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