was needed to keep "key" employees able to "unwind the derivatives trades."

In the Media by Kay Mathews

Former A.I.G Chief Pays $15 Million to Settle with S.E.C

Following a 4-year investigation by the the U.S. Securities and Exchange Commission (S.E.C), the man who ran American International Group (A.I.G) for almost 4 decades has agreed to pay $15 million to settle a suit relating to financial irregularities.

In the Media by Chris Dade

General Motors Going Overseas and Taking Heat

GM has received billions from the federal government in the form of bailout money. Now the giant corporation is taking heat over a new plan that proposes more manufacturing overseas.

In the Media by Del Patterson - 2 comments

Op-Ed: Diversions and Disillusions reign as AIG saga unfolds

While the entire county focuses on the AIG bonus controversy and Congress wastes time pointing partisan fingers, the real issues surrounding the economic meltdown are being ignored.

In the Media by Sitafa Harden - 1 comment

Anger At AIG Transfers Over Towards Homes of The Executives

The controversy of AIG executives and their hefty nine-figure bonuses continue. This time, protesters are demonstrating in front of the homes of the AIG executives.

In the Media by Can Tran - 1 comment

Op-Ed: Time For Real Remedies to Control Corporate Excess

Over the past week public anger over the bonuses received by executives at American International Group has resembled the villagers storming Frankenstein’s castle with torches ablaze. If there is a poster child for corporate excess, A.I.G. is it.

In the Media by Sadiq Green - 5 comments

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AIG sells shares in HK-based AIA

Bailed out US insurance giant AIG is selling shares worth $6bn (£3.8bn) in Hong-Kong based AIA, to help repay the US government.

U.S. Will Unload More AIG Shares

The US government today said that it will sell $5 billion in AIG shares, one of a series of offerings since the insurance giant received the biggest bailout in history. The Government Accounting Office said as of March 22, the government still had a $46.3...

U.S. Gov't Sells $6B in AIG Shares

The U.S. government will further cut its stake in American International Group Inc. after its bailout more than three years ago, getting back a slice of the $182 billion in taxpayer money injected into what was once the world’s largest insurer. The Treasury Department launched...