Jun 09, 2009 -
June 05, 2009, 4:00 a.m.
A Win for the Good Guys
And a setback for sharia-compliant finance in America.
By Frank J.
- 8 Comments
Mar 22, 2009 -
PUBLIC POST *
Warning: I hope the author does not present himself as a journalist, as this is an extremely biased and judgmental article with few facts to support his implications.
A useful definition, from Wikipedia:
"A straw man argument is an informal fallacy based on misrepresentation of an opponent's position. To "attack a straw man" is to create the illusion of having refuted a proposition by substituting a superficially similar proposition (the "straw man"), and refuting it, without ever having actually refuted the original position."
- 4 Comments
Mar 18, 2009 -
WASHINGTON – Under intense pressure from the Obama administration and Congress, the head of bailed-out insurance giant AIG declared Wednesday that some of the firm's executives have begun returning all or part of bonuses totaling $165 million. Edward Liddy offered no details, and lawmakers were in no mood to wait.
He was still fielding their questions when House Democratic leaders announced plans for a vote Thursday on legislation to tax away 90 percent of the extra pay for executives at AIG and many other bailed-out firms.
- 5 Comments
Mar 18, 2009 -
Sen. Chris Dodd (D-Conn.) looks like he may be facing a fresh political firestorm.
Dodd just admitted on CNN that he inserted a loophole in the stimulus legislation that allowed million-dollar bonuses to insurance giant AIG to go forward – after previously denying any involvement in writing the controversial provision.
- 5 Comments
Mar 18, 2009 -
By Michelle Malkin
ALL the world's a stage, wrote Shakespeare, and in the world of Washington, the curtains have opened on the most elaborate farce of the year.
Welcome, taxpayers, to the Kabuki Theater of AIG Outrage - where DC's histrionic enablers of taxpayer-funded corporate bailouts compete for Best Performance of Hypocritical Indignation.
Over the weekend, cloaked in their finest populist costumes, the Beltway's hair-sprayed and powdered politicians and White House aides took to the airwaves to inveigh against $165 million in employee-retention payments made by the government-backed insurance giant.
- 41 Comments
Dec 16, 2008 -
Uncle Shariah
By Frank J. Gaffney, Jr.
The insurance giant AIG has lately become the poster child for corporate risk-taking, mismanagement and greed.
- 3 Comments
Sep 16, 2008 -
http://online.wsj.com/article/SB122156561931242905.html?mod=djemalert
U.S. Plans Rescue of AIG to Halt Crisis;
Central Banks Inject Cash as Credit Dries Up
$85 Billion Loan for Giant Insurer Aimed at Averting Collapse;
Historic Move Would Cap 10 Days That Reshaped U.S. Finance
The U.S.
- 68 Comments
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