Posts under ‘economy’

The following is a letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group’s financial products unit, to Edward M. Liddy, the chief executive of A.I.G. Op-Ed Contributor - Dear A.I.G., I Quit! - NYT 032509:
DEAR Mr. Liddy,
It is with deep regret that I submit my notice of resignation [...]

2000 Commodities Act Paved Way For Problems : NPR 032009:
Melissa Block talks with Michael Hirsh, senior editor at Newsweek talks about how the Commodity Futures Modernization Act of 2000 was passed to keep financial derivatives, including credit default swaps, unregulated. The Commodity Futures Trading Commission failed to rein in the derivatives market.

Edward M. Liddy - Repairing AIG and Repaying the Public, Washington Post 031809:
The government rescue of American International Group (AIG) and other financial firms has produced a palpable wave of anger on the part of Americans and a rising public demand for accountability from corporate and government leaders.
The anger is understandable, and I share it. [...]

Bernard L. Madoff arrived at Federal Court in Manhattan on March 12. [Photo by Michael Appleton/NYT]
Madoff Is Jailed After Pleading Guilty - NYT 031209:
Bernard L. Madoff pleaded guilty Thursday to all the charges against him in a vast Ponzi scheme that bilked investors out of billions of dollars.
Standing before Judge Denny Chin in United States [...]

2/9/09: Presidential Press Conference: On Monday evening, February 9, 2009, President Obama gave his first White House press conference. It was held in the East Room of the White House.
(this video is public domain) House copyright policy)
The White House channel on YouTube.