Topic: American International Group Inc.

Federal Reserve gets supercharged in Dodd's new financial regulation plan

New financial regulation plan introduced by Sen. Christopher Dodd greatly expands role of the Federal Reserve.

Chris Dodd to unveil financial reg reform; says GOP "terribly naive"

Sen. Chris Dodd said Republicans were "terribly naive" for wanting more time to study financial regulation reform

AIG restructuring: Can taxpayers recoup bailout funds?

The bailed-out insurer AIG is restructuring. This gradual make-over holds the best hope for US taxpayers to recover bailout money, say analysts.

New York's Gov. David Paterson to drop election bid

Dogged by scandal and low poll numbers, New York's Gov. David Paterson reportedly will announce his decision to drop his election bid Friday afternoon.

Rolling Stone: Wall Street’s con is alive and well

Rolling Stone Magazine's Matt Taibbi blames the financial crisis on Wall-Street greed. 

Why Obama Must Take On Wall Street

The A to A of Government Inefficiency

Paulson's 'On the Brink': Seven revelations about US financial crisis

In his account of managing America's financial crisis, former Treasury Secretary Henry Paulson recounts shock, disappointment, and own shortcomings. What lessons does 'On the Brink' hold?

Bernanke vote in the Senate gives Fed chairman another term

Senators approved a second term for Federal Reserve Chairman Ben Bernanke Thursday to avoid turmoil in world financial markets. But the Bernanke vote saw 30 members oppose his nomination.

Bernanke vote: Bipartisan Senate support is key

Federal Reserve Chairman Ben Bernanke has come under fire for his support of the Wall Street bailout. But Thursday's Bernanke vote is also expected to reveal that he enjoys bipartisan support in the Senate.

Embattled Obama stays course in State of Union

The president said that economic recovery was his top priority but said he wouldn't abandon health care reform and other signature plans.

Geithner defends AIG bailout against critics of both parties

Treasury Secretary Timothy Geithner says the government ‘made the best of a set of terrible choices’ in bailing out insurance giant AIG. But Democrats and Republicans alike hammered him for not demanding more from financial institutions.

Outraged over CEO pay and bonuses? Here are the real culprits.

A new book, "Money for Nothing," blames corporate boards for CEO pay, bonuses, and other excesses.

Campaign finance ruling: Can Congress do anything?

The Supreme Court's campaign finance ruling was based on the US Constitution. This makes it particularly hard for Congress to do anything but modify campaign finance law – public disclosure provisions, for example.

How does Conan O'Brien's severance stack up on Wall Street?

NBC's $40 million severance to Conan O'Brien is worth 15 lifetimes of work for the average American. But it's no lollapalooza on Wall Street.

Obama proposes fee on big banks. But who would really pay?

The bankers should pay, Obama says. But some think the money would come out of shareholders’ pockets, and others say the big banks would pass it along to consumers and businesses.

Chris Dodd: How much did Wall Street give him?

Chris Dodd announced Wednesday he would not be seeking a sixth term, ending a career helped by massive campaign contributions from Wall Street.

Opinion: Goldman Sachs bonuses: more than just bad PR

Billions in Goldman bonuses could generate the kind of public outrage that can rewrite the very terms of free enterprise.

What's behind mixed signals from Obama and Geithner on TARP?

President Obama and Treasury Secretary Timothy Geithner appeared to contradict each other this week on whether the TARP program would be extended. The mixed signals reflect the political unpopularity of the bank bailouts.

Bernanke speech: financial stability is returning

The actions of the Federal Reserve and other policymakers have helped 'pull the economy back from the brink,' according to the Bernanke speech. One sign: The cost of last year’s bailouts is coming in lower than some forecasters had predicted.

Financial bill to rein in Wall Street. Will it be tough enough?

Regulations in a House financial bill would mean the most significant overhaul of the financial-services industry since the New Deal.

Veterans day appreciation: Top 5 veterans in business

On Veteran's Day, Americans celebrate those who served the country as members of the military. But after trading fatigues for suits, here are the top 5 veterans who have left their mark on the business world.

Dodd bill aims to simplify the patchwork of bank regulation

Sen. Christopher Dodd introduced a bill in the Senate Banking Committee Tuesday aimed at tightening bank regulation. Critics of the current system say regulators are too cozy with bankers now.

Executive pay: How much say should Obama 'czar' have?

High executive pay and bonuses are unseemly after taxpayer bailouts, many Democrats charge. But GOP lawmakers worry about federal 'pay czar' meddling in the workings of capitalism.

Congress targets major cause of banking crisis: derivatives

The House Financial Services Committee announced a plan Tuesday to give regulators tools needed to crack down on banks' risky behavior. It will be a tough job, experts say.