Tag Archives: American International Group

Goldman Sachs Got Billions From AIG For Its Own Account, Crisis Panel Finds

Shahien Nasiripour   Goldman Sachs collected $2.9 billion from the American International Group as payout on a speculative trade it placed for the benefit of its own account, receiving the bulk of those funds after AIG received an enormous taxpayer rescue, according to the final report of an investigative panel appointed by Congress. The fact […]

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Financial Socialism by and for Wall Street Elites?

Les Leopold Author, “The Looting of America” More than 70 percent of Americans say big bonuses should be banned this year at Wall Street firms that took taxpayer bailouts, a Bloomberg National Poll shows. An additional one in six favors slapping a 50 percent tax on bonuses exceeding $400,000. Just 7 percent of U.S. adults […]

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5 Outright Illegal Scams That Should Put Wall St. Bankers Behind Bars

From laundering drug money to gouging you on overdrafts, here are five scams where Wall Street ran afoul of the law. September 21, 2010 | Unchecked greed and financial insanity on Wall Street crashed our economy. Much of that insanity was legal — bankers lobbied hard for weak regulations, and got what they paid for. […]

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