Edward Libby, Chief Executive Officer of insurance giant AIG, acknowledged to Congress Wednesday that many Americans were angry about the company's recent multibillion bonuses to employees. ...more

March 19, 2009

The chairman of AIG has told Congress he's asked executives to give back their bonuses. The chief executive officer of the failed insurance conglomerate acknowledged Wednesday that the company's multimillion-dollar bonuses were "distasteful" to many and had provoked a firestorm of wrath. "I share that anger," Edward Liddy, chairman and CEO of the American International Group Inc., said in testimony prepared for Congress. ...more

March 18, 2009

Sen. Charles Grassley wants AIG executives to apologize for the collapse of the insurance giant — but said Tuesday that "obviously" he didn't really mean that they should kill themselves. ...more

March 17, 2009

Responding to growing public outrage, President Barack Obama reversed course Monday and ordered his administration to "pursue every legal avenue" to challenge $165 million in bonuses recently paid to employees of insurance giant American International Group Inc. ...more

March 17, 2009

Pressure is mounting on the government to revise its bailout of AIG to ensure that taxpayers are repaid as much as possible of the $170 billion lent to the troubled insurer. ...more

March 17, 2009

President Barack Obama freed billions of dollars to help the nation's small businesses on Monday, hoping to get credit flowing again to Main Street, not just Wall Street. He heaped praise on the little guys of American industry, often overshadowed in the blitz of government bailouts. ...more

March 16, 2009

"It's hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay," President Obama said ...more

March 16, 2009

Rep. Barney Frank charged Monday that a decision by financially strapped insurance giant AIG to pay millions in executive bonuses amounts to "rewarding incompetence." ...more

March 16, 2009

The government on Monday unveiled a revamped rescue package to insurance giant American International Group and will provide the troubled company with an additional $30 billion in taxpayer money on an as-needed basis. ...more

March 3, 2009

Thousands of State Farm policyholders around Florida are angry with the insurance giant and can't wait to see the company leave. ...more

February 15, 2009