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House Passes Bonus Tax Bill, AIG Operated Under Radar, Fury Over Banks' Back Taxes

POSTED: 09:56 AM ET, 03/20/2009 by Amanda Zamora

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Quotable

quotable

Absolutely not. It was the greatest company in history. In the insurance industry, there wasn't anything like it. How does a man who ran a small automobile insurance company, a one-line type of insurance company, ever be on anybody's list to run AIG?"
— Former American International Group CEO Hank Greenberg, laying blame for current crisis at feet of Edward Liddy

House Passes Bonus Tax Bill

Under the Radar » The money managers who helped ignite the world financial crisis didn't operate in a gleaming corporate penthouse overlooking New York Harbor, but on a trading floor in a two-story brick office building with a view of a Mobil station. At AIG Financial Products here, the riskiest of business was conducted in the blandest of settings. — USA Today

Fury Over Banks' Back Taxes » Thirteen of the largest recipients of the government's massive bailout failed to pay more than $220 million in federal taxes, congressional investigators said yesterday, prompting a new round of accusations that banks were abusing the financial rescue program. — Washington Post

Israeli Soldiers Allege Misconduct » The Israeli military has opened an investigation into possible troop misconduct during the Gaza war after the head of a school for future recruits relayed stories of civilian killings and property destruction told by graduates during a recent gathering. — Washington Post

After the jump...

BEST OF THE REST
» Citigroup May Spend $10 Million for Executive Suite (Bloombgerg)
» Hevesi Aides Indicted in Kickback Scheme (NYT)
» Burris setting up legal defense fund, aide says (ChicagoTrib)
» Supreme Court considers anti-Clinton movie (USAT)
» Murtha Dismisses CBS Earmarks Story as 'Garbage' (Tribune-Democrat)
» More Trouble Ahead in Fumo's Circle (Philadelphia Daily News)

By Amanda Zamora |  March 20, 2009; 9:56 AM ET The Daily Read
Previous: 'Forced Out' Exposed the Dark Side of D.C.'s Condo Boom. Have Property Owners Cleaned Up Their Act? | Next: Windfall for Credit Raters?

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