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Dates: during 2000-2009
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...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. Assorted Senators, from New York Democrat Chuck Schumer to Montana Democrat Max Baucus and Iowa Republican Chuck Grassley, have proposed a number of tax and legal schemes to snatch back the bonus bucks from AIG FP executives - 73 of whom got payouts of $1 million or more, according...

Author: /time Magazine | Title: How AIG Became Too Big to Fail | 3/19/2009 | See Source »

...that program also had trouble getting off the ground. The Term Asset-Backed Securities Lending Facility, which is designed to spur trading in securitized consumer loans, has gotten off to a slow start, attracting only a handful of applications during the two-day window for participation this week. The total size of the deals fell well-short of the $200 billion the Federal Reserve initially made available for the program, let alone the $1 trillion to which the Fed eventually raised the ceiling...

Author: /time Magazine | Title: Plan to Buy Toxic Bank Assets Delayed Again | 3/19/2009 | See Source »

...Crimson started off the match on fire, jumping to a 12-7 lead off of a block by junior Soren Rosier. While Rosier and junior co-captain Gil Weintraub were stalwarts on the defensive front, contributing three of the six total blocks earned by Harvard in the first set, Weissbourd and junior Erik Kuld took care of the offense by notching six and four kills, respectively. Six of the seven players who played in the game registered a kill for the Crimson, providing balance across the board...

Author: By Kevin T. Chen, CRIMSON STAFF WRITER | Title: Crimson Claims Three from MIT | 3/18/2009 | See Source »

...ball does find its way out of the infield, the team has total faith in its next line of defense. O’Neill—known for his speed—covers a ton of ground in the outfield...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: Sophomores Bring Speed, Defense and Power to Harvard Lineup | 3/18/2009 | See Source »

...those payouts. He said the agreements were made in March 2008 to duplicate employees' 2007 bonuses "despite obvious signs that 2008 performance would be disastrous." (To further fuel the outrage, Cuomo added that the top individual AIG bonus was more than $6.4 million, while the top 10 collected a total of $42 million...

Author: /time Magazine | Title: The AIG Bonuses: Getting Mad and Getting Even | 3/18/2009 | See Source »

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