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Last Updated: 1:16 PM GMT on July 10, 2009
— Last Comment: 2:43 PM GMT on July 12, 2009
 BONUSES ARE BACK AT FLAILING AIG American International Group can't seem to do anything right in its born-again life -- as its just-consolidated stock steadily loses value, news comes that the beleaguered company is preparing to pay out another $2.4 million to several dozen executives. Bailed-out AIG caused a furor in mid-March when it paid out more than $165 million in taxpayer money as executive bonuses. Just a week after its anemic $1 stock was repackaged to make a $23 stock -- by swapping 20 shares for one -- AIG has lost most of the gains from its desperate reverse split, which was supposed to create deal-making currency. Investors stampeded for the exits yesterday to push shares down 28 percent in the worst rout of a weeklong dump. The selloff -- 12 times the usual daily volume -- came after Citigroup analysts said AIG probably will have no value left after being bailed out four times by Uncle Sam, or a "70 percent chance the equity is zero." CreditSights said AIG executives are bungling almost all their asset-sale deals to pay back government loans in the $182.5 billion rescue. The report said AIG's "flurry of asset sale activity" produced a single sale whose "proceeds have barely made a dent in repaying the government." AIG, the report said, is likely using the cash elsewhere, such as paying for AIG's legal tab trying to seize $5 billion from former chief Hank Greenberg, a case it lost in federal court but still is pressing in state court. Please helf DEFEAT CAP & TRADE in the US Senate here! g> Simple - Keep it absolutely civil towards fellow bloggers. And, don't get heavy on the partisanship - it's quite obvious that corrupt, petty, inept, greedy, power-lustful politicians are plentiful on both sides of the aisle. It's ok to take jabs at them - either party, any official or candidate; but, leave the total "blame game" out of this - it's ALL of them, everyone! If you think otherwise, then you probably don't want to bring it in here! ...see ya 'round the blogosphere! Have a good one!     
...sounds a bit like, "Where's The Beef?" LMAO.Colin Powell, one of President Obama's most prominent Republican supporters, expressed concern Friday that the president's ambitious blitz of costly initiatives may be enlarging the size of government and the federal debt too much. "I'm concerned at the number of programs that are being presented, the bills associated with these programs and the additional government that will be needed to execute them," Mr. Powell said...
Somewhere in old attics and bookshelves there are volumes of old photo books full of sticky, wax-covered, translucent sheets pressed against the many colors of life in pictures - thousands of little baby smiles, birthdays, graduations, birds, flowers, traveled landscapes with mountainous peaks and glorious valleys, sunrises and moon shadows – all in brilliant, beautiful Kodachrome splendor. (Sparrow Image credit:Ralfo)If you have some of these old photos or have ...
DAYUM! It's awfully HOT!Happy FATHER's Day, all you proud and participating dads!
Since the start of May, there have been $98.5 billion of secondary stock offerings (most notably by banks), 4.6 times more than the level of new cash takeovers and buybacks, Biderman reports. At the same time, there's been "massive selling" by insiders, to the tune of $3.9 billion vs. just $350 million of insider buying. [On a separate but related note, Singular Research reports the firms with greatest volume of insider selling, in absolute dollar terms, are: Yum Br...
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