FROM Dean Starkman
AIG: Political Outrage and Financial Stability President Obama said today he shares public outrage over bonuses paid to failed executives with public money. Meantime, the head of the failed insurance giant AIG told Congress he would never have approved the contracts that required those bonuses to be paid. Is there a way to get the money back? Why are executives given incentives for assuming so much risk that they threaten the world's financial stability? What's AIG doing to pay back at least some of its $200 billion government bailout? We ask those and other questions.
AIG, a Bottomless Pit for Bailout Money? American International Group , the world's largest insurance company, got $150 billion in federal bailout money in the last quarter of 2008 and still lost $62 billion. The Obama administration has promised AIG $30 billion more. Today an angry Senate Finance Committee threatened not to go along, unless it finds out where that federal money is going. But the Federal Reserve said revealing AIG's creditors would destroy the company, which is so big it could take the world's financial system along with it. How did it get that way? Where has all that taxpayer money been going? Is there an option to pouring in billions more?
Russian probe gets jolt from Yates and Clapper Senate hearing Intelligence officials have long since concluded that Russia interfered in last year's US election. After yesterday's Senate Judiciary Committee hearing, what more do we know about the threat to future elections and how it's being handled by the Trump Administration?
A New York Times op-ed on climate change sparks uproar The New York Times is embroiled in a public furor over a new columnist, who wrote that scientific uncertainty is reason for debate about climate change. Many conservatives are delighted. Is America's leading liberal newspaper fostering climate denial? This is the latest in our series, "The Emotional States of America."
Free speech and the ideological fight for college campuses Conservatives claim that American colleges and universities are bastions of liberal orthodoxy, shielding students from alternative ways of thinking. What better place for a protest than UC Berkeley? What better agent of controversy than Ann Coulter?
Concern deepens amid Trump's controversies President Trump delivered today's commencement speech to the Coast Guard Academy in Connecticut. As he praised the accomplishments of the graduates, he listed some of his own… and made reference to reports that he leaked intelligence to the Russians and tried to shut down an FBI Investigation into his associates.