Word: relief
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...balance sheet of debacles caused by this economic crisis - the $700 billion Troubled Asset Relief Program (TARP), the stock-market swoon, the credit crunch and the ongoing global recession - $165 million is small change. But the revelations of the AIG bonuses, like nothing else, seemed to finally tip the mounting public furor over corporate malpractice into a full-scale rebellion. Yet Geithner, embarrassed for discovering the bonuses so late, plans to dock AIG that much out of the next $30 billion in bailout funding when it is delivered - which amounts to a mere 0.1% of the total AIG has received...
...elected to raise taxes [but] to reconcile France with the workplace and factory." But with polls indicating that 78% of French voters support Thursday's strike movement - three points higher than in January - union leaders and political opponents warn that Sarkozy will ignore the popular call for relief at his own peril. (See pictures of Sarkozy...
...loudly demanded). He reiterated his own outrage when he confronted Liddy about the bonuses and declared that the government would force AIG to repay the Treasury from the operations of the company, in addition to deducting the $165 million in bonuses from the $30 billion in Troubled Asset Relief Program assistance that AIG was receiving...
...Earlier this month, Luis Moreno-Ocampo, prosecutor of the International Criminal Court, issued an arrest warrant for Sudanese president Omar al-Bashir, citing crimes against humanity and war crimes. As pundits and scholars alike have warned, al-Bashir’s retaliation was brutal. He immediately shut down 13 relief agencies, giving no explanation other than allegations that the ICC and these NGOs were conspiring against...
...These firms, which insured their purchases of mortgage-backed and other securities with AIG, include investment giant Goldman Sachs ($12.9 billion), Merrill Lynch ($6.8 billion), Bank of America ($5.2 billion) and Citigroup ($2.3 billion). The same firms, directly or indirectly, also received earlier bailout cash under the Troubled Asset Relief Program (TARP). The group includes some of the most sophisticated investors in the world, prompting critics to question why the companies should not take responsibility for their own financial decisions, rather than accept a U.S. taxpayer handout...