August 1, 2009
Restrictions on financial industry bonuses heading to a vote in the US House may be rejected by the Senate and the Obama administration, which are reluctant to increase governmentâs role in deciding compensation. The House, emboldened by New York Attorney General Andrew Cuomoâs report Thursday that showed nine banks getting US aid paid US$32.6 billion [...]
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March 17, 2009
US President Barack Obama Monday ripped into bailed-out company AIG, vowing to block multi-million-dollar bonus payouts by the giant insurer as public anger builds against Wall Street excess The U.S. government will modify a planned $30 billion capital injection for American International Group Inc to try to recoup hundreds of millions of dollars in controversial [...]
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