Monday, March 23, 2009

AIG Suing U.S. Government for $306 Million

AIG has some ballsy suits running it into the ground. They are actually attempting to recover $306 million dollars in taxes that they failed to keep from the government in offshore tax shelters. Yep, I think it's time to pull the plug on these boneheads. I suppose acts like these are the reason they have to sent out memos to their employees like this:




 

Thursday, March 19, 2009

When All Else Fails, Send In The IRS

The Washington Post reports that the House is looking to pass a bill that would heavily tax bonuses paid by firms that received TARP funds. In fact, it would tax 90% of the bonuses paid out to the AIG execs that had $250k or more in household income.

Source: http://www.washingtonpost.com/wp-dyn/content/article/2009/03/19/AR2009031901542.html?hpid=topnews