AIG outrage shows bailouts poor choice

Freedom New Mexico Will future historians mark last week as the week in which the Obama administration unraveled prematurely? It’s too early to tell. It was, however, a week in which top officials in financial corporations and government alike came off looking especially clueless or opportunistic. One can understand outrage over American International Group (AIG), […]

Rep. Luj

Washington, DC – Today, Rep. Ben Ray Luj

Rep. Luj

Washington, DC – Rep. Ben Ray Luj

Udall to AIG: “Give the bonuses back, or we’ll find a way to take them back”

U.S. Senator Tom Udall, D.N.M., today joined a group of his Senate colleagues to send a message to A.I.G. executives who took $165 million in taxpayer bailouts as bonuses:

Luj

Today, Representatives Ben Ray Luj

Editorial: Letting AIG flounder may be only choice

Moral hazard is the term economists use to describe a policy or action that either rewards irresponsible behavior or prevents the irresponsible party from being punished in the ordinary course of things. It is especially relevant when considering AIG (American International Group), the insurance behemoth that is reportedly getting access to another $30 billion of […]